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HabariPay Take-on-Squad Hackathon 1.0 Produces Three Winners

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Take-on-Squad Hackathon 1.0

By Modupe Gbadeyanka

Three winners have emerged in the inaugural Take-on-Squad Hackathon 1.0 coding event organised by HabariPay Limited after intense collaboration, innovation, and problem-solving at the GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State, from January 18 to 20, 2024.

Business Post reports that the three winning teams are Team Within, Team X, and Team Storepoint.

Each team was selected based on real-world applicability, technical creativity, user experience, and teamwork.

Team Storepoint, represented by Haruna Faruk and Ladipo Samuel from the University of Lagos, secured third position and a prize of N1 million.

Their winning solution, Storepoint, facilitates quick access to an online marketplace for local shops and small businesses within 5 minutes, using Squad’s API to streamline the payment process.

Team X, consisting of Muktar Jimoh Yusuf, Rasheed Taiwo Mudasiru, and Mukhtar Abdulfatai from the Federal University of Technology, Minna, claimed the second prize, earning a prize of N1.5 million.

Their solution leverages advanced AI and machine learning algorithms to revolutionise bundled payments.

The grand prize of N2.5 million was won by Team Within, comprising Inuoluwadunsimi Daniel Ola-Oladeinde, Atayero Ayomide Samuel, and Hamzat Victor Oluwabori, students of Obafemi Awolowo University. Their innovative solution focused on streamlining school departmental payments and contributions.

In recognition of their outstanding achievements, Team Within, Team X, and Team Storepoint, along with other standout talents from the hackathon, will be enrolled in the Squad Hackademy, an initiative aimed to empower the participants with comprehensive learning resources, mentorship, and unparalleled job opportunities, fostering a community of innovation and excellence.

Commenting on the emergence of the winners, the Managing Director of HabariPay Ltd, Ms Eduofon Japhet, said, “The level of innovation demonstrated by each team is truly impressive, and we eagerly anticipate witnessing these solutions materialise in the future.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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IBM to Exit Nigeria, Others from April 2025 Amid Low Sales

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IBM leaves nigeria MIBB

By Aduragbemi Omiyale

One of the global tech giants, International Business Machines (IBM), is planning to quit a few markets in Africa from April 1, 2025.

According to reports, IBM will leave Nigeria, Ghana and other key African markets because of its declining sales in the region.

The company has struggled to impress consumers because of stiff competition from rivals like Dell, Huawei and others with attractive products.

Its operations in Nigeria and other African countries will now be handled by MIBB, a subsidiary of the multinational conglomerate, Midis Group.

MIBB will sell a wide range of IBM products and services in Africa like software, hardware, cloud solutions, and consulting services.

IBM has had a significant presence in Nigeria for over five decades, playing a crucial role in the country’s technology landscape.

The company provided infrastructure and consulting services to key sectors, including banking, telecommunications, oil and gas, and government.

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50% Tariff Hike to Trigger Investments in Telecom Sector—ATCON

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telecom-investors

By Adedapo Adesanya

The Association of Telecommunication Companies of Nigeria (ATCON) says the increase in telecommunication tariffs by 50 per cent will boost investment in the sector.

ATCON President, Mr Tony Emoekpere, said the public concern was natural and expected, especially when considering the economic realities of many Nigerians.

He, however, described the increment as an investment in the future of Nigeria’s digital economy, citing its numerous benefits.

“For years, telecom operators have operated under immense financial strain due to foreign exchange fluctuations, high energy costs, multiple taxation, and rising infrastructure expenses.

“These challenges have made it increasingly difficult to expand network capacity, improve service quality, and bridge the digital divide.

“Without adjustments in pricing, Nigeria’s digital infrastructure would risk stagnation, making it harder for the country to compete in the global digital economy,” Mr Emoekpere said in an interview with the News Agency of Nigeria (NAN) yesterday.

He said the adjustment was not just about pricing but ensuring enough resources to maintain and improve the quality of services Nigerians rely on daily.

“This tariff increase is an investment in the future of Nigeria’s digital economy, as it will enable operators to expand 4G and 5G coverage across more locations, particularly the underserved areas.

“This increment will bring about the upgrade of network sites to ensure better reliability.

“It will also enhance broadband speeds to support businesses, education, fintech, telemedicine, and other critical digital services.

“At the end of the day, the success of this move will be measured by real and tangible improvements in quality of service with faster internet speeds, fewer dropped calls, and wider coverage, leading to the digital transformation we all desire.

“That is the ultimate goal, and the telecom industry is fully committed to delivering on this promise,” Mr Emoekpere said.

According to him, the tariff hike is necessary, being the only viable option to ensure the right investments guarantee good quality service.

He added that the Global System for Mobile Communications Association (GSMA) had recognised that sustainable pricing was crucial for long-term network investments.

He, however, stated there were still other pressing industry challenges that must be addressed if the government would truly support digital transformation.

“The focus should also be on simplifying Right of Way (RoW) permits to speed up fibre deployment.

“It should also be to fully enforce Critical National Information Infrastructure (CNII) protections to stop vandalism of telecom assets.

“Again, we should emphasise the reduction of the multiple layers of taxation that telecom operators face at federal, state, and local levels, and provide incentives for rural broadband expansion to ensure digital inclusion across all communities,” Mr Emoekpere said.

According to him, the positive news is that the issues are at different stages of being solved.

He noted that if the recent successes like the resolution of the USSD debt issue were anything to go by, “We are optimistic that the current administration will make progress in these areas as well.

“This should not stop us from remembering that consumers have a right to demand better services.

“The tariff increase should come with a visible improvement in quality: faster speed, wider coverage, and greater reliability.

“From all indications, the telecom operators are geared toward meeting these expectations, and the NCC has set clear quality service targets,” Mr Emoekpere said.

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Nigeria’s Digital Quality of Life Index Declines to 100

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Corporate Internet Banking

Surfshark’s Digital Quality of Life Index (DQL) 2024 ranks Nigeria 100th in the world. The study indicates how well the country is performing in terms of overall digital well-being compared to other nations. Nigeria drops by twelve places from last year, which reflects a lack of commitment to developing the digital landscape and positioning the country as a leader in leveraging technological advancements to improve citizens’ quality of life.

“In an election year like 2024, where the digital realm shaped political discourse and societal values, prioritizing digital quality of life proved to be more important than ever. It helps to ensure informed citizens, protects democratic processes, and fosters innovation. Our annual project helps to better understand where each county stands in terms of digital divide, highlighting where a nation’s digital quality of life excels and where further focus is required,” says Tomas Stamulis, Chief Security Officer at Surfshark.

Out of the Index’s five pillars, Nigeria performed best in e-security, claiming 76th place, but faced challenges in e-infrastructure, ranking 108th. The nation ranks 94th in e-government, 103rd in internet quality, and 106th in internet affordability. In the overall Index, Nigeria lags behind South Africa (66th) and Kenya (89th). Collectively, African countries lag behind in their digital quality of life, Nigeria taking 14th place in the region.

Nigeria ranks lower in e-government than 77% of the countries analyzed, with 93 countries above.

E-government determines how advanced and digitized a country’s government services are. A well-developed e-government helps minimize bureaucracy, reduce corruption, and increase transparency within the public sector. This pillar also shows the level of Artificial Intelligence (AI) readiness a country demonstrates. Countries with the highest readiness to adopt AI technology are also ready to counter national cyberthreats. Nigeria ranks 94th in the world in e-government — six places lower than last year.

Nigeria is 76th in the world in e-security —  three places lower than last year.

The e-security pillar measures how well a country is prepared to counter cybercrime and how advanced a country’s data protection laws are. In this pillar, Nigeria lags behind South Africa (75th) and Kenya (69th). Nigeria is unprepared to fight against cybercrime, the country has some data protection laws.

Nigeria’s internet quality is 25% lower than the global average.

  • Nigeria’s fixed internet averages 39Mbps. To put that into perspective, the world’s fastest fixed internet — Singapore’s — is 347Mbps. Meanwhile, the slowest fixed internet in the world — Tunisia’s — is 14Mbps.
  • Nigeria’s mobile internet averages 78Mbps. The fastest mobile internet — the UAE’s — is 430Mbps, while the world’s slowest mobile internet — Yemen’s — is 12Mbps.

Compared to South Africa, Nigeria’s mobile internet is 15% slower, while fixed broadband is 51% slower. Since last year, mobile internet speed in Nigeria has improved by 65%, while fixed broadband speed has grown by 55%.

The internet is unaffordable in Nigeria compared to other countries.

  • Nigerians have to work 10 hours 43 minutes a month to afford fixed broadband internet. It is 46 times more than in Bulgaria, which has the world’s most affordable fixed internet (Bulgarians have to work 14 minutes a month to afford it).
  • Nigerians have to work 2 hours 44 minutes 14 seconds a month to afford mobile internet. This is 18 times more than in Angola, which has the world’s most affordable mobile internet (Angolans have to work 9 minutes a month to afford it).

Nigeria is 108th in e-infrastructure.

Advanced e-infrastructure makes it easy for people to use the Internet for various daily activities, such as working, studying, shopping, etc. This pillar evaluates how high internet penetration is in a given country and its network readiness (readiness to take advantage of Information and Communication Technologies). Nigeria’s internet penetration is low (35% — 109th in the world), and the country ranks 102nd in network readiness.

On a global scale, investing in e-government and e-infrastructure improves digital well-being the most

Among the five pillars, e-government has the strongest correlation with the DQL index (0.92), followed by e-infrastructure (0.91).

Internet affordability shows the weakest correlation at 0.65.

METHODOLOGY

The DQL Index 2024 examines 121 nations based on five core pillars that consist of 14 indicators. The study is based on the United Nations’ open-source information, the World Bank, and other sources. Nigeria’s full profile in the 2024 Digital Quality of Life report and an interactive country comparison tool can be found here: https://surfshark.com/research/dql/country/NG.

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