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MTNN Launches Public Offer To Retail Investors At N169

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the telecom company informed the investing public and the Nigerian Exchange in a statement.

“Our journey to become the largest network in Nigeria has been humbling, but we still have a long way to go

Olushola Okunlade Writes

MTN Group Limited said Tuesday that it is launching a public offering for the placing of up to 575 million shares held in MTN Nigeria, which will be priced at N169 a share.

The telecom giant said this in a regulatory filing, two years after MTN Nigeria became a listed entity in the local bourse. The telecommunications company based in South Africa said the offer will open on December 1 and close on December 14, 2021.

The decision on pricing was taken via book building that lasted for a week to institutional investors, after which retail price was determined. Recall that MTN was listed at N90 2 years ago by way of introduction and the stock has gained more than double its initial opening price.

According to its filing, the minimum subscription is for 20 shares and a lot of 20 shares thereafter. MTN said the offer includes an incentive in the form of one free share for every 20 shares purchased, subject to a maximum of 250 free shares per investor.

The company said this incentive is open to retail investors who buy and hold the shares allotted to them for 12-months, post allotment date.

Commenting on the price announcement, Karl Toriola, Chief Executive Officer of MTN Nigeria Plc said, “the success of and growth of MTN is intrinsically linked to that of Nigeria and Nigerians.  Therefore, we are very excited to offer Nigerians the opportunity to own shares in MTN Nigeria”.

“Our journey to become the largest network in Nigeria has been humbling, but we still have a long way to go. There is much more to do to support the evolution of an inclusive digital economy and we continue to invest as we evolve into a truly digital operator, capable of seamlessly integrating value across evolving telecommunications, digital, and fintech segments”, Toriola added.

“With this offer, we will contribute to the further deepening of Nigeria’s equity capital markets. It is the first in a series of transactions as the MTN Group implements its plans to ensure broad-based ownership by reducing its shareholding in MTN Nigeria to 65% over time,” President and Chief Executive Ralph Mupita said.

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“Don’t Rest On Your Oars, Sustain Effective Service Delivery” – Danbatta Tasks Staff Of NCC Zonal Office Ibadan

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“Don’t Rest On Your Oars, Sustain Effective Service Delivery” – Danbatta Tasks Staff Of NCC Zonal Office Ibadan

 Olushola Okunlade Writes

The staff of the Ibadan Zonal Office (IBZO) of the Nigerian Communications Commission (NCC), have been tasked by the Executive Vice Chairman of NCC, Prof. Umar Danbatta, to sustain their commitment to regulatory effectiveness in keeping with the Commission’s strategic objectives.

Danbatta made the call to the staff not to rest on their oars, recently at Ibadan when he visited the IBZO of the Commission en route Osogbo to deliver the 10th and 11th Convocation Lecture of the Fountain University.

The EVC, management, and other staff in his entourage, were earlier received on arrival at Ibadan by the Controller, Ibadan Zonal Office of the Commission, Yomi Arowosafe, who led the EVC and his team on a tour of the Zonal Office. 

Speaking later at an interactive session with staff of the Zonal Office, Danbatta commended the zonal controller and his team on the good work they have been doing in ensuring the people of the zone feel the presence and impact, as well as the significance of the Commission’s regulatory activities. 

The EVC particularly urged the staff of the Commission not to relax because of the successes that have been recorded. Rather, he implored the staff to rededicate themselves decidedly, to their assigned responsibilities, in order to sustain effective delivery of regulatory services to the people of the zone in keeping with the Commission’s commitment to ensuring greater regulatory effectiveness.

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Don't Rest on Your Oars, Sustain Effective Service Delivery" - Danbatta tasks staff of NCC Zonal Office Ibadan
Prof. Umar Garba Danbatta and others on a tour of the NCC Ibadan Zonal office.
Don't Rest on Your Oars, Sustain Effective Service Delivery" - Danbatta tasks staff of NCC Zonal Office Ibadan
Left-Right: Yomi Arowosafe, Zonal Controller, NCC Ibadan Zonal Office; Dr Ikechukwu Adinde, Director, Public Affairs, NCC; Dr Augustine Nwaulune, Director, Digital Economy, NCC; and Professor Umar Danbatta, Executive Vice Chairman, NCC.

Danbatta asserted that his appeal takes life off the fact that the Commission and its staff have become major drivers of the Federal Government’s vision for the birth of a robust digital economy as encapsulated in the National Digital Economy Policy and Strategy (NDEPS) 2020-2030 and the Nigerian National Broadband Plan (NNBP) 2020-2025. 

The NCC CEO reminded the staff of the necessity to internalize the regulatory imperatives of the Strategic Management Plan (SMP), 2021-2024, as well as the Strategic Vision Plan (SVP) 2021-2025, both of which are streamlined implementation roadmaps by which the Commission plans to actualize the national digital economy and broadband targets as articulated by the Federal Government. 

In his response, Arowosafe who spoke on behalf of the staff of the Zonal Office expressed gratitude to the Management for the visit and promised to ensure the zonal office sustains effective delivery of NCC’s regulatory services to the people of the geo-political zone. 

Staff in the EVC’s entourage to the zonal office include NCC’s Director, Projects, Abigail Sholanke; Director, Digital Economy, Dr. Austin Nwaulune; Director, Public Affairs, Dr. Ikechukwu Adinde; Head Research and Development, Kelechi Nwankwo; and other senior management staff of the Commission. 

The IBZO was established in October 2005 to bring the Commission’s regulatory services closer to the southwest geopolitical zone, except Lagos and Ogun which are in the purview of Lagos ZonalOffice. However, the jurisdictional sphere of the Ibadan Zonal Office, however includes other southwest states and Kwara State.

The recently constructed NCC Zonal Office building at Ibadan became fully functional in 2015 when the Commission’s Management directed staff to commence operational activities from the new complex.

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FG Applauds NCC’s Commitment To Enhancing Digital Skill In Youths

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FG Applauds NCC’s Commitment To Enhancing Digital Skill In Youths

…Existing policies are designed to accelerate the delivery of digital economy benefits, Says Pantami

…We’re poised to deepen digital access – Danbatta

Olushola Okunlade 

The Federal Government has applauded the commitment and dedication of the Nigerian Communications Commission (NCC) towards enhancing digital skills development among youths, through the implementation of various Information and Communication Technology skill acquisition programs.

Minister of Interior, Ogbeni Rauf Aregbesola and the Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, gave the commendation during the inauguration of a Digital Nigeria Centre (DNC), a project executed by the Universal Service Provision Fund (USPF), an arm of NCC, at the Ijesa Muslim Grammar School, Ilesa, Osun State recently.

Representing President Muhamadu Buhari at the event, Aregbesola commended the NCC for timely and thorough implementation of the project, saying he was confident that the project will promote the connection of public secondary schools to broadband internet in the Ilesa community and ultimately equip beneficiaries with 21st-century skills.

“I would like to thank my very good friend and brother, the Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, for assenting to our request to have the first of this remodeled project in Osun State sited in Ilesa. I will also like to thank the Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta, and the entire Management and staff of NCC and the USPF, as well as their technical partners for timely and successful completion of this laudable project,” he said.

FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Left-Right: Iyabode Solanke, Director, Projects, NCC; Prof. Adeolu Akande, Chairman, Board of Commissioners, NCC; Hon. Rauf Aregbesola, Minister for Interior, Federal Republic of Nigeria.
FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Commissioning of the Digital Nigeria Centre at Ijesha Muslim Grammar School, Osun State.
FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
USPF, NCC staff, Solanke, and Aregbesola at the Commissioning of the Digital Nigeria Centre/ICT Library at Ijesha Muslim Grammar School.

On the sideline of the commissioning, Aregbesola also announced the establishment of President Muhammadu Buhari N100 million Technology Fund for Youth Empowerment, to nudge the emergence of world-class technology experts. The Minister of Interior stated that the Fund targets 2,000 youths in the next two years, who will be provided with devices for training in different areas such as software development and design, amongst others.

The Governor of Osun State, Adegboyega Oyetola, who was represented by the State’s Commissioner for Innovation, Science and Technology, Dr. Babatunde Olawale, expressed the gratitude of the State Government to the Federal Government, the Ministry of Communications and Digital Economy, and the Nigerian Communications Commission, for initiative and particularly for inaugurating the pioneer remodeled DNC project in Osun State. Oyetola also informed the enthusiastic gathering that Osun State Government was willing and ready to collaborate with NCC to replicate the project in other parts of the State.

Speaking in the same vein, Pantami, who was represented at the event by the Chairman, Board of Commissioners of NCC, Prof. Adeolu Akande, also commended the NCC and USPF on the delivery of the DNC project on behalf of the Federal Republic of Nigeria. He declared that the project and similarly instituted ones were initiated by the government to give expression to its vision to effectively digitise the nation’s economy for increased prosperity for all Nigerians.

Pantami stated that the Federal Government is focused on promoting the digital economy across the country and that this had informed the renaming of the Ministry of Communications to the Ministry of Communications and Digital Economy. On the heels of the re-christening, Pantami recalled that the Federal Government emplaced Digital Nigeria-oriented policies to reinforce the focus of existing policies in order to accelerate the delivery of derivable benefits of digital economy to Nigerians, regardless of their locations and circumstances.

FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Solanke, representing the Executive Vice Chairman, NCC.
FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Akande, representing the Minister of Communications and Digital Economy
FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Ogbeni Rauf Aregbesola, making a speech.

Very central among the policies is the National Digital Economy Policy and Strategy (NDEPS) 2020-2030, a 10-year, eight-pillar focused blueprint for actualising Federal Government’s digital economy agenda unveiled in November 2019.

Pantami asserted that the DNC inaugurated at Ilesa was a concrete implementation of the Digital Literacy and Skills, the second pillar of NDEPS.

According to Pantami, the overarching objective of the DNC project is to facilitate the adoption of digital lifestyles in the schools as well as in the school communities. The Minister averred that the project’s significance cannot be under-estimated, considering its ability to improve digital skills for the youths and subsequently make them globally competitive.

Pantami said the Nigerian government is determined to arm the youths with digital skills, strong literacy, and numeracy skills, critical and innovative thinking skills, complex problem-solving aptitude, the ability to collaborate and deploy socio-emotional skills, which they require to transform their lives and build the economy.

“We have already made a number of giant strides in the development of our digital economy culture and the deployment of initiatives such as the Digital Nigeria Centre eloquently demonstrates the current administration’s commitment to connecting all Nigerians,” Pantami said as he equally expressed the Federal Government’s commitment to its tripartite agenda of improving the economy, curbing corruption and enhancing national security through effective deployment of ICT in all nooks and crannies of the country.

FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Ogbeni Rauf Aregbesola and Akande.
FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Dr Omoniyi Ibietan, Head, Online Media, NCC, compering the event.
FG Applauds NCC’s Commitment to Enhancing Digital Skill in Youths
Students of Ijesha Muslim Grammar School, Ilesa, Osun State.

In his remark, Danbatta, who was represented at the event by the Commission’s Director of Projects, Iyabode Solanke, said all the regulatory activities, initiatives, and programs that the Commission had undertaken since 2019, in collaboration with its critical stakeholders, including its arm, the USPF, have been targeted at giving concrete expression to Nigeria’s deliberate policy to migrate to a fully digital economy.

He said the Commission achieves this by consistently committing itself to the expansion of appropriate infrastructure to enhance digital literacy and skills in view of the economic and social impact of digitization on all sectors.

The NCC Chief Executive restated the Commission’s commitment to the overall objective of bridging the digital divide through the provision of Information and Communication Technology (ICT) as well as broadband access to the unserved and underserved institutions and communities in the country.

Earlier, the Principal of Ijesa Muslim Grammar School, Ramota Ilesanmi, thanked President Buhari-led Federal Government for the project, saying that it will go a long way in meeting the ICT needs of students and residents of the city.

The DNC, formerly known as School Knowledge Centre (SKC), is one of the projects in the Access Programme framework of the USPF, conceptualized to promote the availability and utilisation of ICT and resources of the Internet in teaching and learning in public schools in underserved, unserved and rural areas. Specific objectives of DNC are to increase ICT literacy among school teachers and students; provide a platform for accessing online educational resources; equip students with ICT skills; facilitate ICT adoption in teaching and learning; as well as increase pass rate in Mathematics, English language, and other science subjects.

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To Live, Lead In The Future Embrace And Utilise ICT – Danbatta Urges Youths

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To Live, Lead In The Future Embrace And Utilise ICT – Danbatta Urges Youths

…NCC is working collaboratively and strategically with its supervising ministry, Federal Ministry of Communications and Digital Economy – Danbatta

Olushola Okunlade 

Reckoning that 70 per cent of the new value to be created in the economy over the next decades will be based on digitally-enabled platform business models, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC) has stated unequivocally that it is focused on implementing all sectoral interventions focused on Information and Communication Technology (ICT) youth empowerment, Prof. Umar Danbatta.

Danbatta made this declaration while delivering the 10th and 11th combined Convocation Lecture of Fountain University, Osogbo, Osun State. He asserted that the resolve of the Commission to pursue very vigorously a bouquet of ICT programs focused on the youth is based on the projected opportunity for the youth in the emerging ICT-based labour market.

Danbatta recalled that statistics from Global System for Mobile Communication Association (GSMA) and the World Economic Forum (WEF), have indicated that unique mobile subscriptions are expected to grow up to 5.7 billion by 2025 with concurrent growth in Subscriber Identity Module (SIM) connections, and Internet subscriptions and corresponding growth in operators’ revenue and investment.

The CEO of NCC also said that fourth-generation (4G) connections are expected to grow to 57 per cent; Fifth Generation (5G) is also envisaged to have 1.8 billion connections; usage of smartphones is projected to grow to 81 per cent; Internet of Things (IoT) will grow from 13.1 billion to 24 billion connections; and contribution to Gross Domestic Product (GDP) by the mobile industry is expected to grow by, at least, 5.1 per cent by 2025.

The implications of the foregoing, according to Danbatta, are a huge, incredible opportunity for youth to own businesses.

“Therefore, while NCC is working collaboratively and strategically with its supervising ministry, Federal Ministry of Communications and Digital Economy, it is also working with young Nigerians to prepare them for harnessing these opportunities for personal and national prosperity. It is this huge prospect that informed NCC to institute a number of initiatives and interventions targeting the youth in a unique and unprecedented institutionalisation of strategic collaboration and partnership,” he said.

Danbatta Pivots Nigeria’s Socio-economic Development on ICT Adoption, Utilisation
Prof Danbatta, delivering the convocation lecture.
Danbatta Pivots Nigeria’s Socio-economic Development on ICT Adoption, Utilisation
Dr Ikechukwu Adinde, Director, Public Affairs, NCC; and NCC EVC Prof. Umar Garba Danbatta

The programs, according to Danbatta, include the ICT Hubs Support and Engagement, which is a forum that brings together key players, actors, and the youths in the Nigerian tech-ecosystem to deliberate and suggest policy framework and strategies that could further develop the sector to catalyse improved local content in the ICT/telecommunications sector.

There is also the annual ICT Innovation Competition and Exhibition aimed at facilitating sustainable digital start-ups’ development through a platform to showcase their digital innovative solutions.

Also, the Annual Hackathon is designed to challenge start-ups and tech hubs in Nigeria to produce impactful and sustainable innovative solutions that will address common societal challenges using digital technologies.

Danbatta said the ICT Park Project being built across the six geo-political zones of the country to boost digital skills among young people, promote innovation, provide jobs for young Nigerians and ultimately support the Federal Government Digital Agenda is equally a strategic program focused on harnessing and optimizing the youths’ creative energy for development.

Other related projects in this regard include the NCC National Essay Competition engaging undergraduates in Nigerian tertiary institutions to explore and enhance research in tertiary institutions and build capacity.

In addition, the school support programs which include the Digital Awareness Programme (DAP), a special intervention initiated as a Corporate Social Responsibility (CSR) project in response to the digital information knowledge gap observed in the country; as well as the Advanced Digital Appreciation Programme for Tertiary Institutions (ADAPTI), instituted to bridge the knowledge skill gap in higher institutions of learning, largely target the youth and students.

Accordingly, Danbatta called on the youth to consciously take note of emergent segments in ICT that are available for them to explore. These, according to him, include Blockchain, Artificial Intelligence (AI), Cloud computing, Internet of Things (IoT), and Big Data.

He also enjoined youths and students to pay attention not only to any of those technology segments but also their overlapping variables such as hyper-connectivity, supercomputing, cybersecurity, and a smarter world such as robotics, 3D printing, and sensors – which are at the heart of the circular economy.

In recognition of the innovative minds of Nigeria’s huge youth population, Danbatta said the NCC had put all the ICT youth empowerment initiatives to support a digitally-skilled workforce that will fit into the Digital Economy Project of Nigeria. “The Commission is committed to fostering partnership and collaboration with the technology hubs and startups, to accelerate innovations and the creation of a digitally-skilled workforce for industrial growth and sustainable development of the nation,” the EVC said.

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