Internet abuse reason, for fall in our cultural standard – Don

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By Bukola Olanrewaju

An expert in the technology terrain, Engr. Charles Osezua has identified the fall in the standard of our cultural values, traditions and customs on the abuse of internet and social media in the country.

Engr. Osezua stated this at the Society and technology (SOCETH) 2017 conference and Exhibition themed “ Leveraging Technology to win at work and family” held at Lagos.

Speaking at the event Osezua said, for him the internet and new media has been disruptive because they have changed people’s way of lives with diverse consequences.

Although he acknowledged the fact that the advent of technology has produced and amassed great wealth for the economy with massive development and  banking taking new shape through flexible and easy  transactions fastracking mobility and people  becoming more productive.

With this new integration, more challenges have crept into the family unaware, Osezua noted.

According to him, with the new media and technology couples seem to be seen together but are far from each other because each of them is on the phone or laptop browsing, texting, chatting or sending emails thereby affecting the family.

He further stated that social skills is rapidly diminishing because 75% of the younger generation time is spent on digitals.

“Children now learn via technology in different ways and are not comfortable having face to face conversation anymore” he said.

The CEO of swift Networks, Charles Anudu also agreeing with Osezua said with over 3 billion people currently on internet, internet economy have become the fifth largest economy in the world.

Those who don’t have the knowledge and access to the internet have an edge over those who don’t, said Anudu.

According to Anudu, quite a large number of  people now seek happiness, privacy and security from social media which leads to laziness, loss of creativity and social vices.

“Social media has  become the order of the day, families get distracted because of its imaginary friends chat and morals completely corrupted”.

However Oluwatosin of PwC said technology came on board to be an aid to leverage businesses and families and not to disrupt it.

People have to be educated and engaged in the process unless they become rebellious to the process, Tosin said.

More so, a radio personality and atech savvy, Rufai Oseni said technology is great and it has come to stay but we need to exercise control because family life and relationships is something we can not regain most times once it is lost.

Anything you do not with control will  hurt you, Rufai Oseni added. We should therefore use technology to improve our work life balance, they all agreed on.

Farmcrowdy Closes on $1Million Seed Funding

Farmcrowdy, Nigeria’s first and leading digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, yesterday announced that it had closed on seed funding of $1 million from international and local investors including Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital and Right-Side Capital; as well as angel investors Tyler Scriven, Michael Cohn, Josephine Group, FC Agro Allied SPV and Dr. Christof Walter.

Prior to harvest, Farmcrowdy works with pre-arranged buyers who assist the farmers sell their yield at harvest and earn a decent margin. The sponsor then gets their original sponsorship +40% of the profit from the harvest, the farmer receives 40 per cent of the profit and Farmcrowdy receives 20%of the profit. Farm sponsors can get between 6-25 per cent returns after harvest depending on the farm type they sponsor.

The brainchild of Nigerian serial entrepreneur Onyeka Akumah, Farmcrowdy has to-date recorded close to 1,000 unique farm sponsors from Nigerians in Nigeria, the US and UK. The company has aggregated a combined 4,000 acres of farmland across 8 states in Nigeria and worked with more than 2,000 small scale farmers.

The seed fund will allow the award-winning startup to scale its operations with plans to expand into a combined 20 states in Nigeria, work with 4,000 additional small-scale farmers and engage a combined 20,000 new farm followers and farm sponsors on it’s platform to learn about the opportunities in Agriculture and partner with farmers.

Onyeka Akumah, Co-Founder and CEO of Farmcrowdy says “Today’s seed announcement is a remarkable milestone for us and Nigeria’s Agritech industry as a whole – especially having just celebrated the anniversary of our first year of operations in November 2017.

We’re thrilled that as a Nigerian startup operating for just over a year, we have a group of investors who share in the vision and mission of Farmcrowdy as much as we do.”

Cox Enterprises Senior Vice President of Corporate Strategy and Investments Duncan O’Brien adds, “From the moment we encountered Farmcrowdy, we were very impressed with the work that the startup is doing to empower Nigeria’s farmers.

“As our planet faces drastic population growth and manages scarce resources, investing in sustainable agriculture is a venture that will reap long-term benefits for us all.”

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