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IT firm earmarks $2m for technology lab in West Africa

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Ouranos Technologies Limited, a provider of Information Technology (IT) infrastructure services, says it will provide two million dollars to boost enterprise solutions in West Africa.

A statement issued on Tuesday by Joseph Aransiola, Managing Director of Ouranos Technologies Ltd., stated that part of the money would also finance the construction of a technology lab in Lagos, for IT analysis in West Africa.

“The lab is a venture studio focused on building the products and solutions that will power the future of enterprise technology in Africa,” he said.

Aransiola said the firm had since appointed Olusegun Maleghemi, a notable expert in the technology and innovation space, as Chief Innovation Officer for the project.

“Maleghemi was Director of Incubation at the Nest Innovation Technology Park which provides support for startups building impactful solutions.

“Africa is poised for tremendous growth in the technology space, and Ouranos Lab will play a key role in driving that growth.

“I am confident that this investment will help identify and develop new technologies and solutions that will drive sustainability and growth for the enterprise technology industry in Africa.

“Ouranos Lab will focus on developing innovative solutions in Data and Identity Security, Artificial Intelligence and Machine learning, as well as Connected devices.

“It will also focus on Internet of Things (IoT), Blockchain application in the non-finance space, Business Process Reengineering (BPR) and Robotics Process Automation (RPA), amongst others.

“The venture studio also intends to work closely with startups and entrepreneurs to bring their ideas to life by providing support in product development, funding, access to new markets and mentorship,” Aransiola said.

The Chief Operating Officer (COO) of Ouranos Technologies Ltd, Mfon Okon, said that the company was looking to invest in the companies that are building innovative and scalable solutions.

Mfon said that the choice of Olusegun Maleghemi as Chief Innovation Officer was strategic going by his extensive experience in technology and innovation.

The statement quoted Maleghemi as pledging to work closely with the team to foster innovation in the African enterprise solutions space.

“We have a strong team with a lot of expertise in technology and innovation who are dedicated to building products and solutions that will define Africa’s future.

“We will focus on developing sustainable and scalable products to drive enterprise business growth,” he said.

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BDCs committed to checkmating attack on the Naira – ABCON boss

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The President, Association of Bureau De Change operators of Nigeria (ABCON), Aminu Gwadabe, says the BDC operators are committed to wading off attacks on the Naira by speculators.

Gwadabe said this in an interview with journalists on Wednesday in Abuja.

According to him, ABCON, as a self-regulatory body, has platforms to check excesses of BDC operators.

“We have inaugurated state chapters whereby we can have a data repository of participants in the forex market.

“This is for the Financial Action Task Force (FATF) to understand this market and to know the participants, give them a simple registration,” he said.

Gwadebe said that what the foreign exchange market needed was a kind of harmonisation; a centralisation and KYC to know all participants in the business.

“This will enable the CBN to track other players in the market other than the BDCs and their levels of involvement.

“The BDCS are collaborating with the regulatory authorities for physical verification of offices using technology.

“We want to balance international obligations with our own objectives. International obligations are templates that have been built without our input.

“We are coming with our own template to balance it. We have seen some illegal economic behaviour, and the CBN and the security agencies are aware, and I am sure they will nip it in the bud,” he said.

He said that the recent wave of depreciation of the Naira was of concern to the BDCs operators.

“I am happy that the authorities, and even the BDCs as operators, have identified the peer-to-peer (P2P) platform.

“The P2P is a platform like the Binance, where speculators use the dollar to buy USDT, a stablecoin that is pegged at one to the dollar.

“As long as Binance and such other platforms continue to be profitable, the Naira will continue to depreciate.

“There are many of them in the system. Binance has been nipped in the bud, but there are still many. They are online platforms with no registration, no restrictions,” he said.

Gwadabe said that the CBN and the security agencies were already aware of the antics of the platforms.

According to him, they are more of an illegal economic behaviour, and the people behind them have no patriotism in them.

“People have turned dollars to be an asset; to be a commodity of trade that is why those platforms continue to thrive.

“We have seen where people are buying dollars into their domiciliary accounts to finance these schemes.

“A lot of millions of dollars are going out from the system. It is one USD to one USDT. The market can be liquid.

“Binance alone has four billion dollars liquidity and more than two million transactions.

“Most of them source money to finance their transactions from the open market, and that is one of the reasons why Naira is depreciating,” he said.

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Agro-cargo airport will improve economy of Ogun — Assembly members

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By Omobolaji Adekunle, Abeokuta

Members of the Ogun State House of Assembly Committee on Works and Infrastructure have conducted an assessment visit to the State Agro-Cargo International Airport, Iperu, positing that the project upon completion and take-off would further improve the State’s socio-economic values.

Members of the Committee led by the Chairman, Hon. Adegoke Adeyanju, who were conducted round the facility by the Project Manager of Craneburg Construction Company, Nicholas Mfarrej, opined that the project possessed enormous economic potentials that would add value and attract investment opportunities to the State.

Adeyanju, in company of the Minority Leader, Lukman Adeleye, Olusegun Kaka, Lukmon Atobatele, Damilola Soneye and Wasiu Ayodele lauded the State Governor, Prince Dapo Abiodun’s ingenuity for initiating the project, stating that the level of work done by the contractor was commendable.

Taking the lawmakers round the facilities, the Project Manager, Nicholas Mfarrej said that the project was over 80 percent completed, assuring that it would be delivered within a record time.

Mfarrej also took the Assemblymen to other facilities within the airport including the warehouse, passenger lounge, control room, crew room, cargo warehouse, runway, control tower, apron, watch tower, fire station and administrative building amongst others.

He noted that adequate quality control measures with modern engineering techniques were being deployed at every phase of the construction of the project.

In another development, the lawmakers visited the damaged portion of the collector drainage on the Ojumele-Ajegunle Road in Makun-Sagamu, which was being rehabilitated, tasking the residents of the area to embrace maintenance culture of the project, thereby desisting from indiscriminate dumping of refuse that often silt up the drainage.

The Chairman called on the State Ministry of Environment, as well as Urban and Physical Planning to put in place measures towards checkmating the excesses of residents who often violated environmental and building regulations, causing impediment hindering the flow of water into the drainage, especially during the rainy season.

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Sokoto Assembly adopts motion to establish Skills Centre for Displaced Widows

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The Sokoto State House of Assembly, on Wednesday, approved a motion advocating for the establishment of an Educational and Skills Acquisition Centre to support widows displaced by banditry and other security challenges in the state.

 The motion, which was moved by Alhaji Abubakar Shehu (APC- Yabo) and seconded by Alhaji Atiku Liman (PDP-Silame), also urged the state government to repurpose the Sultan Maccido Waqf Centre for the initiative.

Shehu highlighted that the Sultan Maccido Waqf Centre, originally established by the State Zakkat and Endowment Commission in collaboration with Qatar Charity Organisations, could serve the purpose effectively.

He stated the importance of empowering widows and their children, emphasising the need to transition them from dependency to self-sufficiency.

“The conversion of the Centre into an Education and Skill Acquisition Centre for widows and children displaced by banditry is crucial to empower them economically and prevent them from becoming a liability to the society,” he stated.

The lawmaker expressed concern about the sight of internally displaced persons (IDPs) in the metropolis, often seen begging without access to economic activities or education.

He said the proposed center would offer training in various skills such as catering, knitting, tailoring, cream making, welding, mechanics, carpentry and building, among others.

Shehu emphasised that funding for the centre should be a joint responsibility of the state government, Zakkat Commission, international donors and individual contributions.

Contributing to the discussion, Alhaji Bello Idris (APC-Gwadabawa North) stressed the importance of conducting a comprehensive census of IDPs in the state to ensure proper support and utilisation of the centre once established.

Following deliberations, Speaker Alhaji Tukur Bala conducted a voice vote, and the motion was unanimously adopted by the lawmakers.

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