Mrs Ibukun Odusote, Permanent Secretary, Ecology Fund Office in the Presidency, last Friday called for mass enlightenment of Nigerians on the potential of the internet.
Odutose, a former Director of Information Technology Department in the Federal Ministry of Information and Communications, made the call in Lagos at the Nigeria Digital Sense Forum 2010.
The Forum with the theme: “Five Years of Internet Governance Forum: the Way Forward for Nigeria”, was organised by Digital Sense Africa (DSA) in collaboration with the Nigerian Communications Commission (NCC).
She said that more awareness about the potential of the internet and the proper use of the knowledge by Nigerians would enable the country to make headway on internet governance.
The Permanent Secretary said that the World Summit on Information Society (WSIS) was encouraging countries to create more awareness on the potential of ICT in facilitating growth.
According to her, Nigeria should start the enlightenment from schools since the country is suffering from years of neglect of its educational system.
Odusote advised that Nigeria should also develop strategies to combat cyber crimes.
“Cybercrime is causing us a lot of embarrassment, especially when we go outside the country for international events. Many of the Internet Protocol (IP) carrying these fraudulent messages are from Nigeria,’’ she said.
Mrs Nkemdirim Nweke, Executive Director of DSA, said that the Nigeria Digital Sense Forum would be an annual event to act as a rallying point for stakeholders.
She said that the forum would raise and address salient issues concerning the ICT sector.
Nweke said that the internet was becoming a routine of the daily life and a veritable tool for businesses, communication and social networking.
“Therefore, DSA wants to use this opportunity to applaud the nation’s judiciary on the recent court ruling on the sale of 2.3GHz spectrum.
“For us, it is a welcome development, a victory for democracy and a way forward for growth of the telecoms sector and the economy in general as the future lies on the internet,’’ she said.
NSE Begins Week On Negative Note, Loses N19.49bn
The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss.
At the end of trading on the floor of the Nigerian Exchange Limited , the NGX All-Share Index dropped by 0.09 per cent to end at 43,270.94 basis points, while the market capitalisation declined to N22.58tn.
Market activities were mixed as the total volume of shares traded decreased by 30.19 per cent while the value traded rose by 34.05 per cent.
A total of 213.13 million shares valued at N2.36bn were exchanged in 4,105 deals, compared to 305.32 million shares worth N3.58bn in 4,450 deals last Friday.
FCMB Group Plc topped the traded stocks in terms of volume, accounting for 27.43 per cent of the total volume of trades while Airtel Africa Plc emerged as the most traded stock by value, representing 28.81 per cent of the total value of trades on the exchange.
14 firms gained compared to 21 losers.
AIICO Insurance Plc was the biggest gainer for the day, topping the gainers’ chart with a price appreciation of 8.57 per cent to N0.76 per share.
It was followed by LivingTrust Mortgage Bank Plc with a rise of 7.95 per cent, ending the day at N0.95 per share.
Analysing by sectors, three of the five major indices closed lower, led by NGX Oil & Gas (-0.56 per cent), NGX Consumer Goods (-0.23 per cent) and NGX Banking (0.18 per cent).
But the insurance (0.82 per cent) and industrial goods (0.002 per cent) indices gained at the end of trading.
… Introduces TIES To Boost Business Loan
The Central Bank of Nigeria (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme (TIES), which provides undergraduates and graduates with a platform to access loans.
The TIES’ underlying aim is to provide access to capital for Nigerian undergraduates and graduates with innovative entrepreneurial and technological ideas from polytechnics and universities.
TIES intends to shift undergraduates and graduates away from white-collar job pursuits and towards a culture of entrepreneurship development for economic development and job creation.
In a national biennial entrepreneurship competition, the Developmental Component would be distributed in the form of awards to Nigerian polytechnics and universities.
The competition aims to increase undergraduates’ awareness and visibility of high-impact entrepreneurial/technological concepts, foster entrepreneurial talent hunts in Nigerian polytechnics and universities, and encourage commercially viable and transformative technologies.
Interested Nigerian polytechnics and universities shall apply to participate in the national biennial entrepreneurship competition on a dedicated online portal.
Outlining brief details of the project, potential impact and evidence of originality of project, CBN said it is an innovation for students entrepreneurs.
CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions
The Chartered Institute of Taxation of Nigeria (CITN) has lauded the Federal Government and tax authorities on the giant strides made on fiscal policy decisions and tax administration measures initiated this year in the area of Finance Act 2021 and the introduction of TaxPromax solution.
President of the institute, Adesina Adedayo, who gave the commendation at the institute’s yearly award ceremony at the weekend in Lagos, assured the government and tax authorities of aligning with the measures and promised to provide professional thoughts and insights on ways through which they could achieve an efficient and effective Nigerian tax system.
Adedayo emphasised the need to address the database, adding that without knowing who the tax-payers are, there is no way they can take money from unknown tax-payers.
Database is the aspect we have been emphasising on as an institute and in doing this, there are so many of pockets of data we have. All the data must be harmonised to have a simple unique tax-payers identification number,” he said.
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