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2023 Talent Hunt Research Through Hackathon: NCC Uncovers, Rewards the Brightest Minds in Tech Industry

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“In a world where innovation is paramount, we often witness the remarkable potential of Hackathons to showcase, fresh perspectives on existing challenges. These events serve as instrumental tools in sustaining innovation and mobilizing the collective intelligence of the innovators to tackle pressing real-world issues, both in the business realm and within our social fabric.

By Abdulrahman Aliagan, Abuja

The Nigerian Communications Commission (NCC) held its highly anticipated NCC 2023 Talent Hunt Research through Hackathon recently, showcasing the incredible talent and innovation within the country’s tech industry. The event, was held at the Nigerian Communications Commission Head Office, Plot 423 Aguiyi Ironsi Street, Maitama, Abuja, drew participants from various sectors and resulted in an inspiring display of cutting-edge technological advancements.

The talent hunt research, organized by the NCC, aimed to uncover and reward the brightest minds in the tech industry. With 81 entries received, the competition was fierce, showcasing the immense potential and creativity of Nigerian innovators. After careful evaluation, 12 entries were shortlisted for the tech innovation contest, setting the stage for an exciting display of groundbreaking ideas.

The event was graced by the presence of esteemed guests, including Engr. Ubale Maska, the Executive Commissioner Technical Services, who delivered a thought-provoking keynote address. His remarks emphasized the crucial role that technology plays in shaping the future and the importance of nurturing and supporting the innovative spirit within Nigeria.

According to him, “In a world where innovation is paramount, we often witness the remarkable potential of Hackathons to showcase, fresh perspectives on existing challenges. These events serve as instrumental tools in sustaining innovation and mobilizing the collective intelligence of the innovators to tackle pressing real-world issues, both in the business realm and within our social fabric.

“Throughout the years, the Commission has actively promoted hackathon competitions, each with a thematic focus aimed at addressing significant challenges within our industries and society as a whole. Some noteworthy examples include hackathons that yielded innovative solutions for issues such as kidnapping and banditry, E-waste management, and strategies to mitigate the COVID-19 pandemic.”

He added that, “This year’s event focuses on three pivotal thematic areas, those that not only pertain to our great nation but also resonate with global concerns.

“These themes are: Blockchain-enabled Data Protection Solutions for Enhancing Regulatory Compliance, Assistive Technology Solutions for the Elderly and People with Disabilities and Technology Solutions for Renewable Energy in Rural Areas

“Consequently, I am happy to announce that this Talent Hunt Research through Hackathon is just the inception of the Commission’s unwavering commitment to nurturing innovation and nascent ideas. The culmination of this competition is not confined to the grand prize of Ten Million Naira (N10,000,000.00) awarded to each winner from these three thematic areas for the development of their solutions, but goes beyond this, as the Commission takes a holistic approach to support these promising innovations. We closely monitor the progress of these solutions as they evolve into full-fledged prototypes.”

In his welcome address, the Director Research and Development Department, Nigerian Communications Commission (NCC), Alh Ismail Adedigba at the closing ceremony of the 2023 NCC Talent Hunt Research through Hackathon, congratulated the young innovators who have been selected to participate in this highly competitive project, the Hackathon. According to him, “We have every confidence that you have brought forth a plethora of creative solutions, and we eagerly anticipate the outstanding commercializable prototypes that will emerge from your endeavours.”

He added, “We find ourselves in an era marked by rapid change, driven incessantly by innovation and technology. I am deeply convinced that events like this innovative Hackathon, if held regularly, offers us invaluable opportunities to unearth and adapt to new technologies. These adaptations will equip us to effectively navigate the ever-evolving landscape and surmount the current and future challenges facing not only our industries but also our broader societal spheres.

“It is imperative to acknowledge that our young innovators have a pivotal role to play in addressing existing industrial challenges and formulating technology-driven solutions that yield tangible social impact.

“Innovation in Communication Technologies stands as the driving force behind the very essence of the Telecommunication industry today. Technology has emerged as the catalyst that unleashes unprecedented potential in ways we could scarcely fathom. Consequently, the advancement of the Telecommunication sector, and doing so in a manner that is sustainable and ethical, should be a collective concern for all of us. The rate of growth experienced by the Telecom sector, thanks to innovative research, is nothing short of enviable. It is essential that the vision of the Commission for this Competition resonates profoundly with all stakeholders in general and accelerating our collective prosperity through technical efficiency agenda of the Honorable Minister of Communications, Innovation and Digital Economy.”

Among the notable winners of the event were three exceptional startups, each showcasing their groundbreaking solutions to pressing societal challenges. In the Blockchain Solution category, Know-Now Limited emerged victorious, taking home the impressive N10 million Prize. Their innovative use of blockchain technology promises to revolutionize various industries, offering unparalleled security and transparency.

In the Renewable Energy Solutions category, Solaris GreenTech Hub stole the spotlight, securing the N10 million prize. Their sustainable energy solutions hold the potential to significantly impact Nigeria’s energy landscape, offering cleaner and more efficient alternatives.

Lastly, in the Assistive Technology Solutions category, Spex Care Limited emerged as a winner, earning the esteemed N10 million prize. Their groundbreaking assistive technology promises to enhance the lives of individuals with special needs and disabilities, providing them with greater independence and inclusivity.

While these three startups celebrated their well-deserved victories, the NCC recognized the immense talent among the remaining nine innovators. These finalists were awarded a consolation prize of N500,000 each, along with certificates of commendation. The NCC commended their exceptional work and encouraged them to continue pushing the boundaries of innovation.

The event served as a testament to the vibrant and thriving tech ecosystem in Nigeria. The NCC’s Talent Hunt Research through Hackathon not only provided a platform for showcasing groundbreaking inventions but also highlighted the country’s commitment to fostering technological development and providing support to budding entrepreneurs.

As Nigeria looks towards a future driven by technology, initiatives like the NCC 2023 Talent Hunt Research through Hackathon play a crucial role in driving innovation and propelling the nation to the forefront of the global tech industry. With the support and encouragement from organizations like the NCC, Nigeria’s tech scene is set to flourish and make a lasting impact on both the local and international stage.

 

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

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  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. The African Dimension  Africa makes this dynamic unusually visible, and consequently offers an unusually clear opportunity to correct it. The continent’s infrastructure financing need, by any measure, is vast. Less understood is that the shortfall is disproportionately one of preparation rather than capital. Nigerian gas-to-power, off-grid solar and mini-grid developers have each demonstrated that individual projects can clear the bankability bar; what has not emerged is systemic pipeline scale, a steady stream of comparably prepared projects large enough to absorb the capital already circling the sector. The pattern repeats, with local variation, from grid infrastructure in East Africa to transport corridors in West Africa. Interested capital is rarely the scarce input. Investment-ready projects are. The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
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