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2025

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Business Is Tough In Nigeria – 65 Telecom Firms Collapsed In Few Years

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Vanguard reports that 65 companies telecoms companies have collapsed in Nigeria in the last few years. This was according to the President of the Association of Telecom Companies of Nigeria (ATCON), Titi Omo-Ettu. The President noted the very difficult business environment in the nation which affects productivity and profitability.

 

He also condemned the manner at which Nigerian government and some international bodies use the increasing subscribers’ base in the country, currently in excess of 90 million mobile subscribers as a measure to judge the growth of the sector.

 

The ATCON president then called for serious concerted efforts between government and players in the industry that will help in mitigating possible future challenges, stressing that if this is not done, it may hinder further possible investments to the sector.

 

We commend Titi for speaking out. He has been a vanguard to the industry in all the statements that were credited to the organization. Business is tough in the nation and with generator, there is no way to become profitable when competition is everywhere.

 

Government must have a stakeholders meeting for the industry and evaluate all the possible  roadmaps to help the nation and SMEs flourish in this young ICT  industry. The local players are not competing well not because of talents and skills, but lack of support from the nation.

 

 

Tevci DroidPad Site Revamped – Any Other Nigerian Tab Joining Ovim Plus?

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Tevci is releasing a new tablet into Nigeria; presently on pre-order. It is called DroidPad.  We just noticed that their website has got an extreme makeover. Does it mean that the DroidPad is joing Ovim Plus which just hit stores? Are the local players coming up big to bang?

With DroidPad, Nigeria now has 3 indigenous tablets – Ovim, Inye and DroidPad. Ovim is a product of Fasmicro (our parent company) and Microscale Embedded while Inye is owned by Encipher. Recently these companies are coming with their new versions with Ovim Plus, Ovim MiE and Inye 2.

Yet, Tevci, do you mean this?

 

The Most POWERFUL android tablect pc ever seen in Nigeria. You can’t compare this Android Tablet with any others Tablet PC in Nigeria. Tevci DroidPad is simply the Best

We think Ovim Plus is the Nigeria’s tablet. Ok, we will see. Get it out and let the jury decide which is better. Good luck on your business and nice site also.

So far, we are yet to know when Inye2 will hit stores. DroidPad is on pre-order.   Guys, get the action bubbling and let us give these foreign players a small challenge.

You can read more about Ovim and Inye here.

Mobile Is Now – And The Future. Why Mobile Business Is Attractive

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We do say it – The future is mobile. Yet, many forget that now is mobile. In other words, Now Is Mobile. There is no better time to put money in mobile business than now. Microsoft knew about it and snapped Skype. We are confident that Skype will help Microsoft to reinvigorate in the mobile ecosystem.

 

Many businesses will move to mobile environment and getting there is the beginning of wisdom, not tomorrow, but now. So why do we think that mobile is such a huge thing?

 

Tekedia takes the numbers: mobility is the investment opportunity of this young century. The world has excess of 5 billion subscriptions today with about 4 billion mobile devices sold. This is happening in a breathtaking rate. Think about it – it took the PC industry many years to sell about the billionth PC. There are about one billion PCs in use today.

 

If you benchmark everything on earth, you will appreciate why mobile is moving fast. Even the bank accounts in the world are not running that high in penetration. TV sets in use are not up to one billion. The same applies to credit cards. But we have billions of phones in use and daily, that number is increasing. There seems not to be anything that will disrupt it in the near future.

 

Yet, it is getting better and cheaper daily. There is nothing not to like about mobile.  Mobile business is not cyclical. People get to be talking or communicating all the time. And deals are happening thereby emphasizing the health of this sector.

 

Some notable deals are as follows:

 

  • Ericsson will buy Telcordia Technologies for $1.2b to add more network support
  • Honeywell Int’l o buy EMS Technologies for $49m to add wireless communication equipment for cargo tracking
  • Microsoft spending billions on skype

 

And there are many other deals. The key is Get Into Mobile. The time is now!

Founders Series: Oyelaja Oyekan – The Prayer Man And CEO of OurPrayerBox. He Says, The Business Of Prayer Is Endless

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He surely likes to pray. If not he would not have built a website to help families and friends pray. Oyelaja Oyekan is the CEO of OutPrayerBox – a Lagos startup that has this mission:

 

Our main goal is to create something that would have a high positive impact in the life of it’s users. We believe strongly in faith aggregation and that is what ourprayerbox does. We believe we are on a mission that would have huge impact in the world and for the first time, there is an online platform that brings people together to engage in prayer and share the good work of the lord. Welcome to the start of something new, we hope you find your heart desires using the ourprayerbox platform.

 

We got up with the man of prayer and a graduate of the Babcock University where our Founder is an Adjunct Professor. People, enjoy this discussion as part of our Founders Series.

 

Tell us your name and background
My name is Oyelaja Oyekan, I am a 23 year old software developer from Ijebu-Ode, Ogun state Nigeria. I studied Computer Science at Babcock University. I am the current CEO and founder of Ourprayerbox.

 

Thank you, now introduce us to ourprayerbox and its products and services
Ourprayerbox is a religious social networking community that enables people share prayer points and testimonies with their friends and people from around the world. It is focused on helping people share their prayers and testimonies, find people to pray with, discover what people in their place of worship are praying about, discover what people around the world are praying about and generally improve a users relationship with God using technology. I launched it with Taslim Akerele(CFO), Irabor Okosun(Marketing), Micheal Rhema(Social products) and Tola Balogun(Operations) they are an awesome team.

 

 

Specifically, share with us how this company is doing and what your future plans are
Having launched only three weeks ago, Ourprayerbox has grown significantlly and we are very inspired to take the project to the next level. We have over five hundred users, over a thousand prayers, over a thousand amen said and over ten thousand pageviews already. We’re impressed with the growth which key to shaping the future of the product. Our mission is to seamlessly integrate technology into our user’s religious lives, we’ll be
looking to deploy sms integrations and building a platform that becomes the destination for anybody looking to pray. We hope to make Ourprayerbox just as important as going to church or the mosque is. It’ll be interesting to see what the whole world is praying about at any given time and also what my friends and church or mosque members are praying about.

 

 

You stated that you are working on the User Interface of your site. What do you plan to accomplish?
Yes I take care of the major codebase of the site and the user interface. The main idea behind the interface of Ourprayerbox is to make it as simple, powerful and beautiful as it can be without complicating or jeopardising
the interest of the user. We are working hard round the clock to make sure that Ourprayerbox works and feels like a religious app, we hope to build a system that gives people the power to express their prayers easily and
socially.

 

What are the opportunities for your business line
The oppotunities of building a business around the Ourprayerbox idea are endless and we are currently working on testing out a few of them, but at the momment Ourprayerbox is focused more on growing the user base and the  idea behind the platform. As we see the project as an effort towards humanity and a contribution to the community. But at some point we’ll need to generate revenue to sustain the plat form and it’s services. We are currently working on a line of promoted analytics and statistics features for religious organisations.

 

Tell us the challenges your business is facing
The challenges are quite interesting and they are some really serious problems we are creating construtive approaches towards solving. We’re faced with people believing the project is some sort of scam, some people
are confused about the target audience the platform is meant for and generally faced with technical challenges that come with running a website of this nature.

 

 

Share with us how you are mitigating those challenges
Like I said these challenges are interesting and solving them is even more interesting. We have assembled a quality assurance team that is focused on improving trust from our users and visitors. This team is working closely with our technical team to build better security systems and our social interaction team is developing modules that would focus more on helping a user understand the website upon visit by pulling related content in form of friends and posts from their social networks upon visit to the website. We’re also working with churches and mosques to help drive their audience towards this platform as this promotes and endorses the product among the general public. Our technical team are also constantly evolving the technology behind Ourprayerbox to support our growth. We’re also coming out with a rock solid publicity scheme that would really convince the public about the product.

 

Your message to other founders and entrepreneurs
Find a market and unique problem and be the best at solving it. Think of how you can be different at what you do, how to be better than the competition and dedicate the rest of your life to that purpose.

 

Should you become a LGA chair, Governor or President, tell us how you will
make technology to flourish in your country I’ll invest more in empowering the public to establish themselves
independently. We need more problem solvers and solution providers. It is time we invested more in our intellectual ability and cut down the costs of importing things that could be easily created by the young minds of this great country.

Do You Want To Help Make The Internet Useful Again? – Free Apps To Remember Things

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We like the way they started their hiring pitch: Do you want to be part of making the internet useful again? SpringPad is a new idea in a sea of ideas we see on the web these days. It is simply a better way to remember things with the phone. Yes, an app that helps you remember things.

 

Whether on your computer or from your phone, Springpad is a free app that helps you remember stuff today so you can make better decisions tomorrow. We automatically organize and enhance what you’ve saved to help you be more productive.

 

We’re not just a digital filing cabinet to help you save and organize stuff; we also put your information to work for you even when you’re not around. We’re always on the lookout to save you time and money with essential updates customized for your interests and available when you need them. We’ll alert you to price drops, product availability, deals of the day, news, useful links and other relevant offers for the things that matter to you. It’s like having your own personal assistant.

 

This is how the stuff works:

Springpad gives you a place to quickly and easily save anything you want to remember. Take a note, create a task, scan a product barcode and look up the book your friend mentioned. The best part is that no matter where you are, Springpad is there with you to make sure you don’t forget something worth remembering. Just think it and Spring it, and it’ll be there for you when you need it.

 

 

Springpad is the product of Spring Partners, a team inspired by the opportunity to harness the power of the Internet, data portability, and the rapidly increasing ubiquity of mobile access – all to help simplify people’s lives. The company is located in Boston and venture backed.