General News
Local Computer Systems are for Nigerian Environment – Balogun
Tunji Balogun is the managing director of Brian Integrated Systems, manufacturers of world class desktops and laptops as well as other computer accessories.
He is also, president, Computer and Allied Products Dealers Association of Nigeria, (CAPDAN) and the brain behind Balog Technology, distributors of computer products. Balogun is a member of many ICT associations; Balogun started his career in the ICT industry over 35 years ago with NCR Plc.
He spoke to peter ugwu, on issues concerning the relocation of Computer Village in Lagos to it permanent site among others.
Brian Computer in Stiff Competition
In Brian Computers we have competitive edge based on research and development (R&D).
We have maintained our leading role, coming out with systems that people want and the design they love.
We are driven by innovation, not seating in a place. We are abreast with technology and will keep fate with the people.
There is no reason why we cannot be in business. Our after sales service is second to none.
Our engineers are always ready to attend to issues as they arrive. In essence we adopted customer-centric approach, which is important to us.
If you place the foreign systems side-by-side local OEMs system they are the same thing, especially with the software.
We buy our hardware from the same manufacturers; the difference among brands like HP, Dell and Brian is the final customization.
Honestly speaking, our systems go through some stringent measure when it comes to Quality Control (QC). We make sure that every part put in use is tested to adapt to the Nigerian environment before they are fused into the systems.
There is no foreign brand that can flaw any of the local brands because we all operate in the same market, using the same models and equipment to manufacture. We even go above board to ensure they are adaptable to the Nigerian environment.
Brian’s Partnership Ventures
We have executed a number of partnership programme like in River State. We have finished that and put it behind us.
Currently we have other projects with NCC, State Governments and other agencies. We are growing and moving forward.
Building Hardware
Building of hardware is a huge capital project. It is not like building mobile phone casing. That is a different project.
If you are in the business of building phone casing or cover, that is a particular specialization and different from building systems. We are concentrating on building systems; that is Brian Laptops and Desktops and we will focus on that.
Relocation of Computer Village
We are hopeful on the process, however presently we are not aware of the direction things are going on the movement of the Computer Village.
So, we cannot make categorical statement on how the movement is going to be.
CAPDAN Not Carried Along by the Lagos State Government
The piece of information we have presently is on the architectural design. Meanwhile, we have been working with the Agencies of the Lagos State Government involved in the process like the Ministry of Environment.
We have made ourselves clear on how we want the process to be, particularly on the appointment of the contactor to handle the project. We have short listed about four builders we believe are competent to give us the kind of structure needed in the new ICT hub.
Any of them chosen is supposed to execute the contract. That is the level I can say the process is now.
The State Government is yet to give us the final builder penciled to commence work at the site.
CAPDAN’s Decision to Shortlist Contractors
There are some infrastructural developments we look forward to see in that place. Is not like the State Government cannot provide a competent contractor to handle the project, but as partners in progress we are permitted to make contribution to that effect. We know what we want.
To be honest with you, we have seen the drawing and have made our input known. It is not about building a replica of what we have in the present Computer Village. What we need is an ICT park.
The new village is supposed to house all shop owners, offices, warehouses and other important platforms we have presently.
We also look forward to have training centres, banks, schools, police posts; in fact, a clear departure from what we currently have. The village is going to be an international ICT hub or edifice.
Customers’ Readiness to Visit the New Park
Well, some people have called the place a remote area, but looking at it, it is on the heart of Lagos.
Not only that, it stand by the major road; about five minutes drive to the airport. We have been partaking on the process from the beginning. So, we are not going to lose our customers.
They know the quality of services and products we offer them at the village, which we are going to ensure we maintain the quality at the new place.
It is not about new centres springing up in Lagos, most of the people opening centres outside the Computer Village received their training here. When the centres are coming up we see it as a welcome development.
This shows that we are really working.
Thus, quality services and low charges we offer to the customers will always remain incentives to drive the market. Computer Village remains the largest concentration of computer sellers and buyers in ICT industry in the whole of West Africa region, if not Africa as a whole.
Possibility of the Project Turning to White Elephant Project
Well, personally, I am not skeptical of Lagos State Government’s decision or actions concerning the project.
We are optimistic and CAPDAN as a body believes so much in the administration of Babatunde Raji Fashola that the project will see the light of the day. As far as we are concerned, this Government does not say what it does not want to do. More so, the engagements we have had with them show that everything is in good fate.
However, I think the government wouldn’t want to do anything that is not below the aspirations of operators at the Computer Village.
And they are not going to do anything putting us behind, because we have every right to reject any work that does not meet our expectations or if we are not integrated into the process. You cannot shave a man’s head at his back.
Feelings of Your Members about the Project
They are very enthusiastic about the relocation plans. I think so, firstly, the advantages we will deliver upon movement to the new site are numerous.
Like the rent, it is not going to be what is obtainable at this present computer village and they have option one to buy and own the shops there. As they become the landlords, then we can be able to control the environment.
Unlike what we have here, ‘area-boys’ (touts) everywhere.
The environment at the present Computer village is not conducive for business, so we applaud what the Lagos State Government is trying to do. In the first place, this is not a business environment rather residential quarters.
But due to pressure and the geometrical growth in information and communications technology in Nigeria the place couple with its strategic position in Lagos, was turned a business district.
Not by the government but the business people and their landlords. We should expect the kind of commotion we witness here; an environment built initially for business.
However, we have been partnering the Lagos State Government through the Ministry of Environment and task-force boards to ensure there is sanity in the area.
So, when everybody is working, CAPDAN executives have not rested on their oars to ensure our members are peaceful. Meanwhile, it is left for other agencies like the State Security Service (SSS) and the local government to come to the aide of the computer village.
Multi-national IT Companies Buying into the Process
Actually, we do not have to go after them, they have no option that to come after us. We are talking about an ICT park that will have buyers coming from different places to transact business in a more conducive environment.
Most of these multi-nationals cannot find their bearings into the market if we are not there. Should they decline to move along as the process progresses, they may not find where to start marketing or showcasing their products; so they need us. I strongly believe that we are not going to be at their mercy.
General News
MSMEs Paucity of Funds Receives Boost as Senate Backs Bill Seeking to Unlock Cash for them

Businesses across Nigeria, particularly micro, small and medium enterprises (MSMEs), may soon be able to convert unpaid invoices and credit sales into immediate cash without relying on conventional bank loans following the passage of the Factoring, Assignments and Receivables Financing Bill for second reading in the Senate.

The bill, which seeks to establish a legal framework for factoring and receivables financing, is expected to improve access to credit, boost liquidity for businesses and enhance domestic and international trade.
It also seeks to provide legal certainty for the assignment of receivables through factoring, promote transparency, modernise assignment laws and facilitate greater access to credit for businesses across the country.
Leading debate on the bill which was sent from the House of Representatives for concurrence, Senate Leader Opeyemi Bamidele said on Tuesday that the proposed legislation would create an enabling environment for debt factoring to thrive in Nigeria while defining the rights and obligations of creditors, factors and debtors involved in such transactions.
He explained that the bill provides for factoring contracts between sellers and factors and clarifies the legal relationship among parties in receivables financing arrangements.
According to Bamidele, the legislation has already passed all legislative stages in the House of Representatives and has complied with the Senate’s procedural requirements under Order 78(3) of the Senate Standing Orders.
He told lawmakers that the Senate Ad Hoc Committee on Compliance, chaired by Abdul Ningi, had scrutinised and cleared the bill for concurrence.
“The committee confirmed that all procedural requirements for consideration and concurrence by the Senate have been fully met,” he said.
Seconding the bill, Adetokunbo Abiru said the legislation would provide businesses with an alternative source of financing by enabling them to turn credit sales into cash and improve their working capital.
Abiru noted that factoring has become increasingly popular across Africa over the last decade, largely through initiatives supported by the African Export-Import Bank (Afreximbank).
He disclosed that the African factoring market is currently valued at over $50 billion, but Nigeria’s participation remains below one per cent.
According to him, countries such as Egypt and Morocco have benefited significantly from the financing model, adding that Nigeria risks missing out on the growing market without a clear regulatory framework.
“I think that passing this major legislation will help support our micro, small and medium enterprises in terms of converting most of their credit sales into cash without going through the normal borrowing arrangement,” Abiru said.
In his remarks, Ningi also assured lawmakers that the compliance committee had reviewed the bill and found no legal impediments to its passage.
Following a voice vote, the Senate approved the bill for second reading and subsequently referred it to the Committee of the Whole for clause-by-clause consideration.
General News
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank

The IMF on Tuesday warned of risks surrounding Nigeria’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex.

Recall that the Senate in April gave its approval to the agreement, joining other Africa borrowers like Senegal and Angola who have tapped similar arrangements over the past year.
“Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the terms are not always very transparent when we reviewed these instruments across countries,” Christian Ebeke, IMF resident representative in Nigeria, told reporters.
Ebeke said Nigeria could instead issue eurobonds to finance its deficits or other means to raise funding, including on concessional terms.
Nigeria intends to use proceeds from the total return swap, or TRS, to refinance expensive debt and pay for infrastructure.
In its latest Article IV review, the Fund praised Nigeria’s sweeping reforms, saying they had strengthened economic stability and investor confidence, but warned that the benefits had yet to reach millions of citizens and could be undermined by global shocks, including the Middle East conflict.
The reforms since 2023 under President Bola Tinubu – including fuel subsidy removal, tighter monetary policy and exchange rate liberalisation – had rebuilt buffers and improved macroeconomic management, the IMF said.
However, it cautioned that the reforms were also contributing to social strain, with poverty levels at 63% and millions facing food insecurity, underscoring a widening gap between macro gains and household realities.
The IMF said improved policy credibility and forex reforms had helped Nigeria regain access to international capital markets and attract portfolio inflows, while reducing risk premiums. The central bank says gross reserves are at $50 billion, the highest in 17 years.
But reliance on volatile foreign portfolio investment poses rollover risks, the IMF said, urging a shift towards more stable, long-term capital such as foreign direct investment.
General News
SSDC Warns Businesses against Cyber, Election-Related Risks

Security Skills Development Company (SSDC) has released its 2026 Security Outlook, highlighting four major security challenges expected to shape Nigeria’s business and operating environment as the country moves closer to the 2027 general election.

The report, developed from a nationwide survey and expert contributions at the recently concluded Security Thought Leadership Roundtable, identifies internal security threats, protection of national assets, cyber risks and election-related instability as the most significant concerns facing organisations and institutions in the coming year.
According to SSDC, findings from the survey and stakeholder discussions reveal growing concern over the increasing complexity of security challenges and their potential impact on business continuity, economic stability and public confidence.
A substantial number of respondents identified internal threats within organisations as an emerging risk, pointing to the need for stronger corporate governance, workforce integrity measures and structured risk management systems.
Security experts at the roundtable noted that weaknesses in critical public infrastructure and national assets could have far-reaching consequences for the economy and national development if not adequately addressed.
The report also highlights cybercrime as a persistent and evolving threat to both public and private sector institutions.
Participants stressed the importance of strengthening cyber resilience through proactive monitoring, investment in technology-driven safeguards and improved security awareness.
Another key concern raised in the outlook is what SSDC described as the “2027 Election Shadow.” Many respondents expressed concerns about the possibility of heightened political tension as the election season approaches, warning that uncertainty and security disruptions could affect business operations, investment decisions and overall economic confidence.
Speaking on the report’s findings, Mike Igbodipe, managing director, SSDC, called for a more strategic approach to security management across both public and private sectors.
He said organisations must move beyond reactive security measures and integrate security considerations into their broader strategic planning and decision-making processes. He also advocated the development of a gold-standard, locally certified training programme for security professionals tailored to Nigeria’s unique security environment.
SSDC, a security training and consulting firm focused on advancing professional standards in Nigeria’s security sector and strengthening industrial resilience through capacity building and strategic expertise, said the Security Outlook forms part of its ongoing thought leadership initiative aimed at promoting informed dialogue on national security, institutional resilience and risk management.
The company reaffirmed its commitment to supporting stakeholders through research, training and strategic advisory services designed to improve preparedness and response to emerging security challenges.
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