Business
Foreign Airline Commits To Remaining Nigeria’s Premium Carrier
An International Airline based in the United States, the Delta Air Lines, has renewed its commitment to remain a premium carrier of choice for Nigeria passengers as air traffic continues to grow across countries after the COVID-19 pandemic.
The airline’s Director of Sales, Incharge of Europe, Middle East, Africa and India, Paul Hassenstab, disclosed this during his recent visit to Nigeria alongside some top executives of the Atlanta-based American carrier.
Delta flies to top destinations in Africa and recently marked its 17 years of operating non-stop scheduled flights to Nigeria, the continent’s biggest economy.
Flying to over 275 destinations worldwide, the Atlanta-based Sky Team alliance member carried over 200 million passengers in 2023.
According to the Delta sales Director, the US carrier will remain a premium carrier of choice and will not renege from its dedication to the Nigerian community it is serving.
“I think we want to continue to be the premium carrier of choice for Nigeria. That is the commercial side of it. We also want to be committed to the community in Nigeria”, Hassenstab said
While passengers are looking forward to Delta extending its services to key Nigerian cities like Abuja and Port Harcourt, Hassenstab believes Delta’s current priority is to continue to give passengers the best services on the Lagos route.
He said, “Right now, our primary goal is to make our daily service work for us. We love to expand our operations. If you look at Delta, in terms of the wide-body airplanes that we operate, today, we have roughly 165 wide-body aircraft that we deploy to all around the international stations around the world.
“We just placed a new order with Airbus a couple of weeks ago with new A350-900s and 1000s and also A350 Neo which we equally have taken delivery of and I think that will give us the opportunity to expand as the business case in each market but today, our focus is making things work for us”.
Delta Air Lines views competition as a good thing for any market, according to the Sales Director.
United Airlines, which is Delta Air Lines’ close rival on the Nigeria route, flies between Lagos and Washington DC.
Chicago-based United Airlines suspended flights to Nigeria in June 2016 due to a foreign exchange crisis in the country. In December, the US airline resumed flights to join Delta on the Lagos route.
Two Nigerian carriers – Air Peace and United Nigeria Airlines, have indicated interest in launching flights to the United States.
Hassenstab, however, stressed that Delta Air has operated uninterrupted flight services into the Nigerian market in the past 17 years, and is not afraid of competition, noting that the Atlanta-based carrier will continue to serve the country’s finest flight services.
“We don’t fear competition, competition makes us better. They make people better”, he said, adding that the US carrier “would continue to build on its next-generation airport experience in its Atlanta hub.
“Delta has built an impressive legacy in its several decades of operations. We are going to be 100 years old next year. We were born in 1925. We look forward to celebrating it. It is a testament to the service. That stands out. We have a model that takes care of customers and that makes customers come back”.
Delta operates the Nigerian route seven times a week, offering 3100 seats, adding that the carrier was committed to renewable fuel as a premium global airline.
“We have shown commitment to Sustainable Aviation Fuel. We have 10 per cent of our fuel consumption to sustainable aviation fuel. In the long term, we are looking at hydrogen power which is much longer term. We are very much committed to reducing carbon emissions by 2050. We will get in there step by step by investing through partnerships”, he added.
Business
MoneyPoint Empowers Pharmacists With Payment Solutions
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
Business
Embrace AI, CIIN Urges Insurance Operators
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.
Business
NASRDA Reassures On Strengthening Nigeria’s Space Capability
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