On your marks, go! The Code revolution may just have started anew with multiple-cloud dimensions and innovation!
Digital transformation has propelled the shift on investment, from traditional sales to ‘everything as a service’. The year 2022 promises to devour the codes of our lives and global activities into a crystal ball of intense digital revolution. Therein lies hardcore unpredictability and immense opportunities.
The assemblages of climate change, emerging global population surge and stamped for adventure to control ‘Space’ present immeasurable challenges – inviting innovation as conqueror of the embedded opportunities.
According to Gartner’s IT spend and growth forecast in the previous years; worldwide IT spending was projected to total $3.7 trillion in 2018, an increase of 4.5 percent from 2017. The latest forecast by Gartner, Inc. indicated that “Global IT spending growth began to turn around in 2017; with continued growth expected over the next few years”.
The report observed that there would be challenging uncertainties.
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However, despite this uncertainty, businesses will continue to invest in IT as they anticipate revenue growth. But their spending patterns will shift. Africa and Nigeria in particular has become a significant part of the global digital market economy; but very vulnerable due to lack of constructive and strategically promoted investments in the digital revolution.
Fast forward, the anticipated and growing multidimensional global skill crisis – otherwise known as the future-of-work – is here. It now stares us in the face.
However, the skill-as-a-service development model has laid a strong foundation for the future-of-work. This phenomenon comes with its baggage of challenges and opportunities to entrepreneurs, governments and educational institutions. And indeed, to the students who still struggle to figure out what the future labour market holds for their future and above all, what employers really want?
In pursuit of the ongoing democratization of tech-data; many powerful drivers are in the quest to gain control of the pie and are plugging full-force into digital investment ecosystem. Africa’s visionary investors in the technology innovation space are vigorously rescaling their strategies to outdo each other in the luxurious ocean of digital transformation. Without mincing words, Dr. Leo Stan Ekeh – Chairman, ZINOX Group and one of Africa’s foremost entrepreneurs and serial digital economy champions is betting the heavens that within a very short time; the whole world will be digitized – at all levels of skill, process, product, and service for sustainable development.
To occupy the pilot’s seat, he has reconfigured the digital economy investment trajectory; focusing on three critical levels targeted at Professionals, Government and Academics at home and in the Diaspora.
At a recent outing hosted by the Governor and Deputy Governor of Imo State, his home State; Dr. Leo Stan Ekeh demonstrated – beyond all reasonable doubt, that the 21st century is a knowledge economy; one that not only requires but demands a new attitude; and perspective for technology innovation but intense creativity.
To validate his conviction and recognising the global skill-crisis, he pledged a N500 million fund to establish an innovation finishing school. According to him, the knowledge platform will polish fresh graduates as well as the unemployed. Not only that, but his visionary endeavour will also provide them with world-class skills as rare commodities and global masters of future-of-work ecosystem. The insight and strategic wisdom of this mission is the Diaspora Tech-innovation flavour in collaboration with the home front – especially the youth.
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‘‘In addition to the finishing school, Ekeh also gave the assurance that the proceedings of Imo State House of Assembly will be digitally upgraded. He said that this strategic intervention will enable Imo residents and members of various constituencies across the state to engage online with their elected representatives more closely and in real time.’’
This proposition is in tandem with the philosophy as well as aspirations of the new world economy which advocates inclusiveness; while also proclaiming that everything that can be digitized would be digitized as everything-as-a-service. This is against the backdrop that International Trade and Commence is now worth $1.1 trillion annually.
Africa has the pedigree to engage and benefit immensely.
The importance of this narrative questions why Nigerian and, by extension, African investors are not investing in the big-picture opportunity embedded in the knowledge digitization and the datafication of tech-innovation. Can’t they, like Leo Stan, anticipate the-future-of-things business model worth unquantifiable $ trillions between 2022 and 2030? Africa cannot afford to blindly allow the digital launch of her future to be eaten through consumerism-centric development syndrome and waiting until nothing is left on the innovation plate!
While the nation runs to pile up individual loots in Swiss Banks and investment safe havens; their global counterparts are investing and innovating the global future. Going by IDC’s projections, annual revenue from the technology industry will exceed $5.3 trillion in 2022. After the speed bump of 2020, the industry is returning to its previous growth pattern of 5%-6% growth year over year.
The United States is the largest tech market in the world, representing 33% of the total; or approximately $1.8 trillion for 2022. Dr. Leo Stan must have had an advanced peep into the crystal ball of future global technology market-economy. Therefore, going by projected assumptions, establishing the proposed blueprint can yield over $500 billion into the Nigerian Tech-innovation ecosystem. Amongst others, this validates his recent financial intervention of N50 million into the fallowing digital knowledge pot of the Nigeria Computer Society to drive digital innovation start-ups.
The assumption is that such tactical investments will general incremental yield returns; of over 900 per cent sustainable youth employment and secured IP.
Considering the enormous impact of the above strategic intervention by the ZINOX Chair – especially its Diaspora tech-collaboration model; patriotic entrepreneurs should now join forces to pull $5 billion together into the Tech-Innovation fund within 24 mounts. Actualization of the context of the STEM finishing school model has the audacity to take Africa and the world by storm; with breath-taking tech-innovation solutions.
Needless to state that the value of our IP content will be astronomically energized to accelerate the Data-democratization; creation of wealth; equitable governance; as well as thoughtful leadership, peoples’ empowerment, bold judiciary and proactive national security at all levels.
New Zealand PM Ardern cancels her wedding as Omicron rages
New Zealand Prime Minister Jacinda Ardern has cancelled her wedding as the nation imposes new restrictions to slow the community spread of the COVID-19 Omicron variant, she told reporters.
New Zealand will impose mask rules and limit gathering from midnight on Sunday after a cluster of nine cases of the COVID-19 Omicron variant showed community transmission from the North to South islands after a wedding.
A family travelled by plane from the North Island capital of Auckland to a wedding in the South Island attended by 100 people.
The family and a flight attendant tested positive.
New Zealand would move to a red setting under its COVID-19 protection framework, with more mask wearing, and a cap of 100 customers indoors in hospitality settings and events such as weddings, or 25 people if venues are not using vaccine passes, Arden said.
“My wedding will not be going ahead,” she told reporters, adding she was sorry for anyone caught up in a similar scenario.
Asked by reporters how she felt about her wedding cancellation, Ardern replied: “Such is life.”
She added, “I am no different to, dare I say it, thousands of other New Zealanders who have had much more devastating impacts felt by the pandemic, the most gutting of which is the inability to be with a loved one sometimes when they are gravely ill.
“That will far, far outstrip any sadness I experience.”
Jacinda’s wedding to Clarke Gayford this summer was rumoured to be fast approaching. Some reports said it was fixed for this month.
But no specific date has actually been announced.
Kalu meets Abdulsalami Abubakar
Chief Whip of the Senate, Orji Uzor Kalu, on Saturday night paid a private visit to former Head of State, General Abdulsalami Abubakar.
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Kalu who made the announcement through his verified Facebook page, revealed that his discussion with the former president centered on national issues and peaceful coexistence of Nigeria.
He wrote: “ Tonight, I paid a visit to the former President of Nigeria, General Abdulsalami Abubakar, to greet him for the new year. We also discussed major national affairs and peaceful coexistence of our nation.”
Lagos police arrest NURTW members amid calls for ban
By Moses Omorogieva/Lagos
The Police Command in Lagos State on Saturday said that its men arrested some members of the National Union of Transport Workers ( NURTW) who clashed on Lagos Island on Friday.
The Police Public Relations Officer (PPRO) , CSP Adekunle Ajisebutu, disclosed this to the News Agency of Nigeria (NAN) in Lagos on Saturday.
Ajisebutu did not mention how many people were arrested and where they were being detained.
He added that normalcy had returned to the Island as more operatives had been deployed there.
“The police have quelled the crisis. Sufficient facilities were deployed in the area immediately we received a distress call and normalcy was restored.
”Investigation into the crisis is ongoing,” he said.
Two factions of the NURTW clashed over the control of some motor parks on the Island on Friday.
The videos of the clash went viral showing the hoodlums using dangerous weapons against each other
The arrests come amid call by Accord Party for a ban on the notorious union in Lagos.
Lagos State chapter of the Accord Party called on Gov. Babajide Sanwo-Olu to proscribe the union following repeated violence by its members.
The Publicity Secretary of the party, Mr Dele Oladeji, in a statement on Saturday called on Sanwo-Olu to tame the members of the NURTW by proscribing the union with immediate effect.
“Again, the members of the NURTW were enmeshed in a deadly fight on Lagos Island which was reported to have resulted in the untimely death of some four youths.
“This deadly clash created a security scare, in which innocent and hardworking residents of Lagos had to scamper into shops, crevices, under table and inside gutters for dear lives.
“Many rushed into shops and were locked in with the shop owners, just to stay away from stray bullets or being caught up in the fracas.
“Traders were forced to shutdown their businesses, which led to the loss of transactions running into billions of naira.
“We advise the Lagos State governor to, with immediate effect, proscribe the NURTW for a peaceful and safe Lagos city.”
The spokesman said that the recent violence was one too many among the members of the NURTW in Lagos State.
Oladeji said that though members of the union were always in the habit of killing themselves during such fracas, their action had always defied the security set up in Lagos State and had always created a state of insecurity among residents.
“Ask an average resident of Lagos, and they will tell you they live and commute in utter fright of these ‘union boys’ daily on the streets and roads.
“Gov. Sanwo-Olu should rise up in service to residents of the state and proscribed these lawless group for a safer Lagos State,” he added.
He said that NURTW factions were known to frequently engage in free-for-all over power tussles at different locations and parks.
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