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MTN Launches 5G Network In Nigeria, Offers Subscribers Instant Access To Things They Care About

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Multinational Mobile telecommunications company MTN Nigeria has officially launched the 5G network commonly called the fifth-generation company in Nigeria.

This makes Nigeria the third country in Africa to launch the 5G network, after Kenya and South Africa.

The telecommunications company began the

launch of its commercial 5G network in Lagos state, with plans to launch the network in six other cities which are; Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.

According to MTN’s 2022 half-year report, 127 5G sites have been set up in preparation for the 5G launch. The company plans to have nationwide 5G coverage by 2025, subsequently rolling out this technology in phases.

During the launch of the 5G technology, CEO of MTN Nigeria, Karl Toriola, while speaking disclosed that the company’s newly launched technology will change everything, by enabling effective collaboration among people.

Also stating that through its numerous possibilities, the technology promises to change communication forever.

In his words; “Every major technological evolution changes the way we live, the way we connect; changes what is possible. GSM took phone calls on the road, 2G added texting to our experience (and created a whole new language), 3G brought the internet to our phones, and 4G made video widely available on mobiles. 5G will change everything.

“It will allow us to connect, create, collaborate, and compete in ways we cannot imagine yet. Today we will show you a glimpse of the many possibilities 5G has in store. What is most important is what you and every Nigerian can create with it.”

The advanced 5G technology promises to extend the reach and capacity of MTN Nigeria’s data network in Nigeria and enable much faster speeds and lower latency, giving customers near-instant access to the things they care about and downloads that take seconds, instead of minutes.

MTN however disclosed that for subscribers to enjoy the 5G network, they would need compatible devices, such as routers and mobile phones, which can be pre-ordered from designated MTN walk-in stores and online via the MTN Nigeria website and e-marketplace. The pre-ordered devices could be picked up or would be delivered to customers at designated locations.

MTN is the first telecom operator in Nigeria to launch the 5G technology, as the network has always shown readiness to offer subscribers the best of service.

The rollout of 5G technology was expected to accelerate the actualization of the national targets in the Nigerian National Broadband Plan, the National Digital Economy Policy and Strategy, as well as other sectoral policies designed to enhance Nigeria’s digital transformation.

With MTN’s launch of the 5G technology, Nigeria joins a handful of African countries that have rolled out the 5G network.

Clickatell Partners With CBN To Launch A USSD Channel For eNaira

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Clickatell, a cpaas innovator and chat commerce leader that enables businesses to connect with their customers, has partnered with the central bank of Nigeria (CBN), to offer fast, simple and cost-effective eNaira banking services to Nigerians using the USSD code.

After the Central bank of Nigeria (CBN) launched the eNaira in October 2021, with the goal of advancing the boundaries of payments system to make financial transactions easy and seamless. Ten months after the launch, the CBN proceeded to unveil the USSD code for the country’s digital currency which is *997#.

Recently, Clickatell collaborated with the CBN to launch a USSD channel for the eNaira, as part of the Apex bank goal to make basic banking accessible to all Nigerians, and ultimately deepen financial inclusion.

This USSD code will deepen financial inclusion by giving a large percentage of Nigerians, many of whom do not have smartphones, access to unlimited opportunities through financial services that do not require mobile data.

This decision by the CBN is no doubt based on an understanding of the low financial inclusion in Nigeria, and the unique features of the Nigerian economy.

Clickatell Commercial Director, West Africa, Uzo Nwani disclosed that Clickatell’s role in making this a reality has been one of the most important achievements of the firm’s engagements in Nigeria, and he strongly believes that the introduction of the eNaira USSD code will also enable unbanked Nigerians to have access to cashless banking services.

In his words; “Introducing the USSD short code allows non-banked Nigerians, many of whom do not have smartphones, to access cashless banking services and is a big win for the stated goals of delivering meaningful financial inclusion.

“Our Chat Flow product provides a strong platform to support rapid innovation. Digital currencies provide measurable customer benefits, including lower costs and a simple user experience, and adding new innovative features over time will definitely attract more customers.

“There is no question that CBN has set the benchmark when it comes to financial inclusion in Africa, and we look forward to being a part of that journey.

“Clickatell’s role in making this a reality has been one of the most important achievements of our engagements in Nigeria.”

Also commenting on the launch of the USSD code is the CBN Deputy Governor Economic Policy, Dr. Kingsley Obiora who said,

The USSD channel is a vital part of our journey towards realising our financial inclusion vision. We see the eNaira as a leap forward in the evolution of money.

“Thus, CBN is working with partners who are committed to taking advantage of this new technology for continuous innovation towards delivering exciting new features.”

Despite the increase in the penetration of smartphones in Nigeria, only 44% of the population have access to smartphones. The majority of mobile users in the country are still using feature phones which only offer basic phone functions like voice calling and text messaging.

The CBN launch of the eNaira’s USSD code will no doubt rapid inroads towards getting most of the 30% of unbanked Nigerians into the formal banking system.     

As part of its efforts, the CBN is working hard to boost awareness and education around the new digital currency and has offered an incentive of 200eNGN airtime for the first 100,000 users to onboard using the eNaira USSD feature.

Behind the Numbers as Nigeria Falls Out of World Education Forum Top 10 in Africa

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First, I hope the government will not attack the World Education Forum for producing a report where Nigeria did not make the top 10 countries in Africa in the educational system. Yes, we have that attitude to dismiss any data that we do not like. The fact is self-evident: Nigeria is underperforming across all layers of our educational system.

When I was in secondary school (Secondary Technical School Ovim), it was common for the principal to address us, telling us that some of our math and science teachers would be going to other African countries to deepen their STEM capacities.

My Further Mathematics teacher (Mr. I. Ukene) made two trips to Namibia and Botswana. But recently, it does seem like these countries are the ones that may be sending support to us. Nigeria has missed the top 10 spots in the latest World Economic Forum educational system ranking for Africa; Seychelles was #1 while Namibia is #10 (full list on click).

Yet, this ranking is not balanced. I bring the same argument when you see Norway and many Scandinavian nations ranking top in primary and secondary educational systems, well ahead of the United States. Those nations are monolithic unlike the US with its massive diversity and history. By the time you average high performing and low performing districts in the US, it looks ordinary. But do not be confused by that ranking. Rather, be worried that many are left behind even when it does produce the absolute best.

That takes me back to Nigeria. According to NBS data, Imo State has a literacy rate of 96.43% while Yobe is at 7.23%. If you average both, Nigeria looks bad, but that does not mean that Nigeria does not have excellence. So, ranking, even by WEF, is not the full story. Of course, we need to do more for all to rise!

https://www.tekedia.com/nigeria-missing-in-world-economic-forum-2022-top-10-african-countries-with-best-education-system/

Nigeria Missing in World Education Forum 2022 Top 10 African Countries with Best Education System

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Nigeria, Africa’s largest economy and most populous nation, has a history of poor education system. From elementary to higher education, Nigeria has been bedeviled by academic underperformance attributed to many factors led by underfunding.

This has resulted in the country yearly losing its place in global education ranking. In the 2022 World Education Forum’s ranking involving 140 countries, including 38 African countries, Nigerian education system failed to find a place among the top 10 in Africa.

The ranking, which used the overall level of labor competence as well as the amount and quality of schooling in each country assessed as its criteria, found Nigeria wanting in all necessary factors considered, including digital literacy, interpersonal skills, and the capacity to think critically and creatively.

However, while Nigeria keeps lagging behind, other African countries are stepping up. According to the 2021 data published by the World Education Forum reported by Insider Africa, these are the top 10 African countries with the best education system.

  1. Seychelles

An Island country in East Africa with a population of 98,347 people, Seychelles is the first and only African country to fully accomplish UNESCO’s “education for all” aim. The country’s educational system is also the only one in Africa to be ranked among the top 50 systems in the world, placing 43rd overall, ahead of Ukraine, Hungary, Russia, and the United Arab Emirates. It holds the position for the best education system in Africa, with 69.3 points.

  1. Tunisia

The Tunisian educational system ranks 71st among the best worldwide, with a 61.4 points rate of excellence. This country has invested 20% of its national budget into the educational sector and ranks 49th position for School life expectancy and 51st for Pupil-to-teacher ratio in primary education.

  1. Mauritius

This country is rated the 3rd best in Africa with 61 points in the educational system and ranks 74th in the global education system. Schooling in Mauritius is compulsory up to the age of 16. The country is also ranked 47th in the world in vocational training because of its reputation for providing high-quality programs.

  1. South Africa

The literacy rate in South Africa is 94 per cent. This country is rated the 4th best country in Africa in educational development with 58.4 points. It also holds the 84th position in the global education system.

  1. Algeria

Algeria is the second country with the best education system in North Africa. It is the 5th best in Africa with 57.4 points, and the literacy rate in the country is 75%.

  1. Botswana

Botswana holds the 6th position in Africa with a score of 56.7 points. It is also rated the 92nd best country in the Global education system. With a population of 2.3 million, the literacy rate in Botswana is 88%.

  1. Kenya

Kenya ranks 7th in Africa with 55.4 points and is rated the 95th best country in the world, with a 78.7% literacy rate. It is estimated that the Kenyan government invests 17.58% of its budget in the educational sector.

  1. Cape-Verde

Cape Verde ranks 98th in the global education system and number 8th in Africa, with 53.3 points.

  1. Egypt

Egypt is ranked 9th in Africa with 52.8 points. The country is also rated the 99th best country in the world, with the rate of 71% literacy rate.

  1. Namibia

Namibia has a population of 2.34 million, and the country is ranked 100th in the global education system and 10th in Africa, with a score of 52.7 points. The literacy rate in Namibia is 88.2%.

It is baffling that these countries with lower economic power than Nigeria have shown more commitment to improve their education system while Nigeria is still wallowing in lackluster.

Industrial actions have characterized Nigeria’s education system. Currently, Nigerian public universities are on strike over the government’s inability to meet the demands of the Academic Staff Union of Universities (ASUU).

The strike action, which has lingered for more than seven months now and has paralyzed academic activities in the universities, has no hope of being called off soon as talks between the ASUU and the federal government have repeatedly failed.

Part of ASUU’s demand is N1.2 trillion funding. The union said the fund is needed to revitalize Nigeria’s poor public university system, updating its obsolete curriculum that does no longer meet modern education standard.

TAP, a Tekedia Capital Portfolio, Raises $3M for Continental Expansion

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First, they refused to raise money. I met them when they were processing about $10,000 per month. Today, the number runs into millions of dollars, servicing 2.3 million customers.

Touch and Pay (TAP), a Tekedia Capital portfolio startup, just raised $3 million. This fund will help expansion in other African countries; Senegal and Ghana will kickstart that big dance.

TAP, a YC startup, is the leader on microtransactions payment in Africa, making it possible to achieve revenue assurance even on transactions as low as 50 cents: “Today there are two types of transactions in Africa, firstly macro ones like buying a car or house, or payment of tuition, These transactions have been digitised and are processed electronically,” he said. 

“But the other type of transactions are micro-transactions, like payment of transportation fares, getting snacks or a cup of coffee, or buying groceries. These are all cash-based and they account for 70 percent of all daily transactions in Nigeria today.”

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Nigerian fintech startup Touch and Pay is planning expansion into a number of other African markets after securing a seed funding round worth US$3 million.

Founded in 2019, Touch and Pay has developed a suite of near field communication (NFC) based payment solutions for all sorts of situations. Co-founder Michael Oluwole said the startup was trying to move towards a truly cashless society.

“Today there are two types of transactions in Africa, firstly macro ones like buying a car or house, or payment of tuition, These transactions have been digitised and are processed electronically,” he said.

“But the other type of transactions are micro-transactions, like payment of transportation fares, getting snacks or a cup of coffee, or buying groceries. These are all cash-based and they account for 70 per cent of all daily transactions in Nigeria today.”

Even those that have bank accounts, therefore, still have to withdraw cash to perform these microtransactions.

Comment on LinkedIn Feed

Comment: Good ?. Am wondering though….just raised $3m to expand into two countries in Africa. And they are already the leader in microtransactions in Africa?

My Response: We have looked at all the companies in Africa and none processes more microtransactions (note microtransactions) than TAP. Even though it is Nigeria, since no one is processing more than it, it is the leader in Africa. Also, raising $3m is by choice.

They would have raised $30m but as I noted, these guys NEVER want to raise money. It took a lot to get them to raise. Why? They generate really great free cashflow. I do not use money raised as a metric for success. We use real data and one is 2.3 million customers within 3 years!