Author: ITPulse

The digital economy as we know it refers to the economic activities enabled by digital technologies that connect people, businesses and processes With a shift away from physical commerce, consumers are increasingly taking their daily activities online. This shift has resulted in new opportunities for emerging digital entrepreneurs to reap the dividends from digital and grow in the digital economy. The digital economy as we know it refers to the economic activities enabled by digital technologies that connect people, businesses, and processes. It’s the hyper-connectiveness of this economy that allows the ecosystem to grow, and redefines how typical businesses are…

Globally, the spending on Blockchain is expected to hit $4.1 billion in 2020, increasing from the $2.7 billion recorded in 2019 and an estimated growth ration of nearly 50 percent. According to StockApp data, Blockchain is expected to maintain a 46.4 percent Compound Annual Growth Rate over the next five-year period of 2020 and 2024, even as the International Data Corporation (IDC) also states that the total spending on blockchain solutions will be nearly $18 billion by 2024. Meanwhile, another report from Markets and Markets indicates that the global blockchain market is estimated to be worth $3.0 billion in 2020.…

The Nigerian Communications Commission (NCC) has highlighted some steps it has taken so far to support the deployment of infrastructure in Nigeria by all the licensed Infrastructure Companies (InfraCo) In a statement signed by its Director of Public Affairs, Dr. Ikechukwu Adinde, the telecom regulator said it is reviewing the InfraCos framework and funding options. Thus, has constituted a committee recommend sustainable funding options for effective implementation of the proposed national fibre project. The setting up of the committee, according to the statement was sequel to the requirements of the new Nigerian National Broadband Plan (NNBP 2020-2025) and reports of…

The Ahmadu Bello University, Zaria was founded on 4th October, 1962 as a vision of the then Premier of the Northern Nigeria, Sir Ahmadu Bello of blessed memory. Looking at the size of the land of the university, it was obvious the Sardauna’s intent was not just for that moment alone considering how many of the population of those years were really interested in attending schools. Behold, the vision has today manifested through massive education of the northern populace through that institution from inception till date. Visions are usually long term in nature and this is very instructive to note.…

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has revealed that interconnect indebtedness in the country’s telecom industry is valued at over N70 billion. This, according to him is worrisome, calling on the operators to settle the huge debt being owened by the various operators for the overall interest of the telecom industry, which is contributing over 14 per cent to the country’s Gross Domestic Product (GDP) as in the second quarter of 2020 and valued at N2.3 trillion. “Telecom operators in the country should as a matter of urgency find a way to settle…

The Minister of Communications and Digital Economy, Dr. Isa Pantami, has hailed the Association of Telecommunications Companies of Nigeria (ATCON) for the foresight in organizing the National Dialogue on Telecoms and Information and Communications Technology (ICT) Sectors event in collaboration with other industry stakeholders. While re-emphasizing the resolve of the Federal Government, through the Ministry, to continually advance the digital economy agenda of the country, the Minister described the event with the overarching theme: ‘Harnessing the Digital Resources for the Building of Our National Economy’ and sub-themes lined up for discussions, as apt and timely, given the increased reliance of…

The Director General of National Information Technology Development Agency, (NITDA), Mal. Kashifu Inuwa, has posited that a secured cyberspace is key to the Nigeria’s pursuit of digital economy. The NITDA boss believes that safer cyber ecosystem is critical and an enabler that could catalyse the transformation of Nigeria into a leading digital economy that is capable of providing quality life for all. Mal. Inuwa, while speaking at a webinar, which was part of the events lined up to create awareness on cyber security for the month of October 16, 2020, also noted that since the use of digital platforms has…

The National Information Technology Development Agency (NITDA), said it has achieved several milestones and achievements in the implementation of the Nigeria Data Protection Regulation (NDPR) in less than two years. The Director General of NITDA, Mallam Kashifu Inuwa, who stated this in his remarks during a webinar conference organised by Africa Data Protection Conclave with the theme: “Personal Data Protection and Cybersecurity”, disclosed that with the implementation of the NDPR, NITDA has licensed 70 Data Protection Compliance Organizations, (DPCO); created over 2,686 new jobs roles in the industry; developed a new data protection sector which is valued at over N 2 Million. ”…

The protection of digital consumers in the midst of the ravaging Covid-19 pandemic, where people have turned to online platforms to shop, telework and connect with families and friends will top agenda at the 8th United Nations Conference on Competition and Consumer Protection (UNCTAD) slated for 19 to 23 October. The organizer of the event said they will examine ways to better protect consumers in the digital era even as Covid-19 has accelerated the shift towards a digital world. “Uppermost in the minds of policymakers is how to make consumer protection and competition policies fit for purpose in the digital…

The Nigerian Communications Commission (NCC) is on the verge of executing the counterpart funding agreements with the seven licensed Infrastructure Companies (InfraCos). The Executive Vice Chairman of NCC, Prof. Umar Danbatta, who disclosed this yesterday in a keynote address at a Virtual Innovative Tech Forum, organized by the National Information Technology Reporters Association (NITRA), noted that executing the funding agreement facilitate increase in fibre deployment around the country to enhance the digital transformation agenda of the Federal Government. Prof. Danbatta also believes that apart from facilitating fibre deployment, such intervention will be instrumental to the survival of SMEs that have…