Business
China To Strengthen Ties With Nigeria
The Peoples Republic of
China said on Wednesday in Abuja said that it would strengthen its bilateral relationship with Nigeria in the media industry.
Ms LI Qiufang, the Vice Minister of State Administration of Press, Publication, Radio, Film and Television of China, said this when she led a Chineses delegation on a courtesy visit to the Permanent Secretary, Federal Ministry of Information.
Qiufang said that Nigeria and China had a long history of cultural relationship which must be sustained for the benefit of the two countries.
“China is exploring the existing bilateral relations with Nigeria in order to strengthen its cultural ties, especially in the field of media.
“China is the second largest economy in the world just like Nigeria is first in the African continent and a force to reckon with in the world.
She expressed delight over the mutual relationship that had existed between the two countries and promised that her country would do everything possible to sustain it.
Qiufang said that with the bilateral exchange and cooperation in the trade and economic fields, both countries, could lay a very good foundation for cultural exchange and cooperation.
She recalled that in 2012, some directors of the Nigerian Television Authority (NTA) participated in the China-Africa Media Cooperation Forum, organised by her ministry in Beijing.
This, she said, benefited the participants tremendously, especially in area of news reporting and broadcasting.
She also said that the CCTV and China Radio International had set up correspondents bureau in Nigeria to boost the media coverage of the country.
“The CCTV-Plus has signed an agreement with NTA to expand its reach in the broadcast of African News.
“With this effort alone, we believe that it will go a long way in broadening the scope of broadcast and mak it more attractive.’’
Qiufang commended the efforts of the Federal Government in developing the media in the country.
She said the delegation was in Nigeria to study the new regulatory framework in the country.
In her remarks, Dr Folasade Yemi-Esan, the Permanent Secretary, advocated for the broadcast of Nigerian programmes in the Chinese electronic media, to further strengthen the ties between the two countries.
She noted that unlike in Nigeria where Chinese programmes were being broadcast, none of Nigerian programmes was on air in China.
“The exchange of programmes has been one-sided; I don’t think there is any Nigerian programme on Chinese television.”
Yemi-Esan however, expressed optimism that the meeting with the Chinese delegation would reverse the one-sided trend in the broadcast of programmes.
She also commended the robust bilateral relations between Nigeria and China, which she said, had provided the ministry and its agencies the opportunity for staff training and technological exchange.
She noted that the staff training had been slowed down but expressed the hope that it would be reinvigorated as Nigeria had a lot to learn from the Chinese media industry.
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