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Full Text of Prof Osinbajo’s Speech at Google for Nigeria Event

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I am delighted to be to be here with you today at this year’s Google for Nigeria event. Just couple weeks back, it was a special pleasure to be welcomed to the Googleplex by Google CEO, Sundar Pichai and his great management team. We all have very warm memories of that visit, and I am truly grateful for your kindness and warm hospitality.

About three months ago, I spoke at an event at the Warwick University on the subject “The African Century.”  The substance of that speech was that this century is Africa’s century. Why? Because Africa will, for good or ill, play the defining role in global development.  Africa’s fortunes will matter across all the trends shaping the world. I say for good or for ill because either scenario is possible. If Africa fails on these important development issues, because of our sheer size, the global impact will be catastrophic and if it succeeds the global impact will be incredible.

In at least four important respects, Africa will hold the balance of world development. First is in world population (demography). Second is environment and climate change. Third is productivity.  Fourth is social exclusion (or inclusion as the case may be) and its implications for global security.

Let’s take population, by 2035, Africa will have 1.2 billion people. Nigeria is Africa most populous country; she will become the 4th most populous nation in the world. Over 50% of that number will be young persons under the age of 25. Today, 60 percent of the unemployed in Africa are young people. If we do not change the trajectory of socio-economic development, we would have millions of jobless young people in the prime of their lives, and as we will see, largely illiterate and /or poorly trained. The workforce will be ill-equipped to man any industrial revolution or take advantage on scale of technology.  The anger, disillusionment, and hopelessness of these young people will drive social unrest, compel more desperate migration northwards and present a fertile recruiting ground for extremist groups.  If social conditions remain tenuous, even the well-educated will be tempted into migration and contribute further to the brain drain.

How about the environment and climate change? So, it is generally agreed that although Africa has contributed least to global warming, it is and will suffer most from its consequences.  Indeed, we are already seeing extreme weather events such as flash floods, drought, and desertification.

So to cut a long story short, Africa is confronted with existential challenges, and there is simply no time to waste in resolving these problems. The answer that providence has given us is technology.  The great purveyors of technology such as our hosts today Google, and their collaborators – 21st century Technologies Limited and Backbone Connectivity Network (BCN), are not mere corporations in search of profit and some social good, they literarily hold the future of generations of humanity in their hands.

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In Nigeria, we cannot train our nearly 200 million young people by 2045, in classrooms alone. It is impossible!  We must use the internet and even mobile telephony. We must connect our young people to knowledge and innovation all over the world. Co-creation efforts of innovators and inventors require broadband to be consummated.

So without connectivity, the development trajectory of our nation and continent is truncated.  Today, it is also becoming increasingly clear that the availability of food and healthcare for the huge numbers of our people will depend on how democratized the technology becomes. We simply cannot provide enough food, drugs or vaccines in Africa without the availability of innovation in agriculture, and technology in farming and the production of drugs and vaccines. So democratizing Artificial Intelligence as we heard Marvin Chow, Google’s VP Product Marketing, describe in agriculture and the medical sciences, will change the human development story.

Indeed every step that is taken to democratize technology is a quantum leap in the African development story and a major contribution to Global stability and growth. This is why the launch of Google Station here in Nigeria, is an enormously significant event.

First, it means that Google and 21st Century, will be providing free WiFi access in several public spaces in Nigeria, more exciting is that several of our markets will benefit from this free internet access.

This partnership is particularly important to us, because we have in the past one year, in our energizing markets project, been providing solar power to markets and economic clusters across the country. We have done extensive work in Ariaria market in Aba, Sabongari in Kano, Gbagi market in Ibadan, Sura here in Lagos, and we are starting out in Iponri, and Balogun markets.

But the most profound implication is that internet access is becoming available to some of the poorest in society. What access to information, tools of education, business or commerce means is that gaps of inequality and exclusion are bridged. Jobs are created and in many important respects, there is a real chance of better quality of life for large numbers of our people.

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Millions of Nigerians have personal stories of how the Internet has transformed their lives, their hustle, as today’s theme alludes to, in positive ways. And Juliet Ehimuan, Google’s Country Director Nigeria, has showed us, with stories of real people like Adaobi, how Google has featured prominently in many of these stories.

In 2016, working with the Office of the Senior Special Assistant to the President on SDGs, I launched the Google Digital Skills Training Programme with the target to train 400,000 Nigerians on basic Digital Skills, working with Google and local Nigerian Tech Training companies.

We have since surpassed those numbers and trained over a million Nigerians in basic digital skills in the last 24 months.

To scale up our support to private sector players in the technology space, I recently inaugurated the Technology and Creative Advisory Group, a subset of our National Industrial Policy and Competitiveness Advisory Council.

This group brings together, young private sector players in the technology and creative sectors and relevant government agencies, working jointly to formulate policies, programmes and projects for the Technology and Creative sectors of our economy.

Some private sector members of the Advisory Group and relevant government agencies like NITDA, NEPC and the Bank of Industry, went with me on the trip to Silicon Valley. Also on that trip, I met with the creative sector in Los Angeles and showcased Nigeria’s readiness and preparedness for investment, and the work we are doing with our Ease of Doing Business Secretariat, to provide an enabling environment for business in Nigeria, and which helped Nigeria rise 24 places on the World Bank’s Ease of Doing Business Index in 2017.

Through the GEM Project of the World Bank, the Federal Government has given out over $2million to 79 startups across the country. Apart from this, our National Social Investments Programme is working with the National Information Technology Development Agency (NITDA) to support the private sector to establish technology and innovation centers across the country.

We have established and launched these Innovation Hub projects across the nation.  From the Ventures Platform in Abuja (Ventures Park), to the Marydel Hubs and the Edo State Government’s Edo Innovate project in Benin, Edo State, and the Humanitarian Innovation Center in collaboration with the North East Innovation Hub and the International Committee of the Red Cross (ICRC) in Yola, Adamawa State, we are committed to building an ecosystem to drive innovation.

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The Federal Government is now investing in training 5,000 developers as part of our N-Power Tech program, just as we are catalyzing a whole new sector of animation production by training 3,000 young people with scriptwriting, storyboarding, voice acting, animation and post-production skills. Not only will we develop their skills, we are providing an initial support of the hardware and software tools that will help them function economically after they are trained. We also believe that starting earlier with our students helps to solve tomorrow’s challenges, today. The Federal Government is lending support to initiatives such as the Civic Lab’s Student Innovation Challenge, and the Campus Innovation Challenge by Union and CC Hub, Nigeria’s pioneer Tech Hub in Yaba, Lagos State, to discover and support student entrepreneurs in our tertiary institutions.

Next week, I will launch a Climate Innovation Center in partnership with the Enterprise Development Center at the Lagos Business School. This forms part of our ICT roadmap, in which the private sector is an important stakeholder.

The challenge remains connectivity, extending broadband reach, making data cheaper – National Broadband Policy.  As a first[1]  step, the Federal Government, through the Nigeria Communications Commission (NCC), has since licensed a number of Infrastructure Companies (Infracos), who will invest in rolling out broadband infrastructure across Nigeria.

I believe we can extend broadband reach significantly in a year or two. We will partner in whatever way we can with Google and Nigerian broadband providers like 21st Century Technologies Limited and Backbone Connectivity Network, to quickly achieve extensive broadband coverage.

Our goal is to create a data-driven digital economy; one that will lead the way not just in Africa, but globally as well. And I believe strongly that Nigeria is on the right path. We have the people, the talent, we have a government that sees the potential very clearly, and is showing the determination to unlock that potential.

Technology has put great power into our hands, as individuals, but more importantly as co-creators and collaborators, to positively and dramatically change the course of human existence. With it, we can solve many of the problems that confront us.

In addition, we can connect people, grow businesses, influence good governance, and create better lives, and a better country for ourselves and for the future.

Thank you.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Internet Subscribers in Nigeria Grow 13.8% to 154.4 million

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internet subscribers in Nigeria

By Ashemiriogwa Emmanuel

The number of internet subscribers in Nigeria rose by 13.8 per cent from 135.7 million in March 2020 to 154.4 million in November 2020, according to a report by the National Communication Commission (NCC).

Business Post analysis showed that this occurred as data usage in Nigeria witnessed a 33 per cent increase between March and November last year as it grew from 147,537.52 terabytes to 196,163.42 terabytes.

The piece titled 2020 Subscriber/Network Data Report showed that last year witnessed a significant increase in data usage which reflected on the nation’s telecom industry performance in the period.

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NCC noted that the COVID-19 pandemic altered the way and manner business activities were carried out as it reflected the industry performance for the year which challenged the global telecommunication industry in general.

This heavily contributed to the country’s Gross Domestic Product (GDP) which rose to 12.5 per cent from 10.6 per cent in the same period in 2019.

In terms of the total active voice subscriptions, the NCC report showed there was a 10.6 per cent increase from 184.7 million in December 2019 to 204.2 million as of December 2020.

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Teledensity – the number of telephone connections for every hundred individuals living within an area – also increased in the period from 96.8 per cent to 107.1 per cent.

In the mobile voice market segment, subscriptions grew by 10.7 per cent to 204.2 million as against 184.4 million recorded in December 2019. It was revealed that MTN recorded the highest increase in terms of this, as it made a 17.5 per cent year-on-year, in contrast to EMTS, owners of 9mobile, which recorded a drop of 4.8 per cent year-on-year.

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The telecom industry also recorded a 60 per cent climb in the Voice over Internet Protocol (VoIP) market segment, increasing from 166,068 subscriptions in 2019 to 265,604 subscriptions the following year.

However, there was a 0.1 per cent decrease in the Fixed Wired/Wireless segment as the section recorded a total of 107,031 subscriptions in December 2020, compared to the 107,154 in the preceding year.

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African Proptech Spleet Selected for MetaProp Accelerator

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Spleet

By Adedapo Adesanya

One of Africa’s property technology (proptech) startups, Spleet Africa, has been selected for MetaProp’s 2021 Accelerator Programme, making it the first from the continent to join the Accelerator programme.

The MetaProp Accelerator is the world’s foremost proptech accelerator, founded by MetaProp; a New York-based venture capital firm focused on the real estate technology industry.

As part of the accelerator’s 22-week coaching and advisory period, Spleet will also receive up to $250,000 in funding from the VC.

Speaking on the development, the Chief Executive Officer (CEO) of Spleet, Mr Adetola Adesanmi, said joining the accelerator is a catalyst towards achieving the company’s goals and further driving its value proposition as well as opening up new opportunities for the growing proptech startup ecosystem in West Africa.

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“Over the last 3 years, we’ve worked very hard at Spleet to hack a highly valuable but hard to crack segment of Africa’s real estate market.

“Our goal is to power hassle-free rentals, for our landlords and tenants, and bridge the trust issues that currently exist between both parties.

“We are expanding to Ghana and Kenya, and are looking to other African markets. All these haven’t been easy, and has meant tapping into every available resource,” he said.

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The company’s ambitious plan is to tap into the unexplored proptech market in Africa, which accounts for only one per cent of the global market share.

And with more than $23.8 billion in global property tech investment, Mr Adesanmi said he and the team are excited to be starting the MetaProp accelerator programme in September and will maximize the opportunity.

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On his part, the co-founder and general partner at the VC, Mr Zachary Aarons, believes proptech will most likely be the next wave after fintech.

“The Nigerian fintech ecosystem has been absolutely on fire recently. Guess what usually follows fintech? It’s proptech. I have spoken to two high-quality Lagos based proptech companies in the past week alone,” Mr Aarons said.

Founded in 2015, MetaProp’s investment team has invested in over 130 technology companies across the real estate value chain.

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Technology

Tizeti to Hold Summit on Digital Technology Future

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Tizeti

By Adedapo Adesanya

Tizeti, West Africa’s pioneer solar-based internet service provider, will convene Nigeria’s prominent corporate leaders, C-level executives, IT managers, technology startups, and digital thought leaders at the maiden edition of its futuristic Tizeti NeXTGEN conference themed The Future of Digital is Here.

This would be held in line with the company’s commitment to widening digital inclusion for Africa with affordable broadband connectivity to the continent’s underserved populations.

Speaking ahead of the conference, Tizeti’s founder and Chief Executive Officer, Mr Kendall Ananyi, said that Tizeti NeXTGEN is a flagship conference focused on discussing the digital environment in Africa and highlight how digital transformation will empower more Nigerians.

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He also noted that the conference will open participants on how to stimulate economic activities, provide a foundation for a robust and thriving ecosystem to enable digital leadership for Africa in the 4.0 world and complement the digital efforts of other industry stakeholders in driving investment promotion and building a robust technology ecosystem in Nigeria, and Africa.

Mr Ananyi noted that the maiden edition will feature product launches on Tizeti’s plans around Next Generation Unlimited Wi-Fi, Smart Interactive Voice response systems and expanding access to unlimited internet in Africa.

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The event has been scheduled to hold on Wednesday, August 11, 2021, at 12 noon.

It will convene hundreds of attendees in a hybrid event and will bring together its various partners within the African telecommunications, technology, and business communities to share its ambitions for the future of digital in Africa.

The event provides an opportunity to network, discover new opportunities and discuss breakthrough trends in the global Telecoms space and tech ecosystem with unique perspectives from C-Level Executives and its partners.

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Interested participants can register for the event here https://bit.ly/TizetiNeXTGEN01

Tizeti is a fast-growing wireless internet service provider in Lagos, Nigeria, delivering high-speed unlimited Wi-Fi Internet access to residential and business customers using wide-area Wi-Fi.

Its services are available in Lagos, Ogun, and Rivers State. It is also expanding rapidly to other African countries as it has been successfully launched in Accra and Tema, Ghana.

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