E-Business
ISPON Wants 70% Software Budget Spent on Local Solutions
The next battle field for globalization will be of constructive National Policies and Strategies on software, digital Security and Artificial Intelligence of Things (AIoTs), said Mr. Olorogun James Emadoye, president of the Institute of Software Practitioner of Nigeria (ISPON).
Other sensitive areas, he said, include, but not limited to: Empowering the Youth and the New Creative Class; Understanding and Classifying Software as essential products such as Food & Drugs; Devote great interest to promoting Digital Games with African Content; Engaging and facilitating Access to Mobile Broadband technology/IPv6 and reduce the unavoidable Africa e-Culture Shock of 21st Century.
In lieu with the drives, ISPON President said that President Mohammad Buhari will be doing his government great good by ensuring that the 70% of the over 15Billion Naira budgeted in 2016 for Computer Software Acquisition is spent only on software produced by Nigerians and Nigerian companies.
“The concept of fear and/or ignorance of Technology and Information Technology in particular (in top government policy-makers and informed citizens) have become a critical factor for the advocacy of e-readiness for the financial transaction Ecosystem.
“Government-to-Government (G2G) process automation is fundamental to the actualization of the objectives set forth in our National Economic Empowerment Development Plans; and the Sustainable Development Goals (SDGs) of the United Nations.
“These plans are focused on how Government-to-Citizen (G2C) interface can grossly benefit the citizenry. Above all, G2G is critically essential to facilitate and accelerate the transformation and enhancement of the vital component of Government-to-Business (G2B) processes.
“President Mohammad Buhari will be doing his government great good by ensuring that the 70% of the over 15Billion Naira budgeted in 2016 for Computer Software Acquisition is spent only on software produced by Nigerians and Nigerian companies.
“This will ensure that the over 65% of our population who are Youth benefit greatly and shall serve as the tunic and pathway from the current recession”, he said.
Speaking on “Nigeria At 56 Which Way”, Emadoye recalled that the United Kingdom (U.K) has introduced coding into the national school curriculum; the Department for Education said its aim was to prepare children for ‘life in modern Britain’ the first G20 country to take this step.
“The clock is clicking and the time can no longer wait for a people who are not ready to take their destiny seriously. It is in the light of the above that I humbly wish to recommend to the Nigeria government as follows: E-Government skill acquisition should be made mandatory for all government policy makers, strategists and Political Leaders to drive social inclusiveness.
“And readiness for e-Everything; establishment of software development fund through the Bank of Industry (BOI) to be administer by the BOI at an interest rate/management fees less than 5% for Software companies and professionals towards developing capacity, attaining standardization and packaging made in Nigeria software to international standards and establishment of special State IT-Innovation Research Laboratories on Indigenous Software Development and Future Technologies and Embedded Systems – focused on Internet of Things (IoT.).
He said that ISPON also believes it’s high time National Software Development Fund (NSDF) be established, to build and estimated 500,000 Developers in 3 years) as large scale IT Workforce, as well as empower Entrepreneurs, Startups, and IT Professionals.
“We also recommend for the establishment of a standing special curriculum drafting committee for primary, secondary and tertiary level of education in Nigeria the committee should constantly retool the curriculums and finally, State should retool all lecturers and civil servants to deliver digital dividend through inclusiveness in the emerging information society (IS)”.
The Institute of Software Practitioners of Nigeria (ISPON), is the Industry-Professional body for Indigenous Software Developers and Practitioners in Nigeria.
ISPON was established in 1999 with the aim of creating an enabling environment for local content developers to thrive locally and internationally.
The Body has been in the forefront of championing the advocacy for the application and utilization of locally developed software in order to boost our economy, GDP and give Nigeria an alternative to Oil as a revenue earner.
Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.
The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.
“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.
The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.
It added that it would update its website blog with more information as its investigation continues.
Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.
Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.
Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.
A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.
“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.
Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.
Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.
It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.
Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.
National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.
According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.
NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”
The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.
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