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BusinessDay 13 April 2018

34 BUSINESS DAY

34 BUSINESS DAY C002D5556 NEWS Good Governance Committee assesses states ahead of 2018 Governors’ Awards TELIAT SULE The 2018 Award Committee for the States Competitiveness and Good Governance Awards and BusinessDay Research and Intelligence Unit (BRIU), working in coordination with the field teams, have begun the compilation and assessment of the achievements of the 36 state governments in Nigeria ahead of the 2018 States Competitiveness and Good Governance Awards, as state governments’ officials begin to send in their entries in response to notices earlier sent out by the Committee. In this year’s awards, the chief executive officers of the 36 states of the federation will be appraised on different award categories, which include the awards for the Fastest Growing State Economy; Best State in Tourism; Transparency in Governance; the most improved in Rural and Urban Infrastructure Devel- FG commences wider consultations on CFTA in six weeks KEHINDE AKINTOLA, HARRISON EDEH & CYNTHIA EGBOBOH Federal Government on Thursday said it would continue wider consultations with economic stakeholders in the country’s six geo-political zones on the African Continental Free Trade Agreement (AFCTA) to ensure long-term benefits and consolidation of the Nigerian economy. The government also informed that wider consultations with the Nigerian Labour Congress (NLC), and the Manufacturers Association of Nigeria (MAN) and other key players in the organised private sector was already yield- opment; the most improved in Ease of Doing Business; the most improved in Healthcare Development and the Best State in Agriculture Development. Others are the most improved state in Housing Development, Education Development, Security, IT/ICT and the state at the forefront of promoting Made in Nigeria Goods. In an era of diversification, the list of the award categories will not be complete without a consideration for the state promotion the development of solid minerals. The climax of it is that the most outstanding governors will emerge as the governor(s) of the year. The Award Committee and BRIU employed a number of metrics to evaluate the 36 sub national governments with the sole aim of ensuring a level playing field and objectivity. Quantitative parameters include growth in internally generated revenue (IGR), education reforms, budgetary allocations to critiing the desired results as concerns being raised by various groups were being adequately addressed. Briefing newsmen while he played host to representative of the National Association of Small Scale Enterprises, NASME who came to pledge their support to government’s effort towards signing the AFCTA, Chiedu Osakwe, who heads Nigeria Office for Trade Negotiations said the consultations with key economic stakeholders will assist Nigeria harvest the full benefits of becoming a signatory to the AFCTA. Osakwe said, “The government’s consultations is ensuring that strategic priorities such as safeguarding BBC News Africa appoints Larry Madowo as business editor Larry Madowo joins the BBC from Wednesday, April 11, leading its new Business Unit. The appointment is part of the BBC World Service’s continuing expansion in TV and Digital Video content for audiences in Africa, including new business programmes. Larry is a well-known Kenyan journalist and has previously hosted his own radio show, written a weekly newspaper column and fronted many popular TV programmes. Larry has a vast experience in broadcasting, having worked with various well-established local and CHANGE OF NAME I, formerly known and addressed as Frank Nwabueze Tunim-Eke now wish to be known and addressed as Frank Nwanbueze Tunim-Eke. All former documents remain valid. General Public please take note. international media organisations, and has made many appearances previously on the BBC. He is also a pioneering digital journalist on the continent with an impressive following of over 3 million on social media. Madowo, says: “I’m thrilled to be joining the BBC and look forward to amplifying stories about CONFIRMATION OF NAME This is to inform the general public that Echefu Ikenna Azubuike and Onwunabonze Ikenna Azubuike refers to same and one person. All former documents bearing any of the two names remain valid. General public please take note. CHANGE OF NAME I, formerly known and addressed as Adamu Usman now wish to be known and addressed as Adamu Usman Mohammed. All former documents remain valid. General Public please take note. cal sectors such as health, education and agriculture; capital importation, foreign direct investment and openness in the budgetary processes. Fourteen states emerged as the winners in the 2017 edition. Dignitaries at that event include Abdulsalami Abubakar, former head of state; Okezie Ikpeazu, Abia State governor; Nasiru el-Rufai, Kaduna State governor; Abdullahi Umar Ganduje, Kano State governor, Simon Lalong, Plateau State governor; Samuel Ortom Benue State governor; Acho Nwaakanma, former deputy governor, Abia State; Jacob Buba, Gbomgwom Jos; Babafemi Ojodu, SA to Vice President on Political Matters; Adeyemi Dipeolu, SA to the President on Economic Matters; Letep Dabang, chairman, APC Plataeu State; Vincent Ogbulafor, former PDP chairman; Austin Akobundu, former minister of state, Defense, and Pauline Tallen, former deputy governor, Plataeu State, among others. infant industries, comprising of rice, poultry, sugar and even fertilizer movements are well managed in such a way that the activities benefit Nigerian industries. In that regard, appropriate safeguards are in place to address concerns in these areas. Also, he said, “The consultations is assisting us in area of coordinated economic approach in addressing concerns of cost reflective benefit analysis of the AFCTA, more reflective border management and policing, as well as improving trade logistics which is key in delivering goods and services, which is key in growing intra- African Trade. entrepreneurship, ingenuity and innovation that I’ve witnessed as I have travelled all over Africa. I grew up admiring the quality of journalism the BBC produces around the world, and it is an honour to be a part of a bold new team that will tell authentic African stories for audiences across multiple platforms.” CHANGE OF NAME I, formerly known and addressed as John Stephen Ibakwu now wish to be known and addressed as John Emmanuel Ebakwu. All former documents remain valid. First bank,unity bank ,UBA,Agatu local gov’t & General Public please take note. CHANGE OF NAME I, formerly known and addressed as Ogu Joy Nkechinyere now wish to be known and addressed as Ajugwe Joy Nkechinyere. All former documents remain valid. General Public please take note. Friday 13 April 2018

Friday 13 April 2018 Mobile ecosystem to be... Continued from page 1 Until his suspension, Omo- Agege was Secretary of the group. Although he apologised for insinuating that the Electoral Act Amendment Bill, which reordered sequence of elections, was targeted at the President, he, however, approached a law court to get a restraining order against any move to suspend him. Consequently, this angered the panel, which observed that as a member of the Ethics Committee, the senator should have known better than to drag the institution to court. “After the Distinguished Senator had apologised, he and Senator Abdullahi Adamu published an advert in the Vanguard Newspaper with the heading, Parliamentary Support Group (Senate) for President Muhammadu Buhari, suggesting that the Senate was polarised. “The Committee is of the opinion that the action by Senaport. According to the report, the mobile industry in West Africa is forecast to contribute more than $50 billion annually to the region’s economy by 2022. GSMA represents the interests of mobile operators worldwide, uniting nearly 800 operators with more than 300 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors. The report evaluates that the region’s mobile ecosystem contributed $37 billion in worth in 2017 which is equivalent to 6.5 per cent of GDP, and will grow to $51 billion (7.7 per cent of GDP) within five years. The report shows that the economic influence over this period will be stimulated by durable subscriber progression and the move to mobile broadband networks and services. Also, the report states that at the end of 2017, there were 176 million unique mobile subscribers across the West Africa subregion, which comprises the 15 members of the Economic Community of West African States (ECOWAS). This growth in subscribers is motivated by the region’s huge youthful inhabitants and is projected to grow to 72 million subscribers by 2025 as more than 40 per cent of the population in many countries across Sub-Saharan Africa are below the age of 16. “This report demonstrates the vital role West Africa’s mobile ecosystem is playing in driving economic growth and empowering citizens across the region, as well as in delivering against many of the targets of the UN’s Sustainable Development Goals,” said John Giusti, Chief Regulatory Officer at the GSMA. “However, further work is required as more than half of West Africa’s citizens are not yet connected to a mobile Senate suspends pro-Buhari senator for... Continued from page 1 Senatorial District, Ovie Omo- Agege, for 90 legislative days. The All Progressives Congress (APC) lawmaker is one of the Pro-Buhari senators who walked out of the Senate following the adoption of the Electoral Act (Amendment) Bill, which they alleged was targeted at President Muhammadu Buhari. Although the Samuel Anyanwu-led Committee on Ethics, Privileges and Public Petitions recommended his suspension for 181 legislative days, Senate President Bukola Saraki, however, pleaded for leniency and asked his colleagues to reduce it to 90 days, which was adopted. The upper legislative chamber also disbanded the Parliamentary Support Group (Senate) for President Muhammadu Buhari and asked the embattled lawmaker to withdraw the lawsuit already instituted against the Senate. C002D5556 L-R: Andy Halford, group chief finance officer, Standard Chartered Bank; Aishah Ahmad, deputy governor, Financial System Stability, CBN; Okwu Joseph Nnanna, deputy governor, Economy Policy, CBN, and Bola Adesola, MD/CEO, Standard Chartered Bank, during a courtesy visit to CBN in Abuja. Pic by Tunde Adeniyi service, excluding them from the socio-economic benefits that mobile delivers.” In the report, it was stated that the transition to mobile broadband in West Africa is being driven by the expansion of 3G and 4G networks, lower data tariffs and the increasing affordability of smartphones. 3G networks now cover two-thirds of the regions population and 4G adoption is also rising rapidly. As of March 2018, there were 29 live 4G (LTE) networks in nine countries across West Africa, six of which have launched in the last year. 3G and 4G together accounted for 36 per cent of West African mobile connections in 2017 and are forecast to rise to 94 per cent of the total by 2025. Local operators are expected to spend $8 billion (capex) over the next two years building out and upgrading their networks. Speaking exclusively to BusinessDay on Nigeria’s involvement in the $50 billion projection, Head of Sub-Saharan Africa, GSMA, Akinwale Goodluck said “Given the size of the Nigerian economy and the revenues of the Nigerian operators, we estimate that approximately over 50% of the impacts calculated for West Africa are attributed to Nigeria.” Speaking further on how they arrived at the figures, Akinwale said “Three elements contribute to the overall economic impact of the mobile industry: direct, indirect and productivity impacts. Direct impact considers the contribution of the mobile ecosystem to the economy. Indirect effect is generated, producing sales and value added in other sectors and industries. The third, productivity, refers to businesses allowing more efficient ways to access information, accelerate processes tor Ovie Omo-Agege of going to court after apologising to the Senate was totally unacceptable, especially as an experienced lawyer and member of the Committee who is conversant with the modus operandi of same, and therefore, must be punished to serve as deterrent to others who might contemplate taking the Senate to court over its internal matters,” the report read. With this development, he becomes the second lawmaker to be suspended in the Eighth Senate; the first being the sacked Senate Leader, Ali Ndume who was suspended in March 2017. The committee said Omo- Agege’s suspension will serve as deterrent to other senators who might contemplate taking the Senate to court over its power to regulate its internal matters. Coincidentally, Omo-Agege is a member of the committee. Eight out of 13 members of the committee signed the report. and communications, thereby allowing greater productivity and boosting GDP,” he said. Akinwale identified three ways in which the earlier listed three elements take effect. In his words, “The first is the use of basic mobile voice and text services, which allows workers and firms to communicate more efficiently and effectively. The second is the use of 3G and 4G technology, which allows workers and firms to use mobile data and internet services and the third is the next generation of mobile services, in particular M2M and the ‘Internet of Things’. This will allow firms to improve equipment maintenance and operations (e.g. using sensors to monitor the health of machinery), optimise inventory (e.g. tracking real-time inventory so it can be replenished when needed) and save on energy costs (e.g. using intelligent energy management systems to reduce unnecessary energy use). It also has the potential to improve public services such as health and utilities,” he revealed. Given that such services are still in the early stages of development, this impact was limited in 2017 but it is expected to grow in the coming years. Speaking Exclusively to BusinessDay, Director, Business Process and Technology, Prime Atlantic Group and Co-Founder, 8191 Solutions, Foluso Gbadamosi, shared her view on how the Nigerian market will be part of the projected $50 billion, being the largest country by population in W/Africa and Africa as a whole. Giving her opinion, Foluso said “The mobile ecosystem consists of the devices (phones, tablets etc...), Networks, Operators, Services, Operating Systems, Platforms, Applications and so on. Mobile Internet is a key driver in the Nigerian market and the Mobile Internet Subscribers are expected to grow from 19.4 million in 2015 BUSINESS DAY 35 NEWS to 75.9 million by 2020. According to the 7th Annual Edition of the PWC report on Entertainment & Media Outlook (2016 – 2020) in Africa, ‘Nigeria will have the fastest growth in Internet access revenue in the world. Nigeria’s CAGR of 16.1% for Internet access revenue means that it is the world’s fastest-growing country for that area, making Nigeria a very appealing growth market,” She stated. Furthermore, Foluso added that “Nigeria will be a huge contributor in various ways. A major one will be in the development of apps, software applications and platforms. With the likes of Andela who are churning out developers, Google’s support of developers and the huge growth in the Mobile industry, it is clear that Nigeria will be the largest contributor to the Mobile Ecosystem. I expect that we will see more operators, more payment platforms, a lot more investors focusing on Nigeria because we are the fastest growing market!” Foluso said. Giusti, is of the view that “Connecting a new generation of mobile subscribers across West Africa requires a new era of collaboration between industry and governments in order to implement policies that encourage network expansion, innovation and affordability,”. Bringing it down to Nigeria, Akinwale believes the mobile industry and government can collaborate to implement policies that encourage expansion, innovation and affordability. According to him, “Affordability is crucial if we must connect everyone and everything ultimately in Africa. Low purchasing power coupled with high total cost of mobile ownership presents a challenge for all players and an opportunity for innovation, a paradigm shift by all stakeholders and a commitment to universal access and mobile broadband services”. In addition, for Akinwale, “Infrastructure cost is driven by high spectrum prices, prohibitive excise duty, significant import taxes on devices and telecommunications equipment, expensive bureaucratic permitting regimes and a skewed front loaded cost structure for roll out of services which is further accelerated in the rural areas. There is therefore a need for governments in Africa to make spectrum but most importantly, the lower bands (700Mz and 800MHz) available to MNOs at a fair cost and with less restrictions regarding how or what technology it employs. This is the trade-off between treasury receivables / budget deficits and the overarching objective to connect everyone. Spectrum must be made available on time, in a predictable manner and artificial scarcity must be avoided. ” He said. In some countries, the compounded tax burden on the mobile industry exceeds 50% and reaches 35% of the cost of owning a mobile phone and using internet when every 10% more of mobile broadband penetration today just under 30% across Africa on average raises from 1 to 2% national productivity and adds 0.1 to 0.2% of growth.

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