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ICT Contributed 17.83% In Q2 To Nigeria’s GDP-Pantami

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The Information and Communication Technology (ICT) sector contributed 17.83 per cent to Nigeria’s National Gross Domestic Product (GDP) in the second quarter (Q2) of 2020, the minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, has said.

Pantami, who quoted the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2020 released by the National Bureau of Statistics (NBS), said the sector was very pleased to hear of the growth of ICT’s contribution to the nation’s GDP, saying the report has shown how critical the ICT sector is to the growth of our country’s digital economy and, by extension, the general economy.

According to the NBS, “Nigeria’s GDP decreased by –6.10 per cent (year-on-year) in real terms in the second quarter of 2020, largely attributable to significantly lower levels of both domestic and international economic activity during the quarter, which resulted from nationwide shutdown efforts aimed at containing the COVID-19 pandemic. The non-oil sector contributed 91.07 per cent to the nation’s GDP in Q2 2020 as opposed to the 8.93 per cent contributed to total real GDP by the oil sector.

“It is worthy of note that the ICT sector contributed 17.83 per cent to the total real GDP in Q2 2020, 20.54 per cent higher than its contribution a year earlier and in the preceding quarter, in which it accounted for 14.07 per cent. This contribution is unprecedented,” he said.

Pantami noted the growing contribution of the ICT sector to the GDP was a direct result of the focused and committed effort of the administration of President Muhammadu Buhari, saying the strategic policy directions of the federal government include the inclusion of digital economy in the mandate of the Ministry, the unveiling and implementation of the National Digital Economy Policy and Strategy and the National Broadband Plan, amongst others.

He added that as at July 2020, the broadband penetration in the country was 42.02 per cent, translating to a percentage increase of almost double digits in less than one year, stating it is another remarkable achievement.

Pantami in a statement by his technical assistant on Information Technology (IT), Dr Femi Adeluyi, said the unprecedented contribution of ICT to Nigeria’s GDP can also be attributed to dynamic and results-oriented leadership which has been acknowledged and appreciated by a wide spectrum of the stakeholders in the sector.

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Technology

MTN Nigeria and Microsoft Launch Cloud Data Hosting Solutions

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MTN Nigeria has announced a strategic partnership with Microsoft, providing advanced data hosting solutions and Microsoft Business Licenses to small and medium enterprises. This development is in line with the company’s commitment to accelerate the digitalisation of businesses, leveraging robust and reliable connectivity, in Nigeria.

This collaboration leverages Microsoft’s Azure Cloud platform to offer customers a comprehensive suite of services, blending flexibility, scalability, and security. This includes Virtual Machine (VM) Hosting, which enables the instant generation of virtual machines to address specific workload requirements, and Azure Virtual Desktop, (formerly known as Windows Virtual Desktop).Azure Virtual Desktop brings added value by providing tailored features for enterprise environments and Azure Backup that stands out as a key offering, addressing critical data protection needs in today’s cybersecurity landscape.

Also included is Microsoft Business Licenses, integrated with Office applications, and offering a range of benefits for businesses. This comprehensive solution includes efficient employee management for a limitless number of employees, personalised custom business email addresses, a mobile-ready Office suite for seamless productivity on the web and across multiple devices, and a unified communication platform using Microsoft Teams for effective collaboration through chat, calls, and video conferences.

Commenting on the solutions, Lynda Saint-Nwafor, Chief Enterprise Business Officer, MTN Nigeria, noted, “This collaboration enables organisations of all sizes, from large enterprises to small businesses and public sector organisations, to scale efficiently, optimise infrastructure, and meet performance objectives within budget. In today’s digital era, cloud solutions are not just a luxury but a necessity. Leveraging the resilience and backup strategies of Microsoft Business Licenses and Azure Cloud platform alongside MTN’s infrastructure ensures uninterrupted operations and propels growth for our diverse range of customers.”

Our partnership with Microsoft seamlessly integrates their services with MTN’s robust infrastructure and reliable data network to handle workload and digital applications, aimed at driving progress and success for all the customer segments we serve,” she added.

At Microsoft, we believe in driving innovation through strategic partnerships,” stated Ola Williams, Country Manager, Microsoft Nigeria, and Ghana. “Our collaboration with MTN Nigeria represents our commitment to empowering businesses with scalable and secure cloud solutions that enable growth and resilience in today’s digital economy.”

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Technology

Tijani, Maida Sign MoU with Nokia on 4G/5G Training of Youths

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The Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijanni, the Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, have signed a Memorandum of Understanding (MoU) with Nokia Solutions and Networks Nigeria, to train young Nigerians on latest 4G/ 5G radio and transmission technologies at the Nigerian Communications Commission’s Digital Parks. 

Nokia Nigeria would be setting up a fully functional 5G/4G test lab, leveraging their latest radio and transmission technologies. This collaboration advances the vision to enhance the capacity and skills-set of Nigerians, by equipping them with contemporary skills and knowledge needed to adapt to the rapidly evolving telecommunications industry. 

In tune with the Ministry of Communications, Innovation and Digital Economy’s goal to drive digital literacy and build a pipeline of technical talents across Nigeria, Nokia Nigeria would also set up an Entrepreneur Learning Programme where it would deliver high-quality vocational trainings to 200 Nigerian students chosen from across the six geo political zones of Nigeria.

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SES Agrees Acquire Intelsat for $3.1bn

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Satellite company SES has agreed to buy Intelsat Holdings for $3.1 billion in a deal that would create a major European player but raised investor concerns around debt, sending the buyer’s shares to a record low.

European satellite companies have been looking to consolidate to better compete with the likes of Elon Musk’s Space X-owned Starlink, and Amazon’s Project Kuiper. While a move to gain scale was welcomed by analysts, concerns it might not do much to close the gap with U.S. rivals, while saddling SES with debt, sent its Paris-listed shares down as much as 12% to 4.36 euros, its lowest price ever.

The new company would have a fleet of more than 100 geostationary Earth orbit (GEO) and 26 medium Earth orbit (MEO) satellites, the two companies said in a statement. The deal, unanimously approved by the two companies’ boards, should close in the second half of 2025 and will be financed by cash and new debt, including hybrid bonds, the companies said.

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