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Enabling Environment for Nigeria Content Development in the ICT Sector (3)

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All these initiatives of Zinox involves much expenditure of resources, but the most saddening thing is that we are not encouraged by people defaulting after the initial deposit.

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Credit Policy

Infrastructure

: These have already been highlighted earlier, but permit me to share some experience. Freighting is an essential part of goods distribution and contributes to marketing. : Nigerians are yet to come to terms with credit purchase. The Central Bank of Nigeria is coming up with many policies to encourage the use of credit cards. The unfortunate thing is that even in this early stage many people are already defaulting in meeting their payment obligations. : Pricing of our goods is affected by the volatility of the foreign exchange. So prices cannot be maintained.

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In November 2007, Zinox lost a whole truck conveying goods to Yola through fire. This incident is avoidable where the roads in order.

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e. Purchasing Power

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f. Local Content

g. Power

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h. Discrimination against Nigerian made Goods

i. Bulk Purchasers

j. Security

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: The agencies saddled with security of lives and properties in the country appear helpless to the prevailing state of insecurity in the country. : People saddled with bulk purchase of products for their organisations prefer buying from abroad (even where local and equally good substitutes are available), thereby depleting our foreign currency because of the kick back they get in hard currency. : Nigerian psyche has been steeped in the notion that foreign products are preferable even when there alternative high quality and cheaper local products. Even the government officials for some selfish or pecuniary reason also think this way. : Power generation, transmission and distribution in Nigeria right now are tottering in miserable obscurity or virtually non-existent. There is no need flogging a dying horse. For solution we should look at cost effective form of generation – nuclear energy. : The strangle hold the foreign companies have on the upstream sector of the oil industry and the profit they are scooping out of this country, is not making them develop the downstream sector. And most local investors do not have the capacity to go into the sector. Thus certain products from petrochemical plants that would have impacted the development of local content are still being imported. In the ICT industry, only cardboard cartons are produced locally. : The amount of disposable income available to majority of Nigerians is so low due to wide spread unemployment and poverty. This affects the ownership of this all important ICT tool.

What role can government and other relevant agencies play?

Most of these factors that negatively impact industries are within the purview of government to remedy. Having said that, we believe that Government needs to:

a. Improve policy, legal, and regulatory frameworks;

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b. Build institutional capacity across sectors and at various levels;

c. Seek out and respond to industry needs and preferences;

d. Establish and maintain a range of oversight, accountability, and feedback mechanisms; and

e. Mobilize and allocate public resources and investments.

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Conclusions and Recommendations

We want to conclude that the ICT industry in its present embryo stage needs government partnership. Partnership between government and the private sector engenders trust. Industries have recently seen a significant increase in various forms of partnering. The intent of these relationships is to improve competitive advantage through collaboration and the best use of talents, working toward a common goal. This commitment forms the foundation for an environment of trust and cooperation that benefits everyone. The Japanese model supervised by the Ministry of International Trade immediately after World War II wrought the economic miracle that catapulted Japan into one of the most industrialised countries in the world today. Government should have a look at how that model can be adapted to suit our environment. We are not asking to be spoon fed, we only want a level playing field to enable us compete.

Based on the foregoing, we would like to see the following recommendations implemented.

1. Policy consistency

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2. Pioneer status incentives

3. Investment in infrastructure provision and maintenance

4. Human capital development vis a vis empowering educational institutions to be ambient to current global trends

5. Long term Capital provision at rates that compete with international financial institutions

6. Welfare of citizens including social safety net Legislation against dumping

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Concluded

Airlines in Nigeria do not operate cargo flights to some airports in Nigeria, hence insist on cargos being accompanied with the attendant increase in cost.

 

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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NCAA to Introduce RFID Technology to Tackle Missing Luggages

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Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

NCAA to Introduce RFID Technology to Tackle Missing Luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.

Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.

According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.

Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.

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Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.

He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.

The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.

The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.

The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.

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Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

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eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.

In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”

Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.

However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.

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She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.

Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.

“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.

Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.

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PalmPay Reinforces Commitment to Youth Empowerment on International Youth Day

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PalmPay exclusives and the ten outstanding participants who secured internship placements with the PalmPay team at the PalmPay Purple Woman 3.0 2026.
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As the world marks International Youth Day, attention once again turns to the opportunities and challenges facing young people as they prepare for work, financial independence, and adulthood.

In Nigeria, the urgency is clear. According to UNICEF, about 7% of young people aged 15–24 possess basic ICT skills, highlighting a wider gap in the skills required to participate effectively in an increasingly digital economy.

At the same time, the Federal Government, through the Federal Ministry of Youth Development, continues to prioritize skills development, job creation, entrepreneurship and social inclusion.

For PalmPay, youth empowerment goes beyond corporate social responsibility. It is an investment in the people who will shape Nigeria’s workforce, businesses and economy.

This belief is reflected in initiatives focused on financial literacy, employability, digital skills and access to opportunities.

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Through its Graduate Trainee Programme, PalmPay provides young graduates with opportunities to gain workplace experience, develop professional skills and build careers in a fast-evolving industry.

The investment also extends to financial education. Through its NYSC Financial Literacy Programme, PalmPay brings practical financial education to young Nigerians at an important transition point, helping Corps members develop better habits around saving, spending, budgeting and protecting their money.

For young women, Purple Woman provides another pathway to economic empowerment, creating opportunities for internships, learning and professional development while supporting greater female participation in the technology sector.

Speaking on the importance of youth empowerment, Chika Nwosu, Managing Director of PalmPay Nigeria, said: “Nigeria’s young population is one of its greatest assets, but unlocking its potential requires access to the right skills, knowledge and opportunities. At PalmPay, we are committed to equipping young Nigerians to learn, earn and thrive in an increasingly digital economy. We believe that investing in young people today is an investment in a stronger, more inclusive Nigeria.”

These initiatives reflect a broader belief that youth empowerment is most meaningful when young people are given the knowledge, exposure and opportunities to apply what they learn.

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A graduate given workplace exposure today can become tomorrow’s business leader. A Corps member who develops sound financial habits can carry those lessons into their career and personal life. A young woman given access to professional opportunities can gain the confidence, experience, and networks to create opportunities for others.

Investing in young people is a great strategy for building a stronger, more productive, and more inclusive economy.

This International Youth Day, PalmPay reaffirms its commitment to investing in young Nigerians and contributing to a broader national ambition where the young population is not just counted, but equipped, employed, empowered, and positioned to lead.

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