Business
Airlines To Airlift 6bn Passengers, 2030
L-R: Director, nafdac, Oyo State, Rev. Benjamin Haruna, representative of the Director-General of nafdac, Dr Musa Umar and Assistant Director, Ports Inspection Directorate, Mr Onah Sunday, at a workshop on safe and responsible use of veterinary medicines for South-West zone in Ibadan, yesterday. Photo: NAN
Airports Worldwide are
aiming for six billion passengers annually by 2030, a double growth from the present 3.3 billion.
President, International Civil Aviation Organisation (ICAO), Dr Bernard Aliu told newsmen at the 70th International Air Transport Association (IATA), Annual General Meeting and World Air Transport Summit in Doha, Qatar that the expected increase would be a result of passenger movement, which doubles every 15 years.
He said as the world celebrates 100 years of commercial aviation, there are indications that these targets would be exceeded in the next 15 years.
Aliu, a former Nigerian representative in ICAO who was elected president last year, said let me tell you that “globally the traffic is supposed to double by 2030. So right now if we are doing 100,000 flights a day, we shall be doing 200,000 flights a day by 2030, so there is a growing demand. That in itself is a positive thing because it ensures the contribution to economic and social development.”
The ICAO boss said the boost in air transport would come with challenges, noting that more infrastructures would be needed for airport operations in order to accommodate the traffic growth.
He urged member states to invest in infrastructure and pay more attention to safety, pointing out that as the number of flight increases there is the tendency that the number of accidents would also increase.
He indicated that safety issues be given priority attention, the number of accident that presently occurred in the world would be curtailed.
“Also we have to continue to pay attention to safety because increasing the number of safety should not be increasing the number of accidents. As a matter of fact, we want to decrease the number of accident while the traffic is growing. That puts a lot of stress on government that it should know that the investment is the right thing to do in safe manner to ensure security,” Aliu said.
On the future of aviation after 100 years of commercial aviation, he said “the future for aviation is bright. You heard that the first commercial carried one passenger, but now we have three billion every year. That figure would double in 2030. Every 15 years the traffic figure has been doubling. That is the tremendous development that has taken place in the industry.”
According to him, throughout this period, starting from 1944, ICAO was put in place, the body has been guiding the industry by developing standard of recommended practices and policies that enable the industry to grow in safe, secure and sustainable manner.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter