At Glasgow COP26 [United Nations Climate Change Conference], global leaders discussed a new contract with earth and our climate. Part of the playbook is to drastically reduce bad emissions. At Transtura, we are already implementing that before the conference. Yes, we want to reduce the number of vehicles on the roads in Nigeria and Africa through an effective category-king transportation service.
Transtura is growing numbers, in triple digits, month-on-month with calls from major cities in Nigeria. We offer many services and we cannot just have enough vehicles to service them. People now leave their cars at home and enjoy nice rides at affordable rates.
So, the team led by Vincent Adeoba has opened a partnership where people can fund buses into Transtura for guaranteed monthly income. Email partners@transtura.com for details. We need immediate 200 buses to meet both cargo and human traffic needs!
This is from one of Africa’s most successful digital trio-entrepreneurs: Obinna, Eze, and Nnazilim. They’ve built things and exited companies to Wakanow, Jobberman, and they do understand how companies grow in Nigeria. You must have seen this video on DStv during a Premiership game, Gulder Ultimate Search or other shows. This is the fastest growing digital bank in Africa. Mintyn | Digital Banking, a Tekedia Capital portfolio company, is here to serve companies, people and everyone.
I ask you to open an account today and experience the future of banking now. Mothers, fathers, sons and daughters, when you get into the app, you can indicate what you want to buy in the Mintyn Trade section. Within hours, they will match you with other people who want to buy the same thing.
If say rice, all of you can pool the funds and buy in bulk. Mintyn Logistics team which has warehouses across major estates in Nigeria will deliver for all to share. With that, if $5 would have given you 5 cups, you can go home with 20 cups due to volume purchase, optimized by tech.
They power many things in the bank – and something so amazing that a good teacher (lol) like me gave them A+++. Visit and open an account https://mintyn.com/ (web, IOS, Android).
African informal workers’ dominants its workforce, say for Nigeria 80% of her workforce are in the informal market. As the African market evolves with the growing success of Fintechs, we can finally bring “micro-pensions” schemes to millions of Africans in the informal market. An ambitious effort to create inclusive and affordable micro-pension schemes, these countries Rwanda, Nigeria, Kenya, Ghana, South Africa, and Uganda are pushing the buttons forward.
They are helping craft inclusive and affordable micro-pension schemes targeting their large informal sector workforce. PenCom, Nigeria regulator is angling to cover 30% of her workforce through the Contributory Pension Scheme (CPS) by 2024. The Micro Pension Scheme could help Africa access a huge pool of capital to drive infrastructure transformation. But we have to move rapidly from the old-school pension plans: hefty fees, high minimum contributions, and needless regulatory penalties and missed payments.
Technology is improving pension access. African firms should take advantage of these fintech disruptions by forging strategic partnerships with technology platforms. Yet we must connect this with quality personal services. Taking the mass market online would remain difficult except data and smartphone prices keep falling drastically. But taking African young people is a possible market and companies should look out for this as it will bring inefficiencies and help firms make sense of the post-Covid19 world.
Enjoying the benefits of tech-enabled pension services would mean African firms can prioritize investment in this new technology. Every African firm should make significant investments in technology as part of its growth strategy driven by a focus on innovation in the pension market as well as efficient and timely support of the informal market through a digital layering of existing informal structures.
Digital layering and digital pensions platforms
We can accelerate pension access through digital pensions platforms which can make services more efficient for informal market members and employers, with the capacity to support an end-to-end, collaborative approach. We believe overlayering extensive online capabilities on informal market structures could help informal traders and workers see their benefits and edit personal data as well as initiating, tracking, or completing processes by ‘Online’. The African informal market is driven by tribal associations, enforcement systems (pressure groups), and a wide network of influence age groups who can bring control and enable the better collection of pensions.
Infusing digital pensions platforms into the African informal market is a brilliant opportunity for digital layering this market. While African firms would realize significant processing savings, going digital by providing this informal market with tools (both digital and others), can help us save time spent chasing informal market workers who are skeptical about pensions.
Digital layering the informal market with pension products allows employers and administrators to collaborate efficiently, quickly solving issues and keeping track of all informal market pension actions with a full audit trail. A simple form collecting trader data enabled by chatbot functions on this trader online member portal will allow them to make simple queries that can be answered quickly and seen by all involved on that group platform. It is simply giving informal workers with basic learning capacity or digital training and tools to self-manage as well as collectively for the whole group.
We can’t automate pensions now for the informal market
Micro-pension is hard. Dealing with the informal market in collecting micro-pension or even enhanced schemes remains hard. But a digital layering of this market with a funnel system that keeps taking data of participants would help us keep fine-tuning micro-pension products and their likes. That must be anchored on a strong focus on governance, risk management, and efficiency, enabling demand for these pension schemes to continue to grow.
Digital layering of this informal market boosted by self-service portals can go hand in hand with improved service levels which can make pension attractive for the informal market. Then we can draw in more robust data insights and we can gradually introduce automation and self-service capabilities which will significantly improve their experience, reduce costs and backlogs. Note that automated processes and workflows can eliminate human error, can also assist in maximizing control of risk, while giving peace of mind around compliance with pension regulations.
A pension scheme with the future in mind
Digital layering the informal market for pension management or collection can help operators make decisions as accurate comprehensive data get funneled into such platforms, reducing the need for human involvement. More data would boost automation capabilities of pension operators, enable informal market customers and their platform managers to adopt an ‘Administration by Exception’ servicing model; where work only goes to a human when something is missing, or the query is complex and requires input from a pension administrator/expert.
It is only normal that the next step is to harness artificial intelligence which can offer us even higher levels of automation at a lower cost. For instance, we can enhance the informal market member experience by using AI chatbots on online member portals to quickly address member questions as our understanding of this market grows in the years ahead.
Finally, there is growing proof that technology platforms make a real difference to how we engage the informal market. Digital solutions can boost pension schemes for informal market members, especially bringing access to this market and importantly crunching the available data to enable us to serve the informal market better. Advances in areas such as artificial and assisted intelligence and improved data analytics can help us expand not only access but deliver prosperity to all. But African pension providers must change the way they think and operate, digital layering the informal market networks patiently could impact their success in a post COVID19 world and beyond.
Written by Caesar Keluro, Co-Founder/CEO, Nanocentric Technologies Limited. He leads ‘Make In West Africa’, a regional Think-tank. He tweets, and on LinkedIn.
At the world’s largest medical equipment conference, Lafiya Telehealth Kiosk has been recognized as the world’s first Cloud Hospital. Besides everything we have added already – from ultrasound scanners to diabetic tests – you have cameras equipped with AI technologies that can make decisions on vital signs and wellness just via images and selfies.
So, you walk into the Kiosk, the camera is activated and we tell you if there are issues. Our vision is that medicine has to improve its marginal cost problem and we are building technologies to make that happen.
One Kiosk is coming to Ovim (Abia state): walk in and you can speak with doctors. As they talk with you, you can use all the equipment in the Kiosk to provide hard data to help the doctors make their scientific miraculous calls. This is the fusion of computational vision, AI, medical practice and data science with solid electronics powering all!
Get Lafiya in your company, construction site, church, mosque, market, town hall, etc because with Lafiya, and via satellite, medical service delivery becomes unbounded by geography. Yes, even if there are no doctors in that village, through us, you will have access to anywhere they are. Lafiya is a Tekedia Capital portfolio startup, based in Texas, USA.
Any hardwork it would take for me to ring a special bell in London, or New York, or Lagos, let’s do it. And I promise that on that one, I will not have a no-show. Well done people – Lafiya Telehealth for the world. We originally engineered it with Africa in mind. But rural America came calling. They’re all markets and we’re open for business https://www.lafiyatelehealth.com/#/contact
On 25th January 2019, the Nigerian Electricity Management Services Agency (NEMSA) graciously commissioned a remodelled electricity lab in Ijora, Lagos State to aid further testing cum confirmation of the commercial viability of the gadgets used by Generating Companies (GenCos), Transmission Company of Nigeria (TCN) and Distribution Companies (DisCos), virtually on a daily basis.
Is there anyone who’s domiciled in Nigeria that’s yet to realize what the country has overtime been passing through as regards electricity supply? The apt response to the candid enquiry ought to be ‘No’.
It’s not anymore news that Nigerians in their entirety have hitherto been experiencing untold hardship when it calls for electricity across the nooks and crannies of the acclaimed giant of Africa.
Aside the fact that the Nigerian State cannot boast of a steady power supply, it’s noteworthy that even the available one is densely characterized by myriad of irregularities alongside poor service delivery by the authorities in charge of the said public utility.
This could be one of the reasons that resulted in the creation of the NEMSA, the government authority that sees to the day-to-day standardization of power supply and other related technical issues across the Nigerian federation.
NEMSA was established to carry out the functions of enforcement of technical standards and regulations, inspection, testing and certification of all categories of electrical installations, meters and instruments, to ensure efficient production cum delivery of safe, reliable and sustainable power supply as well as guarantee safety of lives and property in the Nigerian electricity supply industry coupled with allied matters.
The regular supply of power in any locality around the globe is characterized by three major segments, namely: generation, transmission and distribution. In each of these segments, it’s worth noting that different gadgets or machines are being utilized towards enabling effective and efficient services.
To guarantee apt functionality of these technical materials, an electricity laboratory, or otherwise known as ‘electricity lab’, is needed in the process by the relevant authorities. It’s the said lab that would assure the genuineness and adequacy of the gadgets before they are duly installed in the localities where they are required.
Similarly, whenever any of the instruments broke down or malfunctioned, the lab in question is being used to run some needed tests, or technical diagnoses, to ascertain what is/are actually wrong with them as well as map out strategies on how best the anomalies could be addressed. After the needed ‘diagnosis’, and due corrections afterwards, the equipment would further be installed for onward usage.
It was perhaps the keen quest for such a well-equipped testing unit that informed the practical gesture displayed by NEMSA on the aforementioned date. This piece is, however, necessitated by the need to realize how far the said Electricity Lab has fared two years after it was established.
It’s noteworthy that commissioning of the upgraded ‘Chemical and Engineering Laboratory’ received tremendous accolades from numerous stakeholders in the power sector within and outside Nigeria.
In his words, the then Minister of Power, Works and Housing, Mr. Babatunde Fashola who was physically present at the epochal occasion, commended the leadership of the NEMSA for adhering to safety compliance and enhancing the growth of the industry.
He elatedly stated “This is now an upgraded and properly fitted laboratory to help the agency in enforcing compliance in the power sector. This will also make them do their jobs effectively now that they have tools. We hope there will be improvement in all the operators’ compliance conducts”.
In his remarks, the Managing Director of the NEMSA, Mr. Peter Ewesor proudly disclosed that the remodelling of the lab would help the agency to curb substandard equipment in the power sector.
He said “The facility is a specialized analytical laboratory for inspection, sampling, testing and analysis services for transformer insulating and lubricating oils. Others include greases of various grades, turbine oil, and hydraulic oil, used in the Nigerian Electricity Supply Industry (NESI) and allied industries as well as potable and effluent water resources.”
Mr. Ewesor, a chartered engineer and equally the Chief Electrical Inspector of the Federation, further revealed “This laboratory has been operating as a reference quality control laboratory for the entire power industry since the era of the defunct NEPA and PHCN, and now in the post-privatization era when NEMSA took it over in a dilapidated state in 2014. NEMSA, in realization of its key role in furthering its mandate as enshrined in NEMSA Act-2015, embarked on the upgrading and remodelling of the laboratory to provide accurate tests and analyses.”
He added that the electricity lab was equipped with a wide range of world-class test equipment, instruments and devices, including Dissolved Gas Analyzer (DGA) – a diagnostic machine. According to the boss, it equally contains equipment for detecting, identifying and evaluating incipient faults within transformers and reactors, such as Dielectric Strength Tester (DST) to determine oil viscosity.
At the time, I stated that NEMSA may had done novel by thinking it wise to come up with the milestone, but was rather bothered over a certain cankerworm that has overtime bedevilled the Nigeria’s system, which was and remained sustainability syndrome. The country’s sustenance culture has unabated colossally deteriorated that it has eaten deep into her blood stream.
It’s on this premise I urged the leadership of the NEMSA to ensure the lab was secured and safeguarded at all cost, so that, it would thoroughly succeed in actualizing the core motives for which it was established or upgraded.
I therefore advised that the authority must be prepared to fish out saboteurs in their midst having been proven that in any clime or entity, there must be a Judas, thus the NEMSA wouldn’t be an exception. I actually meant that the unpatriotic Nigerians or unscrupulous elements found in the agency needed to be shown the way out without much ado if its management was truly ready to soar beyond expectations.
The power story in Nigeria still remains the same in various quarters across the country in spite of all efforts put together by various relevant authorities, hence the need for the NEMSA to step up actions in doing the needful.
More so, as the concerned authorities strive towards improving power supply across the federation, the NEMSA alongside the Nigerian Electricity Regulatory Commission (NERC), needs to become more proactive in their day-to-day bid to monitor the activities of the GenCos, TCN and DisCos by respectively setting up mobile technical teams in different part of the country.
There ought to equally be a daily routine to checkmate the activity of the men at the field towards averting or curtailing series of prangs being played by them while at work. This measure will go a long way in sustaining the adequacy of the installed gadgets at different localities.
Two years after we celebrated the emergence of the milestone, let the NEMSA be reminded that the teeming Nigerians are still variously suffering from an untold hardship in the hands of the stakeholders that are meant to serve and protect them.
