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Osibanjo outlines FG’s support policies for development of ICT startups ecosystem
The Vice President Prof. Yemi Osibanjo has said that the Federal Government is to reconvene the Technology and Creativity Advisory Council on policies that would support the ecosystem for ICT startups in the country.
Osibanjo said this on Thursday, at the Startup and Developer event organised by Google , with the theme “ The African Start-up Ecosystem Opportunity’’, virtually monitored in Abuja, by our correspondent.
Represented by Mr Kashifu Inuwa, Director-General of the National Information Technology Development Agency (NITDA), Osibanjo identified startups as tools for addressing the enormous challenges confronting Africa.
He said the Federal Government was working with relevant stakeholders to ensure that startups received every support they required to take their ideas from inception to impact.
“As part of our Ease of Doing Business Reforms, we instituted the Visa on Arrival Policy which allows any person outside ECOWAS to get a visa on arrival in Nigeria.
“This policy means that all African startups and entrepreneurs seeking to expand their business into Nigeria will have a more straightforward process.
“We are also re-convening the Technology and Creativity Advisory Council, made up of public and private sector stakeholders, to advise government on policies and programmes to support the ecosystem,’’ he said.
He further said that through the work of the council, the Federal Government was also currently engaging with the African Development Bank (AfDB) to setup a $500 Million Innovation Fund.
According to him, the fund will provide support for the ecosystem, across four pillars, including Infrastructure support, Finance, Skills Development and Technical Assistance.
He explained that the African startup ecosystem opportunity was dependent on innovation capacity and entrepreneurial capacity, all anchored on the 4th industrial revolution and driven primarily by digital technologies.
Both capacities, in turn, depend on four key indicators, which are human capital, infrastructure, funding and demand.
Osibanjo added that human capital was the first indicator, by which African startups needed to realise that they were strong on the value of the human resources they have.
He described the 3rd industrial revolution as pivotal to unprecedented global economic growth going on in the 21st century, as it disrupted traditional service delivery channels, accelerated the automation of factories and manufacturing processes, while using electronics and information technologies to expand the reach and create prosperity.
The vice president decried Africa’s missing out on these developments, but expressed the hope that the 4th industrial revolution was another opportunity for Africa to leverage and develop its ICT startups ecosystem.
“The 4th industrial revolution is shaping and creating economic activities. It is proving to be the catalyst for future economic activities that will bridge the divide between the rich and developing countries.
“It will remove physical borders and barriers, while maximising the utilisation of digital technologies as a source of inspiration across economic sectors,’’ he said.
Osibanjo noted that based on the startup Genome report, a global startup ecosystem report, Lagos was the most valuable startup ecosystem on the continent.
He recalled the report saying that Lagos had between 400 to 700 active startups, valued at over $2 billon, with Fintech being the most prominent in the Lagos technology startups ecosystem.
The vice president equally noted that other industries were emerging and opportunities for investment and disruption remained very high in the continent.
He recalled that in 2019, the Federal Government launched the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, as a sustainable roadmap to accelerate the development of a Digital Economy.
The policy was designed to catalyse the digital ecosystem development in Nigeria and deepen innovation quality to promote innovation-driven enterprises that target the global market, he said,
He added that by creating the enabling environment for startups to thrive, and through NITDA, the government was initiating programmes to ensure the deepening of digital economy agenda.
News
Super Eagles: Chelle Explains Decision to Invite New Players
Super Eagles head coach Éric Chelle has defended his decision to hand opportunities to several new players during the Unity Cup and the international friendly against Poland, saying the move is part of efforts to strengthen the national team.
According to DAILY POST, Chelle included eight home-based players in his squad for the Unity Cup invitational tournament as he continues to assess new talents capable of improving the team.
Players such as Femi Azeez, Owen Oseni, Arthur Okonkwo, and Rafiu Durosinmi all made their debut appearances during the competition.
Banik Ostrava defender Abdullahi Bewene also earned his first cap for the Super Eagles in the friendly against Poland, while Genk defender Christian Akpan received a late invitation for the upcoming friendly against Portugal.
Speaking to the Super Eagles media team, Chelle said the inclusion of fresh faces is aimed at raising the quality and competitiveness of the squad.
“We have analysed our game over the past year and have tried to bring in players who can help the team grow,” Chelle said.
“We need to improve because, for me and for everyone, it is often the smallest details that make the difference between being the best team and winning a trophy.”
The Malian tactician has continued to experiment with his squad since taking charge, with a focus on building a stronger and more competitive team ahead of future international competitions.
News
“I Left the Frying Pan for Hellfire” — Senatorial Aspirant Laments Exit from APC to NDC
Ehiozuwa Agbonayinwa, an aspirant for the Edo South Senatorial seat under the platform of the Nigeria Democratic Congress (NDC), has expressed deep frustration over his experience in the party, describing his defection from the All Progressives Congress (APC) to the NDC as “moving from the frying pan into hellfire.”
Speaking on Arise News’ News Day programme on Friday, the former member of the House of Representatives alleged that despite winning the party’s senatorial primary election, he is now being prevented from appearing on the ballot.
Agbonayinwa further accused the NDC’s national leader, Senator Seriake Dickson, of reneging on earlier encouragement for him to contest the Senate seat on the party’s platform. According to him, Dickson personally persuaded him to purchase the party’s expression of interest and nomination forms, only to later deny ever doing so.
“I have moved from the frying pan into hellfire,” Agbonayinwa said.
“After efforts to reach a consensus failed, we proceeded to a direct primary election. Party leaders brought all the aspirants together and encouraged us to step down for one another, but no agreement was reached.
“We went through a rigorous process. I understand the party is relatively new, but in all my years in both the APC and PDP, I have never witnessed this kind of situation. The primary election was held on May 29, and as of June 5, the results have still not been officially announced.”
The former lawmaker said he was particularly disappointed by the role allegedly played by Dickson, whom he described as a longtime friend and respected associate.
“Before joining the NDC, I reached out to Senator Seriake Dickson and later visited him at his residence. During our discussion, he asked why I could not pursue a Senate seat under the NDC platform.
“At the time, I was considering contesting for the House of Representatives, but after his suggestion, I told him I would consult with my political leaders. After doing so, I informed him of my decision and thanked him. To my surprise, the same person who encouraged me to obtain the nomination form has now claimed he never made such a recommendation,” he stated.
Agbonayinwa maintained that the handling of the primary election process has left him frustrated and disillusioned, raising concerns about transparency and internal democracy within the NDC.
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Some Nigerians Have Turned Insecurity Into a Commercial Venture — PDP Chieftain
A chieftain of the Peoples Democratic Party (PDP), Anthony Ehilebo, has expressed concern over the worsening security situation in Nigeria, alleging that some individuals now view insecurity as a profitable enterprise.
Speaking on News Central’s Politics HQ on Friday, Ehilebo said the failure of authorities to bring perpetrators of major terrorist attacks and kidnappings to justice has contributed to the continued spread of insecurity across the country.
He cited the abduction of schoolgirls in Borno State and the attack on students in Buni Yadi as examples of incidents in which those responsible have not been adequately held accountable.
“When Boko Haram kidnapped girls in Borno State, till today we have not found those responsible and held them to account. Buni Yadi happened and nobody was held to account, and it spread to other schools,” he said.
Ehilebo noted that insecurity in Nigeria has evolved into different dimensions, including terrorism driven by extremist ideology and criminal activities motivated by financial gain.
“There are multiple facets and there is one that is solely domiciled within terrorism and if you look at the literal translation of Boko Haram, it means western education is haram according to radical Islamic teachings,” he stated.
He also alleged that some people now engage in kidnapping and related crimes for economic reasons, citing a recent case involving a senior special assistant in a state government who was reportedly arrested for allegedly staging her own abduction in an attempt to obtain ransom from the government.
“It has now become an industry and a commercial venture for some and for some it has become literally a religious thinking process,” he said.
The PDP chieftain argued that the lack of consequences for criminal acts has encouraged the persistence of insecurity, stressing that stronger political will is required to address the challenge effectively.
“The bottom line that has kept this is the consequence, which is almost driven by political will,” he added.
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