FG Eyes 27,000 Jobs From Microsoft Partnership

Image

By Adedapo Adesanya

The federal government has partnered with Microsoft Corporation to accelerate Nigeria’s goal towards a more digital economy.

According to a statement from the spokesman of the Vice President, Mr Laolu Akande, this partnership is in line with the Economic Sustainability Plan (ESP) of Mr Muhammadu Buhari administration.

It was announced that no less than five million Nigerians would benefit from a digital upskilling programme as each of the six geopolitical zones would also enjoy active internet connection and cloud services courtesy of the digital transformation plan.

Speaking in a formal video announcement of the deal with the tech giant, the Vice President, Mr Yemi Osinbajo, stated that the government was committed to leveraging innovation and technology to bring better outcomes across a wide area of governance concerns.

“Indeed, it is with this in mind that we have sought constructive partnerships that bridge the knowledge, skills and technology gap that exist in most of our communities,” he said.

The Vice President added, “This launch is indicative of our commitment to this and will involve collaboration with various government agencies as implementing partners, including the Ministry of Communication and Digital Economy, the Ministry of Youth and Sports Development, the Economic and Financial Crimes Commission, the Nigerian Institute of Cultural Orientation, and various other local partners.

“We intend that these initiatives become institutions in their own rights and make a real impact in the lives of our citizens going forward.”

The partnership with the tech giant anchored on connectivity, skilling and digital transformation, followed discussions between both parties led by the Vice President and Microsoft President, Mr Brad Smith, earlier in 2021.

In January, Mr Osinbajo had a virtual meeting with Mr Smith where discussions covered areas of intersection between technology and governance to enhance Nigeria’s digital transformation.

On the core areas of the partnership, the Vice President explained that the partnership would focus on two pillars – connectivity and skilling, as well as digital transformation.

“We plan to connect under-served communities in each of the six geo-political zones with access to internet and cloud services.

“This project is a critical component of our objective of expanding broadband connectivity, which is by itself, a major pillar of our Economic Sustainability Plan in response to the COVID-19 pandemic,” he said.

The Vice President added, “Working with Microsoft, we intend to upskill five million Nigerians through this increased internet access over the next three years in various digital skills which will increase both employability and entrepreneurship.

“The multiplier effect will bring opportunities in rural and urban areas to many young people and will help us deal with unemployment problems made worse by the pandemic.”

Using digital tools under the project, the Vice President remarked that the government would pioneer innovative approaches in the fight against corruption – a major priority of the present administration.

According to him, the government seeks to use cutting edge analytical and case management tools to plug holes in the public sector system and confront white-collar criminality efficiently while leveraging Microsoft’s technology tools.

“This pillar will also serve a vital social function by using Microsoft’s Artificial Intelligence technology and resources to preserve and promote our major languages so we can revitalise these important aspects of our culture.

“Our focus is, of course, the Nigerian people. With over 80 million regular internet users, there is no question that Nigerians have fully embraced technology, the internet and their various uses,” Mr Osinbajo stated.

On his part, Mr Smith said Microsoft believes in the future of Nigeria and was excited as a company to add to its investments.

He noted that the company partnered with tech experts to create a Customer Support Centre – a centre in Lagos that employed over 1,600 people in 2018.

The tech company chief explained that they had another opportunity to broaden their investment even more by creating the African Development Centre.

The centre, according to him, will employ over 200 software developers and engineers by the end of 2021 – people who are creating technology and Microsoft products to serve not only the people of Nigeria but the people of the world.

“All of these is giving us the kind of confidence to want to invest even more, and one of the things that we have recognised as a company is the need to grow with communities and countries and not just buying for ourselves,” Mr Smith noted.

Speaking on the new partnership with the federal government, he stated, “We are embarking on a series of broad-based, really multifaceted investments to better serve Nigeria in three areas of internet connectivity, digital skilling, and digital transformation.

“We will be providing digital skills to five million Nigerians over the next three years, and along the way, creating 27,000 new jobs during the same period.”

Share
Related Stories
Image
15-January-2024

HabariPay’s Squad Unveils ‘Take On Squad Hackathon’ 1.0

By Aduragbemi Omiyale A new initiative targeted at young innovators in universities and other tertiary institutions in Nigeria has been introduced by HabariPay’s Squad in line with its mission to empower businesses and young innovators across Africa. The contest, known as Take on Squad Hackathon, is a social coding event scheduled to be held on January 19 and 20, 2023, at the GTCO Training Complex at Tayo’s Plaza in Abeokuta, Ogun State. Registration is still ongoing, with interested teams of not more than four members welcome to apply at https://squadco.com/hackathon/. The initiative is designed to impact young Nigerians positively by

Image
06-February-2024

The Growing Importance of Privacy Amongst Customers and How Businesses Should Cater to it

By Kehinde Ogundare and Veerakumar Natarajan Privacy is a growing concern for technology consumers worldwide. While there was a time when that may not have been the case for countries like Nigeria and Kenya, that’s no longer the reality. As connectivity becomes more affordable and ubiquitous, Kenyans and Nigerians have become increasingly tech-savvy and conscious regarding how much data they share with technology companies and what the latter is doing with it. In the face of these growing concerns, companies operating in Africa need to be mindful of the increasing privacy mindset of their customers. Aside from regulatory compliance, companies

Image
28-February-2024

Experts to Discuss Rural Telephony, Green Energy Challenges at WATISE 2024

By Modupe Gbadeyanka The second edition of the West Africa Telecoms Summit and Exhibition (WATISE) slated for April 18, 2024, in Lagos will provide an avenue for stakeholders to tackle infrastructure funding challenges for rural telephony and green energy. The event, organised by TechnologyMirror, an ICT and Telecoms news cum information website, is themed Shaping the Future of the Telecoms Infrastructure Industry: Trends and Insights for a Digital Economy. According to the convener of WATISE, Mr Isaiah Erhiawarien, this year, the focus will be on the digital economy, the challenges of funding for the industry with particular reference to rural

Image
09-February-2024

Why Integrating Apps, Democratising Automation Should be Cornerstone of Every IT Strategy

By Linda Saunders As businesses look to transform the AI world, the demand for AI and automation tools is growing, intensifying the pressure on IT teams to deliver. This is especially true for the African continent. IT leaders across Africa are grappling to establish the governance and processes required to master the basics with widening digital skills gaps, disconnected systems, and compliance concerns among their top concerns. This is according to MuleSoft’s 2024 Connectivity Benchmark Report, which found that among 1,050 IT Leaders worldwide, 98% say they are facing challenges regarding digital transformation. 81% of IT Leaders report the persistence of

More Stories
Image
18-July-2018

FG Unveils Initiative to Revive Agro-allied Industry in Kano

By Dipo Olowookere A programme aimed at reviving agro-allied industries and also agricultural productions in Kano State, the Nigerian Agri-business and Agro Industry Development Initiative (NAADI), has been launched by federal government. This was done on Monday by the Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar and it is part of government’s efforts to accelerate the growth and diversification of the Nigerian economy. Mrs Abubakar, represented at the commissioning by the ministry’s Permanent Secretary, Edet Sunday Akpan, explained that the programme is intended to harness the enormous potentials inherent in the non-oil sector of the Nigerian

Image
23-February-2018

Access Bank Grabs Euromoney ‘Best Commercial Banking Capabilities’ Award

By Dipo Olowookere Euromoney, a leading global financial publication, has named Access Bank Plc as winner of its Best Commercial Banking Capabilities award. Euromoney, in its recently released results of the annual Private Banking and Wealth Management Survey, noted that Access Bank’s Commercial Banking Capabilities showed significant improvement within the past year. The award is given to honour firms that have proven to be leading providers of exceptional commercial banking services and have also shown outstanding contribution to the banking sector. Group Managing Director/CEO of Access Bank, Mr Herbert Wigwe, was presented the prestigious award at the Euromoney Private Banking

Image
05-October-2023

NGX Index Weakens by 0.43% as Traders Book Profit

By Dipo Olowookere The gains recorded by the Nigerian Exchange (NGX) Limited on Tuesday were reversed on Wednesday by 0.43 per cent following profit-taking by investors. It was observed that traders sold off shares in the banking and industrial goods sectors, leading to a respective decline of 0.2 per cent and 0.01 per cent. As a result, the All-Share Index (ASI) was weakened by 288.69 points to 66,482.28 points from 66,770.97 points and the market capitalisation fell by N158 billion to settle at N36.386 trillion compared with the preceding day’s N36.544 trillion. Business Post reports that there were pockets of

Image
02-October-2021

I Won’t Reject Taking COVID-19 Vaccine if Necessary—Adeboye

By Dipo Olowookere The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has advised any of his church member who intends to take the COVID-19 vaccine to go ahead, saying “safety belongs to God.” Addressing the congregation in the early hours of Saturday at the monthly Holy Ghost Night of Friday, October 1, 2021, the cleric said he has nothing against the vaccine as he can also take it if necessary. “I have not told you not to take the vaccine,” the respected man of God said shortly after mounting the altar to deliver his

Image
16-May-2020

Airtel Nigeria Extends Remote Working Policy for Two Weeks

By Modupe Gbadeyanka The remote working policy put in place by a leading mobile network operator in the country, Airtel Nigeria, has been extended by two additional weeks. The scheme, as part of the business continuity plan of the organisation, was initially announced few weeks ago in a bid to safeguard its employees from COVID-19 and help stem the spread of the virus. In a memo to employees, Managing Director and Chief Executive Officer of Airtel Nigeria, Mr Segun Ogunsanya, said members of staff of the company particularly in Lagos, Ogun State and FCT, the epicentres of the coronavirus infections

Image
14-March-2019

Examining Dambazau’s Exploits at 65

By Edwin Uhara Birthday means different things to different people in different places. To some, it is the celebration of anniversary. To another, it is the beginning of a new life while to others it is a year of possibilities as endless as the sky and the opportunity to meet the challenges in everything we do. Within the context of overcoming the challenges in everything we do, this article is going to look at the exploits of a man who has never failed in every assignment ever handed down to him by the Nigerian people and government. The person is

Image
04-September-2020

Doctor Shortage: Coker Urges Government to Adopt Telemedicine

By Modupe Gbadeyanka The Nigerian government has been advised to adopt telemedicine in order to enhance healthcare and cushion the effect of the shortage of doctors in the country. This was the suggestion made by an expert in the medical field, Dr Olujimi Coker, the CEO of Lagoon Hospital, when he spoke at the third edition of the monthly webinar organised by the management of the Lagos State University Teaching Hospital (LASUTH), Ikeja. The doctor, while speaking on the topic Telemedicine in the Post-COVID Era, explained how telemedicine has assisted in the treatment of patients during this pandemic and how

Image
18-January-2022

BUA Foods Promises to Deliver Value to Shareholders

By Modupe Gbadeyanka The management of BUA Foods Plc has promised to not make shareholders regret their investment in the company as it is well-position to increasingly deliver value to them. This assurance was given by the Group Executive Director of BUA Foods Plc, Mr Kabiru Rabiu, who represented the Chairman of BUA Group Plc, Mr Abdul Samad Rabiu, at the virtual Facts Behind the Listing and Closing Gong Ceremony at the Nigerian Exchange (NGX) Limited on Tuesday, January 18, 2022. BUA Foods joined the nation’s main stock exchange on January 5, 2022, by introduction, boosting the market capitalisation of

Ad
Ad
Recent Stories
Image
02-March-2024

Endosurvivors Foundation Set For Another Endometriosis Awareness

By Adedapo Adesanya EndoSurvivors International Foundation (ESIF), an NGO championing endometriosis awareness in Nigeria, has announced its upcoming events in commemoration of the Global Endometriosis Advocacy Month in March, fondly tagged March4Endo by advocates all over the world.  Endometriosis is a chronic and inflammatory condition that affects approximately 1 in 10 girls and women in Nigeria and on a global scale. This sums up to about 190 million affected girls/women around the world, about the population of Nigeria in 2018.  The World Health Organisation (WHO) recognizes that endometriosis has significant social, public health, and economic implications leading to a decrease

Image
02-March-2024

CSCS, FrieslandCampina Lift NASD OTC Bourse by 0.31%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive territory after it gained 0.31 per cent on Friday, March 1, thanks to the duo of Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc. CSCS Plc added 81 Kobo to its value to sell for N19.46 per unit compared with the preceding day’s N18.65 per unit, and FrieslandCampina improved by N1.15 to settle at N71.4o per share, in contrast to Thursday’s closing price of N70.25 per share. However, Aradel Holdings Plc continued its price depreciation yesterday as it shed N6.75 to sell at N2,395.00

Image
02-March-2024

Naira Now N1,548.25 at Official Market, N1,560/$1 at Black Market

By Adedapo Adesanya The Naira sustained its gradual recovery against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 1, appreciating by 2.94 per cent or N46.86 to sell at N1,548.25/$1, in contrast to the N1,595.11/$1 it was traded on Thursday. Also, in the spot market, the Nigerian currency improved its value against the Pound Sterling during the trading day by N90.13 to close at N1,956.06/£1 versus the previous day’s N2,046.19/£1 and against the Euro, it gained N76.39 to trade at N1,675.25/€1, in contrast to the N1,751.64/€1 it closed a day earlier. The supply of

Image
02-March-2024

Crude Oil Jumps 2% as Traders Sight Possible OPEC+ Cuts

By Adedapo Adesanya Crude oil appreciated by about 2 per cent on Friday as traders awaited a decision from the Organisation of the Petroleum Exporting Countries and allies (OPEC+) on supply agreements for the second quarter. Yesterday, the price of Brent futures went up by $1.64 or 2 per cent to $83.55 per barrel and the US West Texas Intermediate (WTI) futures rose by $1.71 or 2.19 per cent to $79.97 a barrel. For the week, Brent added around 2.4 per cent while WTI gained more than 4.5 per cent. Analysts noted that the expectation that OPEC+ is going to

Image
02-March-2024

NGX Indices Nosedive by 1.23% as Traders Resume Profit-Taking

By Dipo Olowookere The bears made a quick return to the Nigerian Exchange (NGX) Limited after leaving the stage for the bulls for a day as investors reassessed the impact of the hike in the benchmark interest rate by the Central Bank of Nigeria (CBN) on Tuesday on their investments. On Friday, the key performance indicators of the bourse closed lower by 1.23 per cent as a result of renewed selling pressure, especially in the energy and industrial goods sectors. Business Post reports that at the close of transactions on the first trading session of March 2024, the industrial goods

Image
01-March-2024

CBN Revokes Operational Licences of 4,173 BDC Operators [FULL LIST]

By Aduragbemi Omiyale The operational licences of 4,173 Bureaux De Change (BDC) operators have been revoked by the Central Bank of Nigeria (CBN). A statement signed by the acting Director of the Corporate Communications Department of the apex bank, Mrs Hakama Sidi Ali, on Friday disclosed that the action was taken because the affected BDCs did not adhere to regulatory provisions. The central bank said the BDCs did not pay all necessary fees, including licence renewal, within the stipulated period in line with guidelines. It also said they failed to give account of returns in line with the guidelines, and

Image
01-March-2024

BREAKING: Popular Yoruba Comic Actor Sisi Quadri Dies

By Modupe Gbadeyanka A popular Yoruba comic actor, Mr Tolani Quadri Oyebamiji, otherwise known as Sisi Quadri, has died, according to reports. However, the cause of his death is still unclear as of the time of filing this report. There are speculations that he briefly fell ill before his passing, though he was seen publicly some months ago with a fellow comic actor, Sanusi Izihaq, who is well-known as Apa or Apankufor. Sisi Quadri, who died at the age of 44, was recently gaining fresh public attention with his comic act with Apa and others. His demise has hit the

Image
01-March-2024

Transcorp Power to List Shares on Nigerian Exchange March 4

By Dipo Olowookere Another power generating company will join Geregu Power Plc on the Nigerian Exchange (NGX) Limited, Business Post has gathered. The new firm joining the nation’s flagship stock exchange is Transcorp Power Plc, a company owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu. Information reaching this newspaper is that Transcorp Power is listing its shares on the NGX by introduction on Monday, March 4, 2024. The organisation is taking to the stock market about 7,500,000,000 units of its equities at N240.00 each, increasing the total value of the local equity market by N1.8 trillion. Its

Image
01-March-2024

Risevest Suspends Crypto Payment as Clampdown Intensifies

By Adedapo Adesanya Foreign stocks trading and investment firm, Risevest, has voluntarily announced a temporary suspension of cryptocurrency assets in Nigeria until the current wave of clampdown on operations settles. In a notice sent to customers on Friday and seen by Business Post, the platform said users won’t be able to fund their wallets using cryptocurrency as it allowed. The company revealed that it noticed that there has been an uptick in funding and possible gaming of the system, and warned against this. “We’re temporarily suspending crypto funding on Rise for users in Nigeria, pending clarity on the regulatory landscape.

Image
01-March-2024

Foreign Capital Into Nigeria’s Energy Industry Plunges 42.8% to $3.64bn in 2023

By Adedapo Adesanya Foreign capital inflows, which gauges the level of foreign investment into the country, through the Nigerian oil and gas industry in 2023 dropped by 42.8 per cent to $3.64 million from the $6.37 million recorded in 2022. This is contained in the latest data obtained from the Nigeria capital importation report for the fourth quarter of 2023 released recently by the National Bureau of Statistics (NBS). The NBS revealed that total foreign capital inflow into the oil and gas sector in 2023 accounted for 0.09 per cent of total foreign capital inflow into the Nigerian economy in