Managing Director, Nigeria Inter Bank Settlement System Plc, Mr. Ade Shonubi
The Nigeria Inter-Bank Settlement Systems Plc has collaborated with Samsung and the IBM to promote the cashless policy through a programme called eNNovation Challenge.
The eNNovation Challenge is an online crowd sourcing contest, which is open to members of the public.
A statement by the organisers said 10 young Nigerians emerged winners in the 2015 edition of the annual programme.
The Managing Director, NIBSS, Mr. Ade Shonubi, was quoted as saying, “The contest seeks to promote the spirit of innovation, and showcase the depth and variety of talents available for cognitive cultivation in the national economy.”
The NIBSS was said to have conceptualised the pan-Nigeria, multi-disciplinary contest by collaborating with IBM and Samsung to ensure that the initiative benefitted from best global practices.
The statement noted that the entries were adjudicated using several parameters such as creativity, uniqueness, practical application/impact and potential for commercial viability.
“The contest was born out of our proactive measure to solve some of the challenges posed by the nation’s cashless policy programmes,” Shonubi added.
He said over 1,800 entries were received at the initial stage of the competition earlier this year. The screening and judging panel comprised top industry executives from the CBN, NIBSS, eTransact, Microsoft, Paga, Konga, Samsung, IBM, TEP, Dudu Mobile and CitiServe Limited.
However, there were 30 best entries from which the top 10 ideas were later selected.
Eventually, only four of the entries in the top 10 group met the project’s pre-defined standards for ‘outstanding innovation’, earning each of them the top prize of N350,000, in addition to other gift items.
All the top 10 finalists also received Samsung tablets, printers, notebooks and T-shirts.
The Mobility Manager, Samsung Nigeria Limited, Mr. Charles Chukwuemeka, was quoted as saying, “A cash-based economy poses many challenges; it is an increasingly expensive and insecure way to transact business.”
“Mobile money is the future of retail and commerce. Soon, almost everybody will be using one type of mobile device and this eNNovation challenge offers us a good platform to promote mobile innovation. Samsung believes in innovation and we invest a lot in young people.”
Source: punch
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