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How to make Nigerian Internet Business Profitable

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First, the key is offering service. Do not be overly fixated on profitability. Find a niche area – a problem – many people have not addressed and try to solve it. Just focus on addressing that issue and forget for a while the profit aspect.

 

While solving that societal problem or meeting the need of the society, keep your eye on how you can be sustainable. But let the driving force be anchored on meeting the needs. Do not lose that vision, otherwise, you will not find success.

 

Internet is a huge opportunity. It is truly a platform for business and you must not ignore it. It gives us the access to tap the world and build wealth doing it. Anyone anywhere can see your products and services.

 

As you build your site or web presence,  never forget your target audience. In other words, who are the people you want to address their needs? How wealthy are there? Are they educated in your offering? How can you connect with them online since all they read there  will tell them about the products and services. While you have the second chance to re-explain yourself in person, in online, that may not work out easily. Of course, an online feedback mechanism can help in that. Communication must exist and that must be two-way.

 

So finding a way to connect to your audience will help you become successful in Internet business.

 

For Nigeria, the biggest challenge is payment system. How are you going to get them to actually make purchase? Now they have read the good products and services you are offering to solve their needs, how can they get them? You have to evaluate the bank option, office visit option and using Interswitch payment system.

 

Yet, paying thousands of naira to Interswitch to have them collect few hundreds in a year may not be a good idea. Your business must be strong and growing before you make those kinds of investments unless you have a lot of funding.

 

But remember, Nigeria is a tough place for business. You need to be adaptive and persevere when things seem to not be looking fine. That means if the original Internet idea is not working, be open to try plan B.

 

All in all, it will take a lot of money to run a web business in Nigeria. You probably need at at least a million naira because you need security of your site, the payment system and then the expensive data plan in Nigeria to go online. Think through and see if there are people that will buy those services. If you see then, then go for it.

 

Alternatively, it is happening in Kenya right now, you can brand your products internationally and get someone in US to help you collect the money. There are companies that are emerging for such needs in US. The truth is that your product may not appeal to Nigeria alone, it can have international value. You must have that vision and execute accordingly.

 

Good luck with your internet busiess.

 

The 8th Annual West & Central Africa Com Returns to Senegal – June 14/15

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The West & Central Africa Com 2 day conference agenda addresses the hottest topics facing operators, service providers, regulators and vendors operating in or looking to enter West & Central Africa. Constructed in consultation with the market, the conference agenda is delivered using a series of C-Level roundtables, interviews, presentations, case studies and question and answer panel sessions.

 

Gain unique market perspectives and insights from a 40 strong speaker-line up including 25+ Operator leaders. The 2 day agenda equips you to capitalise on new networks and services, while the 50 stand networking exhibition will showcase the world’s foremost technology and solutions available for your business. If you do telecoms business in the region, this is an event you cannot afford to miss!

 

Hot topics To Be Discussed

  • Operators’ Strategies in West & Central Africa
  • Networks & Infrastructure
  • Value Added Services
  • Special Country Focus: Senegal
  • Rural Telecoms
  • Forecasting Future Trends in West & Central Africa’s Telecommunications Markets

 

Date : June 1 -16

 

Le Meridien President
Pointe des Almadies, BP 8181
Dakar, Senegal
Phone: (221)(33) 8696969

Tekedia Preliminary Review of Google Chromebook

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We have a copy of the Google Chromebook.  It is the Samsung Series 5 Chromebook. The first thing is that there is no desktop. It is browser-top. It uses Chrome web browser and of course the OS is Chrome. This is nothing but a thin client or zero client where they make you to emulate your screen while your data is resident in a server somewhere. A Google staffer who has one gave it to us last night to play with. We will buy one from Amazon tomorrow when it officially releases.

 

It has all the usual features in a typical notebook- the display, the battery, Atom processor and 2GB Memory with SSD of 16GB.

 

According to Google, Chromebooks are built and optimized for the web, where you already spend most of your computing time. So you get a faster, simpler and more secure experience without all the headaches of ordinary computers.

 

To us, this is a notebook without the usual hard drive.  They want you to migrate from the standalone PC to something that is connected in a cloud with all storage services in the cloud.

 

True, Chrome books up in 8 seconds. It ramps up to the web either through Wi-Fi or 3G. The cool stuff is that the images look sharp. All data is in the cloud. No HDD. You need to get use to this monster because all those My Computer are history. We like the 12.1 inch LCD. It looks very nice.  Setting it at 1280 by 800, the stuff comes out cleanly and nice.

 

We are working on a full post which will be up this weekend when we can spend more time with Chromebook. We are getting one.  Time was not enough to get all the facts, but the coolest part of this machine is that it is up in 8 seconds. That is the innovation.

 

The major weakness we have seen in Chromebook is the fact that developing nations could suffer. Most of the applications need Internet connection. Maybe Google has to figure out a way to make them tank when not online.

 

No judgement and over the weekend we will compare Chromebook with PC. Check Tekedia over the weekend and you will see Tekedia Chromebook in action.

Nigeria 2011 S&T Budget Is Less Than Microsoft R&D Weekly Tab. A Senator Spends Monthly What Some Agencies Spend Annually

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We will be analyzing the science and technology budget of the Federal Ministry of Science and Technology.  The budget is available here:

 

People, we are still far below. What Microsoft spends on R&D in a week covers what Nigeria budgets for the science and technology ministry.At around $9.5 billion, Microsoft puts more than in N1 trillion in R&D. One percent of that is about N10 billion. Alternatively, look at it from weekly R&D money. Let us say $19 billion per  week for Microsoft – that is what the numbers work out to be. The total budget in the S&T Nigeria is not up to that weekly figure.

 

It is just unfortunate. We will be looking at the numbers closely and telling you what we expect in the agencies. The money is small because the salaries are eating the figures. Tekedia is at work and we are looking at them..

 

Key immediate numbers are:

NATIONAL INFORMATION TECHNOLOGY DEVELOPMENT AGENCY (NITDA) gets only N6.5m for total capital

 

The big guy is NATIONAL SPACE RESEARCH AND DEVELOPMENT AGENCY – ABUJA which gets N730,165,405 for capital cost

 

But you know what? One Senator spends, monthly, what some of these agencies spend in year. Who is deceiving who?

Power Dissipation and Interconnect Roadmap

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Since the invention of integrated circuits by Jack Kilby few decades ago, the number of transistors in a die has continuously doubled every 24 months. This is the famous Moore’s law, which is still relevant today. Sustaining this trend has been fuelled by the abilities of the chip designers to cramp more transistors together. As noted above, it has made the designs denser but has introduced problems like power dissipations and interconnects noise. From many indications, the CMOS technology remains the most elegant technology for making chips owing to its low power static dissipation and ease of integration when compared with technology like bipolar junction transistors (BJT). This implies that it would be in use in the foreseeable future and battling the associated problems provides a huge challenge to the stakeholders.

 

State of the art CMOS technologies are well below 100-nanometer transistor feature size. Products made based on 65-nanometer process have already hit the market. 45-nanometer and 32-nanometer CMOS processes are expected before 2008 and 2010 respectively. This ambitious strategy of transistor miniaturization translates to making interconnects that are thinner as well as scaling the system supply power.

 

To make these systems appealing to the customers, there are tight budgets in power consumption and other parameters. For instance, the ITRS (2005) forecasts an allowable maximum power for battery (low cost/handheld) operated systems of 2.8W in 2005 to only 3W in 2020 [This is a very tight budget considering the expected advancements and complexities in these systems].

 

Within this period, the power supply for high performance systems is expected to scale down by 36% while the allowable maximum power for high performance (with heatsink) devices will increase by only 19%. The underlining consequence of this scaling would be more dominant short channel effects (SCE) and gate leakage current partly due to shorter features sizes and thinner gate oxide thickness respectively. Besides, problems associated with controlling the threshold voltage as a result of non-uniform doping as technology scales will be a major issue.

 

Similarly, the effect of feature size reduction affects the interconnect performance. The decrease in interconnection width and thickness increases resistance while smaller spacing progressively increases the circuit capacitance. This increase in resistance and capacitance are not desirable in the chip wires. These effects have resulted to increased role of interconnect in integrated circuit design and development. As the fringing field component of wire capacitance does not vary with feature size, when the three wire dimensions are scaled by the same scaling factor, the interconnect delay is not affected. But in reality, the scalings of the wire dimensions are not unified by the same scale factor.

 

Furthermore, by packing more circuits on a single die made possible by the smaller sizes of the transistors, the numbers of long interconnections are significantly increased. The resulting effect is that the interconnect delay grows bigger and even more than the gate delay of the transistor. With continuous reduction in the feature size, interconnect noise and delay will continue to be a major issue. Aluminum, once the main material for interconnect has long been replaced by copper, which has a lower resistivity. But with time, the performance of copper/low-k interconnects will become inadequate to meet the speed and power dissipation goals of highly scaled ICs.

 

So what is the future? The ITRS proposes an early availability of high-k gate dielectrics in order to meet the stringent gate leakage especially in low power devices. It also stated that development of low dielectric constant (low-?) material together with low-resistivity metal system would become critical for signal propagation delay reduction. Nonetheless, it acknowledges that accessing the road map is a ‘red brick’, i.e. ‘no known solution’ at least within this decade. In many instances, nanotechnology has been projected to supersede CMOS technology unless the challenges are overcome.

 

Notwithstanding, the challenges of interconnect and power dissipation calls for new system architecture, new materials and innovative optimization tools that would help to accurately model the complex relationships that exist in the system at nanometer regime. The chip makers have vigorously used new materials to reduce interconnect capacitance ( eg, Intel has used low-k carbon doped oxide dielectric to obtain lower interconnect capacitance) in their newer processes. Aggressive new trends would certainly emerge in the future if the demise of Moore’s law should be delayed