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Business

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ICT

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

Insurance

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

Leadway Group, Nigeria's non-banking financial services group, has unveiled...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

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Business

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Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

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The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

Insurance

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

Leadway Group, Nigeria's non-banking financial services group, has unveiled...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

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IoT Could Transform Lives in Developing Countries via ‘Connectivity Key’

A new report from ITU and networking giant, Cisco, identifies the Internet of Things (IoT) as a major global development opportunity that has the potential to improve the lives of millions and dramatically accelerate progress towards the UN Sustainable Development Goals.

Launched at the Pacific Telecommunications Council annual meeting in Hawaii, “Harnessing the Internet of Things for Global Development” outlines how IoT could have a major impact in areas such as grassroots delivery of health care and education, positively transforming communities within a time frame that would have been unimaginable even a few years ago.

The joint report argues that strong demand for IoT technologies has created a huge array of IoT devices that are readily available, affordable and scalable for developing countries, providing an ideal platform to energise growth in emerging economies and improve people’s quality of life significantly – all with minimal investment.

The ITU/Cisco report points to evidence of IoT already having an important impact on health, education and livelihood programmes (such as agricultural productivity) in developing countries.

It cites three prime drivers that, if supported, could create an ‘IoT revolution’ in the developing world:

Availability: IoT devices are already common, cheap and easy replaceable in developing markets. Basic infrastructure to support IoT (Wi-Fi, Internet cafés, etc.) is already in place in many developing communities, with near-ubiquitous basic mobile connectivity (95% global 2G coverage, according to ITU’s latest statistics) and growing levels of 3G coverage (89% of the world’s urban dwellers – but only 29% of rural inhabitants).

IoT devices are increasingly being used in rugged, remote and inhospitable environments. ‘Extreme conditions’ operating parameters are now being built into IoT specs as more and more devices are required to operate outside in varying conditions and climates – making them well-adapted for challenging environments.

Affordability: IoT R&D costs continue to be absorbed by strong demand in developed world markets, and there is little cost associated with ‘tweaking’ IoT devices for the developing world. The report also notes that in many cases, more complex developed world infrastructure is not required or necessary for developing markets; ‘core IoT’ is readily available and provides a digital backbone to build upon.

Scalability: IoT devices are designed to be scalable. Many devices already offer very simple ‘plug & play’ functionality and do not require skilled technicians for installation or maintenance. Reduced and alternate power supplies (such as solar) can maintain sensors and networks where there is no consistent electricity supply, making them ideal for countries struggling with irregular or unavailable grid power.

Finally, IoT devices also tend to be highly flexible, offering short- or long-term solutions and expansion at the household’s, the community’s or the country’s ‘own’ speed.

“The Internet of Things is one of the most exciting areas of our fast-evolving ICT industry, offering huge potential for disruption and transformation. In the context of global development challenges, this means we have the potential to surmount long-standing hurdles in basic services like health care, both quickly and affordably. IoT could prove the long-awaited new approach that will help turn-around developing economies and greatly improve millions of people’s day-to-day lives,” said ITU Secretary-General, Houlin Zhao.

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