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Wrong Joseph Tegbe?

Joseph Tegbe

Partner and Head, Technology Advisory


HQ Phone:  (416) 777-3400

Direct Phone: +234 * *** ****direct phone

Email: j***@***.com


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333 Bay Street Suite 4600

Toronto, Ontario, M5H 2S5


Company Description

KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more t...more

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The session on the state as a key catalyst of growth in the Nigerian economy would be handled by Mr. Phillips, while Oba Otudeko will speak on a topic entitled: Towards an innovative, profitable and sustainable industrial growth in Oyo State which will have as discussants the GMD of Odu'a Investment, Mr. A. K. Jimoh, CEO Omatek Computers, Mrs. Florence Seriki, Executive Director, First Bank, Mr. U. K. Eke, DG, Standards Organization of Nigeria, Dr, Joseph Odumodu, Mr. Joseph Tegbe of the KPMG and Mr. Oye Hassan-Odukale, Managing Director of Leadway Assurance.


Nigeria is required to invest some $10 billion over the next five years in order to facilitate the build out of requisite internet broadband infrastructure needed to sustain government's plan to diversify the economy away from oil, said Joseph Tegbe, partner, management consulting at KPMG.
Speaking at the MainOne-BusinessDay Broadband Summit 2015 in Lagos, recently, [...]


A Managing Partner at KPMG, Joseph Tegbe, agreed with Juwah that Nigeria's aim in pursuing the next generation broadband model was to achieve a high level of penetration across all geo-political zones in the country; ensure competitive and affordable pricing of high-speed broadband internet; position Nigeria as a leading infrastructure hub in Africa; ensure development of smart subsidies to support industry players and contribute to the growth and development of a knowledge economy in Nigeria.
Tegbe justified these expectations on the trending developments in the ecosystem and future developments where wearable electronics devices are the next mobile revolution. He stressed that the wearable computing was most likely to represent the next technology revolution and the emergence of wearable devices is expected to lead to significant disruption in the technology supply chain. According to him, companies not investing in enabling technologies might have limited scope for innovation and could potentially be challenged by newcomers that are less burdened by legacy technologies. While noting that Rwanda's $40 million national ICT backbone project, which was financed entirely by the government, might look small, he emphasised the importance of increased public investments as being critical to the goal of universal access in developing markets. He noted that the advent of broadband had fundamentally changed the way the people around the world interacted. For instance, he noted that there would be a threefold increase in the ratio of connected devices to global population by 2016, eightfold increase in global IP traffic over the last five years, that by the sheer volume of video contents available today, it would take six million years for an individual to watch the video content crossing IP networks each month in 2016. He noted as well that the number of messages delivered via Whatsapp per day had reached the 10 billion mark. Today, also, the number of smartphones and tablets users is around 1.5 billion, exceeding the total number of PCs globally. Another trend that also significantly showed the power of broadband is the fact that 25 billion downloads have been made of the various apps each since the inception of Android and Apple's stores. Interestingly, Tegbe also noted that 90 per cent of data that existed in the world today were created in the last two years, while also projecting that public cloud market in the US by 2016 will be in the region of $200 billion. While encouraging African governments to pursue their national broadband plan with vigour, he cited the instances of efforts being committed by governments of Canada, Malaysia and Brazil to fast track the broadband projects in their nations. In Canada, for instance, he noted that the government invested $250 million each year from 1996 to 2006, among other initiatives. He also enumerated several other international efforts to spur incentives for broadband development in countries like Japan, Korea, the Netherlands, Russia and Australia. These ranges from tax incentives in Japan to the commitment of $2.1 billion investment in Russia, $1.76 billion government low cost loans (2000 - 2005 from public fund) in Korea as well as $166 million grants for three projects and $66 million funding for fibre to home broadband initiative in the Netherlands. Within the context of Nigeria's developmental index, he noted that while Nigeria had been witnessing a steady economic growth, the hydra-headed problems of poverty, unemployment and huge infrastructure gaps remained a serious headache. He stressed that the wide gap in key social and economic metrics needed to be addressed through infrastructural development. However, he said that the sweetener was the fact that broadband had been proven to drive GDP growth, literacy levels and employment. This was because broadband and digitisation had a pervasive impact across sectors leading to inclusive growth in the economy. He said that it was for this reason that most countries had developed and were implementing broadband plans. According to him, it is also increasingly clear that countries aspiring to be on the forefront of innovation, global trade and knowledge leadership must have NGBN rollout on the agenda. To buttress these points, he said that proven statistics have shown that an increase of 10 per cent in a country's digitisation score fuels 0.75 per cent growth in its GDP per capita, a 10 point increase in the digitisation score leads to a one per cent drop in the unemployment rate, while an increase of 10 per cent in a country's digitisation score leads to an increase of 0.1 per cent in the E-government development index. Across Africa, Tegbe observed that while significant progress had been made in increasing broadband connectivity, the continent still continue to experience numerous challenges necessitating government intervention and support. He said that though international connectivity prices were declining, more work was needed to ensure that benefits reached the market. He acknowledged that investment in national backbone is increasing, but more wholesale competition is needed because the presence of state-owned incumbents as sole providers of national fibre capacity may lead to poor service flexibility, poor pricing or both, in addition to potential conflicts of interest. According to him, aggregation networks today still mostly rely on microwave, and suffer from a lack of competition because microwave remains prevalent technology for connecting base stations safe for South Africa, which is emerging as the notable exception through the services of Dark Fibre Africa. He noted as well that metro fibre infrastructure controlled by incumbent operators tends to be resistant to new pricing models. Painting a robust picture of the broadband market in Nigeria, he said though in the voice segment, teledensity had reached 85.3 per cent as at July 2013, active mobile subscriber base had reached 120.1 million, and in the data segment, internet penetration rate is 32.9 per cent and broadband rate is 6.1 per cent, the opportunities are enormous. For instance, he said that Nigeria now boasted over 50 million active internet subscribers mostly via mobile devices, enjoying increased adoption of social media such as Facebook, Twitter, YouTube, Instagram and LinkedIn. More interestingly, he said that online shopping in Nigeria was estimated at N62 billion in 2011 with a potential to rise to N150 billion in 2014.

NCC: Committed To Broadband For All - IT Telecom Digest

Making a presentation on behalf of the Commission, Principal Partner of KPMG, consultants to the NCC, Joseph Tegbe, told the audience that the investors will be encouraged to veer into areas where many consider to be less commercially rewarding through subsidy, and grants may be given out to further their interest in such areas.
Tegbe said the InfraCos will also be granted pioneer status as part of the incentives to boost their interest in investing in such areas or zones that may look unattractive. Furthermore, he said such InfraCos will get such incentives that could be up to 30 per cent mark up on their capital expenditure (CAPEX) and employee tax holidays as well.


Joseph Tegbe, principal partner of KPMG, who are consultants to the soon to be flaged off licensing regime, told the audience that the investors would be encouraged to veer into areas where many consider to be less commercially rewarding, through subsidy, and grants may be given out to further their interest in such areas.

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