Technext Technext
  • Home
  • Stories
    • Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      18 hours ago 0
      42
    • Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      22 hours ago 0
      54
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      24 hours ago 0
      66
    • After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      1 day ago 0
      51
    • ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      2 days ago 0
      101
    • Over 67% of Luno’s Record 7 million Users are From Africa
      Over 67% of Luno’s Record 7 million Users are From Africa
      2 days ago 0
      108
    • Ugandan Fintech Startup, Numida Closes $2.3M Seed Round to Scale across Africa
      Ugandan Fintech Startup, Numida Closes $2.3M Seed Round to Scale across Africa
      2 days ago 0
      142
    • Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      2 days ago 0
      64
    • Twitter Snubs Nigeria, Opens First African Office in Ghana
      Twitter Snubs Nigeria, Opens First African Office in Ghana
      3 days ago 0
      102
  • Features
    • Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      2 days ago 0
      64
    • Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      3 days ago 0
      81
    • CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      6 days ago 0
      406
    • ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      7 days ago 0
      141
    • Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      1 week ago 0
      139
    • The dying cybercafe culture is still driving ICT penetration in low-income areas
      The dying cybercafe culture is still driving ICT penetration in low-income areas
      1 week ago 0
      210
    • Smart Scooter Company, Trekk is Making Transit Easy and Affordable for Estate Residents & Universities
      Smart Scooter Company, Trekk is Making Transit Easy and Affordable for Estate Residents & Universities
      2 weeks ago 0
      249
  • Reviews
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      24 hours ago 0
      66
    • Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      3 days ago 0
      76
    • Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      6 days ago 0
      113
    • Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      6 days ago 0
      126
    • Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      1 week ago 0
      141
    • Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      1 week ago 0
      148
    • Seed Investment into African Startups Increased to 22% in 2020 but Value of  Equity Dropped
      Seed Investment into African Startups Increased to 22% in 2020 but Value of Equity Dropped
      1 week ago 0
      248
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    FG May Subsidize Data Cost for Nigerians, But Some Think It May not be a Totally Good Move

    Adenike AdebowaleAdenike Adebowale
    April 13, 2020
    FG May Subsidize Data Cost for Nigerians, But Some Think It May not be a Totally Good Move

    It seems deliberations are ongoing in the inner recesses of the Nigerian Federal Government on how to subsidize the cost of data for the populace at this time. This was revealed in a podcast interview between Kadaria Ahmed and the country’s Minister of Youths and Sports, Sunday Dare.

    According to Dare, “Data is actually life now because that is what is engaging everyone now, and I think within the inner recesses of government, that consideration is on-going to see how they can partner with communications companies to kind of subsidize data.”

    I asked Nigeria's Minister for Youth and Sports Development @SundayDareSD if all his online programmes will mean he subsidises data for you. 
    This is what he said… pic.twitter.com/RvJypzseAQ

    — Kadaria Ahmed (@KadariaAhmed) April 9, 2020

    This palliative measure, if endorsed, will be a response to the economic crisis resulting from the COVID-19 pandemic. Dare mentioned that the government is aware that the youths would feel the most impact of the crisis, and therefore was trying to provide a soft landing for them.

    The subsidized price would be a product of a partnership between the FG and the telecommunication companies operating in the country.

    Here is what people think

    We spoke with some people about the possible effects of the move. While some people were outrightly happy with the development, others expressed doubt why it may not be the good move it appears to be, eventually.

    Adedamola Raji, a fashion designer and Architectural graduate of the Federal University of Technology, Akure, expressed his doubts about the FG’s capability to implement such a move, in the first place.

    In his opinion, even if the move is implemented, another concern is “that the network service providers may increase the rate at which the data is consumed.”

    Damilola Baiyeroju, a graduate of Mechanical Engineering Department from the University of Ibadan, was of the opinion that the move is a time bomb.

    According to him, that would increase demand for data, if it is subsidized. While this in itself is not a bad thing, he went on to explain that the telcos may not have the required infrastructure to support the increased load as a result of subsidized data prices.

    “The phone networks are a little more reliable during this period, but all the internet service providers like Spectranet and Smile and the rest are simply write-offs simply because they do not have the infrastructure to support this number of people on the internet at once.”

    Damilola Baiyeroju

    Another thing to consider is accountability, according to Baiyeroju. He asked that who is to say that the telcos will not simply adjust whatever metric is being used to quantify the amount of data sold per unit.

    Using the example of some filling stations that adjusted their pumps when the FG directed a fuel price reduction to compensate for the reduction in price, he said that same thing could happen if data subsidy was implemented.

    On the basis of that, he concluded that if telcos had not made the initiative of reducing data cost for Nigerians by themselves, it was probably because they could not afford to do so or had no desire to. Therefore, if they partnered with the FG to provide reduced cost, Nigerians may find their data bundles depleting way faster than before.

    FG May Subsidize Data Cost for Nigerians, But Some Think It May not be a Totally Good Move

    Still, some are of the opinion that the move is a good one that will be beneficial to Nigerians.

    Kizo Daniels, an SEO expert and graphic designer, shared that the prospect of reduced data prices is one that is much welcome, especially for youths whose primary resource for their daily work is data.

    Taking a step further, he mentioned that a good number of young people also make use of Smile, Spectranet, and other routers for their data needs. Therefore, considering a subsidy in that regard as well will help the FG achieve the target of creating a soft landing for the youths.

    Ayodeji Ajadi, a Law student in the University of Ibadan, reiterated that it was a good move by the FG and one to be commended. He said it is a welcome development because it will go a long way as people have resorted to the internet in this period.

    “The internet makes the world a smaller village and people are turning to video conferencing as more people are working from home”

    Ayodeji Ajadi

    The FG has not made a public announcement on the matter of data subsidy, and what we have heard is from the Minister for Youths and Sports. However, if implemented, a number of measures will have to be put in place as well to make sure the benefit of the data subsidy is actually being felt by Nigerians.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Adenike Adebowale

    Adenike Adebowale

    Captivating books, cups of tea, sparkling friendships, strong trust in God...not just living. Alive :)

    Virtual Tech Events in Africa: Building in Tough Times, AfricaVsVirus Hackathon, Merging Tech and Healthcare
    Next article
    Virtual Tech Events in Africa: Building in Tough Times, AfricaVsVirus Hackathon, Merging Tech and Healthcare
    Nigeria
    Previous article
    Nigeria’s Sensitive National Data is Reportedly in Wrong Hands and the Government Seems Indifferent About it

    Related Posts

    • Stories 18 hours ago

      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers

      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Stories 22 hours ago

      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration

      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      Reviews, Stories 24 hours ago

      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020

      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
    • Stories 1 day ago

      After Falling Short of its $100bn Projections, Coinbase's Valuation is not Certain Yet

      After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      Stories 2 days ago

      'Africans Pay 30% Above Global Rates to Send Money Abroad'- Lemonade Growth Lead Richard Oyome

      ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      Stories 2 days ago

      Over 67% of Luno's Record 7 million Users are From Africa

      Over 67% of Luno’s Record 7 million Users are From Africa

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • VAR, Virtual Reality, and 3 Other Technologies Shaping the 2018 FIFA World Cup in Russia
      VAR, Virtual Reality, and 3 Other Technologies Shaping the 2018 FIFA World Cup in Russia
      June 20, 2018 0
    • #Takeaway: Austin Okere and Banke Alawaye Spilled so Much Juice at CFA Startups Hangout
      #Takeaway: Austin Okere and Banke Alawaye Spilled so Much Juice at CFA Startups Hangout
      September 24, 2017 0
    • Assessing MTN and Safaricom’s Chances as Ethiopia Shortlists 6 Operators for Two Telco Licences
      Assessing MTN and Safaricom's Chances as Ethiopia Shortlists 6 Operators for Two Telco Licences
      2 months ago 0
    • Microsoft to Establish Africa Development Centers and Employ 500 Developers in Lagos and Nairobi
      Microsoft to Establish Africa Development Centers and Employ 500 Developers in Lagos and Nairobi
      May 14, 2019 0
    • 8 Nigerian Startups Selected for GreenHouse Capital 2019 Tech Accelerator in Lagos
      8 Nigerian Startups Selected for GreenHouse Capital 2019 Tech Accelerator in Lagos
      October 17, 2019 0

    Follow Us

    Latest Tweets

    • technextdotng Some customers have shunned PoS transactions due to charges. Data from NIBSS data showed that the volume of transa… https://t.co/JgDWUIKbce
      about 10 minutes ago
    • technextdotng Events centers may now allow up to 500 people as long as it is below 50% of the hall’s maximum capacity. However,… https://t.co/dDrCTcX3Kv
      about 2 hours ago
    • technextdotng RT @UrvashiPrakash: 'Africans Pay 30% Above Global Rates to Send Money Abroad'- #Lemonade Growth Lead Richard Oyome #Africa #Fintech htt…
      about 16 hours ago
    • technextdotng The global adoption of cryptocurrency is at an all-time high as the total estimated users surpassed 100 million in… https://t.co/knLHyu8sgg
      about 17 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    Today, @Google unveils a Doodle to posthumously ma Today, @Google unveils a Doodle to posthumously mark the 74th birthday of Nigerian music legend and highlife maestro Oliver de Coque, one of Africa’s most prolific recording artists of all time.

The Doodle, created by Lagos-based graphic artist and illustrator @OhabTBJ, pays tribute to the guitarist who died in June 2008 at the age of 61, following a heart attack. The creative inspiration was drawn from De Coque’s love for the guitar, his energetic performance style, his unique music brand, and his love of tradition and culture.
.
.
.
.
.
.
#afrobeats #music #music #musiclover #naijamusic #musician #musicvideo #musicislife #musicproducer #musically #musicblog #musicjunkie #Africangiant #musicjournalism
    The use of Point of Sale (PoS) machines in Nigeria The use of Point of Sale (PoS) machines in Nigeria is growing but a majority of this growth is concentrated in the country’s economic capital, Lagos. According to NIBSS Instant Payment stats, the state recorded the largest number of PoS transactions in the country.

The report shows that Lagos accounted for about 70% of the total volume of PoS transactions in 2020. This represents a 100% growth in the volume of PoS transactions in the state as the volume of PoS transactions rose from 226 million in 2019 to over 453 million at the end of 2020.

Read more on Technext.ng
.
.
.
#finance #Nigeria #Lagos #Tech #POS #ATM #Money #Cash #Funds #TechNews
    Cryptocurrency trading company, @Coinbase, is list Cryptocurrency trading company, @Coinbase, is listing on the stock exchange today for $250 per share under the ticker ‘COIN’. With a share count of 261.3 million, this gives it a valuation of $65.3 billion.

This valuation is less than the $100 billion valuation that it got from @NASDAQ. At its current valuation, however, the crypto-based startup shows growth from recent years due to uptake in its subscriber base and generated revenue.
.
.
.
.
.
.
.
#stockmarkettimes #coinbase #coinbaseipo #uslisting #bitcoin #cryptocurrency #nasdaq #cryptocurrency #btc #forex #nft #bitcoinnews #cryptocurrencies #bitcoins #tech #investment #defi #investing #entrepreneur #invest #business #cardano #eth #coinbase #tesla #dot #polkadot #xrp
    While a lot of focus seems to be on remittance inf While a lot of focus seems to be on remittance inflows, not quite enough is given to outflow and this is where Lemonade Finance comes in. While still offering its free inward remittance service, the fintech has also delved into outflow and recently launched a feature that allows its users in Nigeria and Canada to send money to the US and Europe free of charge.

“We are super excited to announce that Nigerian and Canadian users can now send money to the United Kingdom and Europe via the @Lemonade.Finance app for free,” the company said.

Read more on Technext.ng
.
.
.
.
 #moneytransfer #Lemonade #remittance #remit #remittances #Financial #Finance #Nigeria #Africa #Money #Funds #sendmoney #onlinepayment #digitalwallet #digital #payonline #money #securepayments #deposit
    UK based crypto company, @Luno_global has revealed UK based crypto company, @Luno_global has revealed that its user base has hit a milestone of 7 million in 2021. This is a growth from more than 6 million customers in January 2020.

According to CEO Swanepoel, Luno’s numbers have been increasing month-on-month over the last seven years. However, this is the first time it is seeing an acceleration of this magnitude. 

In general, this year has been a great year for cryptos. The Bitcoin rally spurred by the entrance of institutional investors caused a momentous growth in the industry.
.
.
.
.
.
.
#bitcoin #bitcoinminers #bitcoinmining #forex #forexway #forextrading #ethereum #litecoin #localbitcoins #blockchain #luno #iqoptions #fxtm #business #daytrading #onlinetrading #onlinemarket
    Ramadan Mubarak! Yes, it’s that time of the year Ramadan Mubarak! Yes, it’s that time of the year when Muslims around the world observe the sacred month of Ramadan by fasting, praying and carrying out good deeds.

However, depriving oneself of nourishment and abstaining from certain pleasures before the sun sets can be very tough during the fasting month. With this in mind, app makers have created different kinds of platforms to make the month easier and more spiritual.

In our new post, we curated some handy apps and platforms that can help to keep prayer times and directions, habits, Qur’an exploring and diet management during the fasting month.
.
.
.
.
.
.
#ramadan #ramadankareem #ramadan2021 #ramadanmubarak #Tech #Apps #Technology #Gadgets #Innovation #Invention #HappyEid
    Load More... Follow on Instagram

    Random News

    • Fresh Direct Makes Landless Farming Possible and Appealing for City Dwellers
      Fresh Direct Makes Landless Farming Possible and Appealing for City Dwellers
      1 month ago 0

      With about 200 million people to feed, Nigeria is battling with food security and is yet unable to produce all ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy