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Home Blog Page 3735

The Dynamic Landscape of Innovation Hubs for Sparking Innovation Across Nigeria

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Cluster 1: Tech Innovation Hubs in Lagos In Lagos, Nigeria’s bustling tech hub, several innovation centres have emerged, all geared towards fostering technological growth and entrepreneurship. These hubs include the Co-Creation Hub, MEST Incubator, Wennovation Hub, NG_Hub, Impact Hub Lagos, Artificial Intelligence Hub, Cranium One, Vatebra Tech Hub, and more. They form a tightly-knit cluster, united by a joint mission to support technology startups and entrepreneurs. These hubs offer various services, including incubation, mentorship, and access to vital resources. They have played a significant role in positioning Lagos as a prominent tech hub on the African continent.

Cluster 2: General Incubation and Co-Working Spaces Distributed across various Nigerian cities, another cluster comprises general innovation hubs and co-working spaces. This extensive group includes LeadSpace, Blue Hub, KAD ICT Hub, Founders Hub, Roothub, OlotuSquare, Heartland Hub, Innovation Growth Hub (IGHub), iDEA Hub, Leadpath, Focus Hub, Strategic Hub, 360 Creative Hub, Zonetech Park, Vatebra Tech Hub, Cranium One, Hub 30, Brainiacs Innovation Hub, Illumination E-learning, Innovation Hub & Job Centre, Seedbuilders Innovation Hub, South-South Innovation Hub, Ken Saro-Wiwa Innovation Hub, African Technology Innovation Hubs Initiative, 720Degree Hub, and ImpactCentral Social Innovation Hub. This diverse cluster serves as a haven for entrepreneurs, offering a multitude of services, including incubation, training, and business support. They are located in various cities across Nigeria, supporting a wide range of startups.

Cluster 3: Social Innovation and Inclusion Hubs Focused on addressing societal challenges through social innovation and inclusion, this cluster includes hubs like The Humanitarian Innovation Hub, Project Enable Africa Hub, and Impact Hub Lagos. These hubs emphasize collaboration and community involvement in creating solutions to pressing social issues. They provide support to individuals and groups working to make a positive impact on society, fostering a sense of purpose and community.

Cluster 4: Skill Development and Education Hubs Start Innovation Hub Nigeria, Ilorin Innovation Hub, and Kebbi Innovation and Tech Hub constitute a cluster that prioritizes talent development, training, and skill-building. These hubs play a crucial role in equipping individuals with the skills needed to thrive in the digital age, fostering innovation and personal growth.

Cluster 5: Innovation Hubs with a Financial Focus Premier Hub Innovation Centre, The Solutions & Innovation hub, and StartPreneurs form a group of hubs with a strong focus on financial support for startups. They offer services that include access to capital and business services, aiming to catalyze the growth of early-stage ventures.

Cluster 6: Innovation Support Network Innovation Support Network (ISN Hubs) brings together a network of innovation hubs across Nigeria. Formed by hub owners, ISN Hubs provides policy advocacy, facilitates connections between various stakeholders, and promotes sustainability among member hubs. They foster collaboration and knowledge sharing among a growing community of entrepreneurship and innovation hubs.

Cluster 7: State-Specific Hubs Found in specific states across Nigeria, these hubs include Delta State Innovation Hub, Edo Innovates, GIG Innovation Hub, AkureTechUp, DevsDistrict Hub, Hebron Startup Labs, and Founders Hub. These hubs tailor their missions and services to address the unique needs of their respective regions, playing a vital role in local economic development and innovation.

Cluster 8: Unique and Specialized Hubs This cluster comprises specialized hubs such as The Tangent Eco-Innovation Hub, StartPreneurs, Civic Innovation Lab, and BD Hub. Each hub has a distinct mission, including environmental management, disability-friendly initiatives, civic innovation, and business development. They contribute to addressing specific challenges and opportunities in their areas of focus.

Cluster 9: Innovation Hubs in Abuja (FCT) A cluster of innovation hubs is concentrated in the Federal Capital Territory (Abuja), including Innov8hub, LPI Innovation Hub, Technology Development for Poverty Alleviation Initiative, StoneBricks Hub, Sustainable Innovation Hub, WhatIf? Innovation Hub, Seedbuilders Innovation Hub, African Technology Innovation Hubs Initiative. These hubs are strategically located in the nation’s capital and collaborate on initiatives, share resources, and engage with the government and policymakers to further the innovation ecosystem in Nigeria.

These clusters represent the vibrant and diverse landscape of innovation hubs across Nigeria, each contributing to the country’s entrepreneurial spirit and technological advancement in its unique way. They are vital in nurturing startups, fostering innovation, and driving economic growth in the region.

Nigeria Should Consider Rotational Presidency

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Good People, Nigeria should modify its constitution and adopt a rotational presidency. From all indicators, we need a new plan because the current model is not working. How do I know? Evil could be good, and good could be evil, depending on who is benefiting? With lack of consistency in our moral fibers, I do not see how any human can unite Nigerians to a mission. And if that is the case, we need to look for alternatives.

As things stand, we’re focusing on tribal strategies and supremacy over national competitiveness. And the nation called Nigeria is fading because of it. Sure, rotational presidency will not solve all the problems, but at least, it creates a spirit of equity so that people will know they belong. But if you continue with what we call “politics”, the inconsistencies in the judicial ruling injects huge risks to Nigeria’s economic viability.

In 1999, a mere embellishment in CVs was enough to dethrone the Senate President and Speaker of the House. Today, do you think that is possible? A few years later, a guy was disqualified for winning a House seat as a corps member (NYSC) member. Today, a minister is combining a ministerial job with NYSC.!

In the European Union, they have rotational presidency even as tribes and nations do whatever they want. With that, Iceland with its strong 400k people can breathe from France and Germany. I think each of the geopolitical zones in Nigeria is much larger than most nations in the EU. We need to create this rotational thing and diminish the impact of tribes in our national politics, if we do hope for people to really pay attention to Nigeria.

That rotational presidency should come with fiscal federalism. That way, we can push ourselves to innovate and thrive.

Comment on Feed

Comment 1: A certain Professor Durojaiye wrote a book advocating for a presidential council of 6, each member of the council coming from a geopolitical zone, with rotational presidencies for 2 years each among each of them, and the other 5 will control other critical pillars of the nation like the military, economy, oil and gas, works etc.
One thing is certain. We need to rethink how our we are structured so the idea of tribe gets diminished.

I watch people make an excuse for absolute criminality because of tribal factors.
We can’t continue like this.

Comment 2: Rotational presidency should be ceremonial only. Let their be a federalism with autonomous regional government and a functional Prime Minister for administrative purposes.

My Response:That is the point. It should be ceremonial as they do it in Europe

I have passed the age to be afraid. But if you read closer, I wrote “fiscal federalism”. That is another way of saying regional governments with ceremonial rotational “presidents”.

Atiku Held International Press Conference Over Tinubu’s Forged Certificate, Said ‘The Reputation of Nigeria is At Stake’

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Former Vice President Atiku Abubakar held an international press conference on Thursday in response to the Chicago State University’s sworn deposition, which revealed that President Bola Tinubu submitted a forged certificate to the Independent National Electoral Commission (INEC) in June 2022.

Speaking on the outcome of the deposition, which has put the credibility of the Nigerian leadership in the spotlight, Atiku said Nigerian institutions need to up their game in checking the authenticity of certificates presented by political office holders.

“The ground rules for legitimate governance in our country need to be upheld, and the reputation of our country is at stake. That affects everyone, Nigerians everywhere,” he said.

Defying calls from the quarters of All Progressive Congress (APC) to back off his push to unravel the truth about Tinubu’s educational credentials, Atiku said: “Our country is bigger than any of us, and its standing in the world affects the fate of all who come from or live in it.”

He added that the fight is not personal, but rather it is a quest for the enthronement of truth, morality, and accountability in our public affairs. He therefore called on well-meaning Nigerians, including Governor Peter Obi of the Labour Party and Governor Rabiu Kwankwaso of the NNPP, to join him in the “campaign to enshrine probity, accountability and the basic principles of justice, morality and uprightness in our country and our government.”

Read the full text of Atiku’s press conference below:

Being text of a press conference by His Excellency, Atiku Abubakar (GCON), Waziri Adamawa, Vice President of Nigeria (1999-2007) and Presidential candidate of the Peoples Democratic Party (2023), at the Shehu Yar’Adua Centre on the 5th of October 2023.

Protocol

Gentlemen of the Press, Fellow Citizens of the Federal Republic of Nigeria, I consider it important to address and report to you today on issues that define the future of elective government and legitimate leadership in our country.

Political leadership and active citizenship matter because they are ways through which we all work together to build a country that works for all who live in it. Our country is bigger than any of us, and its standing in the world affects the fate of all who come from or live in it. As leaders, it is our duty to advance the well-being of all our people and the country.

For this purpose, my generation worked hard to return the soldiers to the barracks and to defend the right of the people to elect and establish for ourselves a legitimate government. Our elections are established and governed by law and founded on the constitution from which leadership and government in Nigeria alone derive their legitimacy.

The people look up to us as leaders to respect these rules and, where necessary, to defend them. This is what brings us here.

Today, we are called upon again as a people to uphold and defend the ground rules of elective government in our country. The constitution prescribes the requirements for those who seek the highest elective office in the land.

It should not take months or, indeed, decades, for the institutions concerned to be able to do their work in establishing the credibility of any certificates presented by candidates for public office.

We undertook this journey at great cost and for important reasons. The ground rules for legitimate governance in our country need to be upheld, and the reputation of our country is at stake. That affects everyone, Nigerians everywhere.

I am a democrat by conviction and a citizen of a country that I love. The issues at stake in this case require us once more to re-dedicate ourselves to both the country and our constitution.

Now, we entrust these facts to us all as citizens and as leaders of the institutions charged with interpreting our constitution. I should thank the lawyers both in Nigeria and in the United States, who have assisted us in bringing clarity and definitive answers to these issues that appear to have defied our institutions for nearly a quarter of a century. I also want to extend my gratitude to Nigerian citizens and friends of Nigeria both within and beyond the shores of our country for their patience as we have sought to find the facts and establish the truth.

I wish to pay tribute to the late human rights activist, Chief Gani Fawehinmi, SAN, who inspired us on this path of discovery. Now, he can truly rest in peace in the assurance that what he started about 23 years ago has come to fruition. Gani’s vindication today gives credence to the saying that no matter how fast a lie runs, the truth will someday overtake it.

Former American President Thomas Jefferson once said, “If I had to choose between government without newspapers, and newspapers without government, I wouldn’t hesitate to choose the latter”. From exposing the Watergate scandal and unraveling the dubious certificates of politicians, journalists have maintained eternal vigilance by bridging the gap and stepping in when other arms of government failed.

It is for these reasons that commendation must be given to David Hundeyin, an independent journalist whose extraordinary work, and those of many more young people like him has become a source of inspiration. Special thanks must be given to the millions of Nigerian youths and citizen journalists too who continue to put out the truth online even when no one is listening. Indeed, the price of Liberty is Eternal Vigilance. They have put the country first in their firm commitment to unravel the truth and hold leaders accountable. This gives me the hope that we have worthy partners in the struggle to reclaim the country we call home.

This quest is not for or about Atiku Abubakar. It is a quest for the enthronement of truth, morality, and accountability in our public affairs. In line with this, therefore, I am calling on all well-meaning Nigerians, leaders of thought, our religious leaders, our traditional leaders, our community leaders, our political leaders, and in particular, Governor Peter Obi of the Labour Party and Governor Rabiu Kwankwaso of the NNPP and, the leaders of every political party in Nigeria, and, indeed, every single person who loves this country, as I do, and who wishes nothing but the best for the country, as I do, to join me in this campaign to enshrine probity, accountability and the basic principles of justice, morality and uprightness in our country and in our government. This is a task for each and every one of us.

Thank you for listening. May God bless you, and may God bless the Federal Republic of Nigeria.

El Salvador Launches the first-ever Volcano powered Bitcoin Mining Pool

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El Salvador has made history by becoming the first country in the world to launch a bitcoin mining pool powered by geothermal energy from a volcano. The project, dubbed “Bitcoin Volcano”, aims to harness the abundant and renewable energy source to generate clean and cheap electricity for mining the cryptocurrency.

President Nayib Bukele announced the initiative on Twitter on September 28, 2023, saying that the first 20 megawatts of power had been installed and connected to a new mining facility near the Chaparrastique volcano. He also shared a video showing the steam rising from the pipes and the machines humming inside the building.

Bukele said that the project was part of his vision to make El Salvador a leader in innovation and sustainability, as well as to boost the adoption of bitcoin as legal tender in the country. He added that the Bitcoin Volcano would create jobs, income and development for the local communities, while also reducing the environmental impact of mining.

According to Bukele, the Bitcoin Volcano has the potential to scale up to 100 megawatts of power in the future, which would make it one of the largest and greenest mining pools in the world. He also said that he was open to partnering with other countries and companies that wanted to join the initiative or replicate it elsewhere.

The Bitcoin Volcano is not the only project that El Salvador is pursuing to leverage its volcanic resources. The country is also working with a Japanese company to develop a geothermal power plant that could generate up to 644 megawatts of electricity, enough to supply about half of the national demand.

El Salvador’s embrace of bitcoin and volcanoes has attracted both praise and criticism from different sectors. Some experts and enthusiasts have applauded the country for its bold and innovative approach to foster financial inclusion and economic growth. Others have warned about the risks and challenges of adopting a volatile and unregulated currency, as well as the possible social and political consequences of Bukele’s authoritarian tendencies.

However, authorities in Venezuela have reportedly confiscated several Bitcoin mining machines and rocket launchers from a prison facility. According to local media, the raid was conducted as part of an operation to dismantle criminal networks operating inside the prisons.

The report claims that the mining equipment and weapons were found in a section of the prison controlled by a notorious gang leader known as “El Niño Guerrero”. The gang allegedly used the mining machines to generate income from the cryptocurrency market, and the rocket launchers to fend off rival gangs and security forces.

The raid was carried out by a special task force composed of members of the National Guard, the Scientific, Penal and Criminal Investigation Corps (CICPC), and the Bolivarian Intelligence Service (SEBIN). The operation also resulted in the arrest of several inmates and prison officials who were allegedly involved in the illicit activities.

The Venezuelan government has been cracking down on Bitcoin mining in recent years, claiming that it poses a threat to the national security and the stability of the country’s power grid. However, many Venezuelans have turned to Bitcoin as a way to cope with the hyperinflation and economic crisis that have plagued the nation.

The discovery of Bitcoin mining machines and rocket launchers in a prison facility is a stark reminder of the complex and dangerous situation that Venezuela is facing, and the challenges that authorities have to deal with in order to restore law and order.

Regardless of the opinions, El Salvador’s experiment with bitcoin and volcanoes is undoubtedly a fascinating case study that will have implications for the future of money, energy and geopolitics. Whether it will succeed or fail remains to be seen, but one thing is certain: it will not go unnoticed.

Terragon And Microsoft Partner to Propel African Businesses to New Heights

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American multinational technology corporation Microsoft, through its Africa Transformation Office, is partnering with Terragon to support its cloud capabilities.

Terragon, a Nigerian tech-based company that uses data and analytics to help companies market their products in Africa, plans to leverage Microsoft’s cloud technologies to provide brands with powerful consumer insights.

Through this partnership, business owners in Africa will have access to a wide range of powerful customer insights.

The three-year agreement will further Terragon’s work in the marketing technology (MarTech) space, while also driving Microsoft’s ambition to enable digital transformation using the cloud.

Terragon is a leading data and marketing company with a mission to build Africa’s largest and most unique data-powered marketing cloud ecosystem to help businesses on the continent better understand their customers.

The marketing company leverages data and technology to help brands reach, engage, and deliver more meaningful mobile experiences to consumers.

Using cloud-based solutions, Terragon is able to provide its customers with in-depth analytics and insights into customer engagement that better tell the story of the African consumer.

Terragon’s customers include both enterprises and SMBs that cover a range of industries such as fast-moving consumer goods (FMCG), financial services, and consulting services. The company supports brands in the management of first-party data, and improved targeting and segmentation to deliver personalized engagements online and offline.

The partnership with Microsoft will support Terragon’s vision of using innovation to make mobile meaningful while also helping businesses on the continent harness the power of cloud technology.

Speaking on the partnership with Microsoft, Senior Vice President of Data, Infrastructure, and Platforms at Terragon, Chimezie Okonkwo said,

“We evolved into an enterprise solution company in 2018, and since then we’ve worked with a wide spectrum of over 30 multi-national enterprises and 8,000 SMBs, helping them achieve better ROI on their marketing spend and improving customer experience through the power of data-driven marketing.

“This Microsoft partnership is exciting because it validates our mission which has been to build the largest data-powered marketing cloud ecosystem in Africa.  Deploying Microsoft tools and solutions will help us accelerate our goal of adding value to businesses by increasing marketing cost efficiencies, becoming more intelligent in our insights, and delivering more meaningful and personalized engagements to customers on mobile.”

General Manager, Africa Transformation Office at Microsoft, Gerald Maithya emphasized that the collaboration underscores Microsoft’s dedication to fostering sustainable digital growth in Africa.

In his words,

“Working with businesses like Terragon that prioritize cloud-based solutions in their operations and with their own customers better supports the acceleration of digital transformation on the continent. Through our work with Terragon, businesses of all sizes will have access to the latest cloud technologies to achieve their business goals and contribute to Africa’s economic growth and development. This partnership supports our efforts to be the preferred and trusted partner for cloud innovation on the continent.”

About Terragon

Terragon is Africa’s leading data and marketing technology company that leverages data and technology to help Brands intelligently reach, engage, and deliver more meaningful experiences to African consumers on mobile.

Terragon is building a unique and robust cloud-based ecosystem that currently boasts of big global tech companies including Microsoft and AWS, Telco partnerships like MTN and Orange, over 30 multinational enterprises including Nigerian Breweries, Access Bank, UBA, and over 8,000 small and medium-sized businesses.

 About Microsoft

Microsoft enables digital transformation in the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

The opportunity in Africa is immense, but there is a pressing need to adopt digital platforms to accelerate Africa’s economic growth and better enable Africans to participate in the global digital economy.

Through the Africa Transformation Office, Microsoft focuses on four essential development areas – digital infrastructure, skilling, SMEs, and start-ups, supported by strategic partnerships with industry alliances and coalitions, to fuel investment in Africa and further establish the continent’s export of digital services.