Stories by Bukola Olanrewaju
The number of Internet users on mobile devices in Nigeria has increased significantly to 105 million in September, 2018.
This figure was disclosed by Nigerian Communication Commission (NCC) at the just concluded 2018 Lagos international Trade Fair entitled, “Connecting business, creating value”.
Speaking on the NCC day, the Executive Vice Chairman, Prof. Umar Danbatta attributed the growth to improvement in the quality of services delivered by the Mobile Network Operators (MNOs) in Nigeria.
“With increase in broadband penetration, Nigerian social media space has continued to thrive and our citizens are enjoying modern ways of interactions in the cyber space.
“Our statistics continue to show appreciable improvement in the provision of services to the citizenry with internet penetration standing at about 105 million subscribers in September 2018”, Danbatta revealed.
It is to be recalled that the commission reported Nige-rian internet users hits 103.67 million in July after a downward slope of 102.81 million recorded in June.
With its current stands at 105 million, Nigeria internet subscribers have increased significantly by over 1.33 million subscribers in the month of September.
Speaking further, Danbatta warned against the claim that mounting of towers and masts in base stations constitute health hazards to citizen.
He thereby refuted the claim, stating that the World Health Organization (WHO) has affirmed otherwise.
According to him, “The commission maintained always that WHO has affirmed that no result of such hazard has been established against base stations.
“Therefore, any individual or community adducing such reasons to deny right of way to telecom companies, and prevent them from expanding services are invariably contributing to the poor quality of service in network.
While calling the customers, the king; Danbatta also noted that the Mobile Network Operators would soon be summoned by the Commission to give account on user experience.
“We have put the service providers on special notice about our current monitoring of user experience and will call them to account in due course”, he notified consumers.
ChamsAccess, First Access partner to offer affordable digital credit platform for micro lending
New York-based fintech First Access partners a foremost Nigerian Fintech Company, ChamsAccess Limited to deliver digitized and automated credit solutions to microlenders.
The solution is a software platform that allows micro lenders anywhere to digitize their entire lending process. Because of its flexibility, the platform can replicate existing processes and accommodate a wide range of needs around origination, approval, monitoring and collection. In this way, First Access provides an easy way for traditional institutions to enter the digital world, driving faster growth and strong risk management practices.
Lenders can build in their own analysis and scoring, reducing paperwork and customer acquisition time, and adding transparency to the risk management process. Combining quantitative and qualitative data from multiple sources, the platform provides additional visibility, stability and control for managers.
The technology is affordable and easy to adopt. ChamsAccess, the local/implementation partner here in Nigeria, will provide the necessary support for the software. ChamsAccess and First Access will help local institutions embed their loan products, policies, brand, staff roles and more directly into their accounts on the platform.
Speaking at the sign-off ceremony, The Chief Executive Officer of ChamsAccess Limited, Dumebi Obodo, expressed his excitement at the development, explaining that the unique and highly affordable software-as-a-service application is designed for extreme flexibility of data sources – it enables micro lenders to incorporate nearly any source of customer data via API or to collect it manually offline, which is especially relevant in the Nigerian market.
He further said that the partnership was in line with the ChamsAccess mission to be the go-to company for technology solutions that make life less complicated.
The CEO of First Access, Nicole Van Der Tuin, who also spoke at the ceremony, the partnership is a mutually beneficial one which would result in a profitable relationship and positively impact the microfinance institutions and other lenders in today’s data-driven world.
She added that ChamsAccess has a great local position to complement First Access’ decades of experience in microlending. The partnership reflects their desire to collaborate with companies that share their vision of disruptive innovation and user-friendly tools to expand access to credit.