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Like China and Japan: NASENI is Pathway to Nigeria’s Industrial Economy

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Khalil Suleiman Halilu, CEO, NASENI
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By Mr. Olusegun S. Ayeoyenikan

Nigeria cannot have real development without a sustainable industrial growth and manufacturing capacity which is the solution to poverty, unemployment and insecurity.

No doubt having an industrial goods production base and or a competitive industrial economy is the only remedy to Nigeria’s dependence on importation of goods, technologies and services from other nations.

 

What is an industrial economy? Simply put, it is the prevalent use of machines, equipment or technologies in industry and all business concerns which combine other factors of innovation, production, facilities, supplies, work and knowledge to produce material goods or services intended for the market.

The complex and functional nature of infrastructures and investments in science, technology and innovation system put in place by a nation to drive own’s industrial production and manufacturing techniques determine the relative presence or lack of apparent competitiveness in the production of processed and manufactured goods that are being connected between industrial activity and the activity in the primary sector, local or international trade and service activity.

When a nation significantly lacks the above-mentioned factors for economic efficiency, it faces industrial underdevelopment with all the associated deplorable social and economic conditions.

Countries like Japan and China who initially were not among European nations which experienced the first and second industrial revolutions in the 17th, 18th to 19th centuries respectively had rapidly advanced to join the league of industrialized nations of the West because those nations overtime deliberately invested in research and development (R&D), innovation, science and technology.

“Similarly, the newcomers to the global industrial arena, known as the Asian Tigers—Malaysia, Singapore, Thailand, and others—discovered the secret of substantial investments in science and innovation much earlier than many African nations, including Nigeria”

Science and technology, engineering research and innovation are the essential bedrocks for any meaningful industrialization endeavour to take place.  The implication for Nigeria is that if engineering, science, technology and Innovation are not given due priority in our nation’s economic recovery and growth plans, any success expected to be achieved will soon be short-lived or unsustainable. Countries like Japan, U.S.A, China, Germany, Indonesia others had overtime gained their reputation as “Economic Giants” due to the priority which the leaders gave previously to R&D investments, earmarking 5-6 per cent of their gross domestic products (GDP) for the development of science, technology and innovation (STI). Investment in STI is a core factor of development and therein lies the secret of advanced nations’ leadership, pursuit and commitment.

The founding fathers of the National Agency for Science and Engineering Infrastructure(Presidency) in 1992 established the agency with the aim of establishing and nurturing an appropriate and dynamic Science and Engineering Infrastructure base for achieving home-initiated and home-sustained industrialization process through the development of relevant processes, appropriate local machine design and machine building capabilities for capital goods and equipment manufacture to guarantee job creation, national economic well-being and progress.

Previous R&D efforts and other activities within NASENI’s mandate areas had translated into various technology interventions leading to attainment of capacities and capabilities in local mass production of capital goods, tools and equipment in critical sectors of the economy like agriculture, power, water resources, automotive industry, ICT, health, aviation, education, transportation, scientific equipment and manufacturing, chemical and other engineering materials. The list is boundless.

NASENI was strategically established to produce relevant technologies, set up industrial plants and stimulate knowledge-based entrepreneurship for the socio-economic advancement of the country.  Its major challenge in the past were lack of patronage of its products and technologies by local entrepreneurs or businesses, exacerbated by low commercialization attempts of its R&D results, leaving most of them wasting away on the shelves.

However, with the coming on board of a new chief executive, Mr. Khalil Suleiman Halilu, a techpreneur and businessman, there has been a dramatic change of focus toward full commercialization of NASENI’s resources, making them available in the market to end users of its R&D products, machines and other equipment to boost the economy. NASENI today stands as a beacon of indigenous technological advancement, aligning with its core mission of fostering dynamic Science and Engineering Infrastructure for national progress.

The agency under the leadership of Halilu has articulated a bold vision to fuel Nigeria’s innovation for a sustainable future through the 3Cs principle of Collaboration, Creation and Commercialization which have indeed opened more doors to result-based partnerships with national and international communities.

According to Halilu, “our new model at NASENI is to do everything to conserve resources, avoid duplication of efforts, and shorten go-to-market time. What this means is that wherever we find serious partners who are already operating in our areas of interest, we will work with them to improve our products and take these products to the market. As a government agency, we are not out to compete with the private sector. Instead, we are here as partners and enablers, helping with everything from design to testing, or helping companies in scaling-up production capacity and to seek out new markets.”

The agency recently unveiled to the general public some branded technological products manufactured in collaboration with its partners. They included solar irrigation systems, electric vehicles (ranging from tricycles to motorcycles), NASENI home solar system, animal feed milling machines, laptop, smartphone, solar streetlamp and lithium battery. All these efforts were geared towards creating jobs and to reduce import bills.

NASENI is not only promoting the development of digital technologies such as mobile financial transaction platforms to bring more people into the formal economy, the agency is also carrying out additive manufacturing, using 3D printing and other advanced manufacturing technologies to produce goods locally. NASENI has   developed an electronic voting solution to help reduce electoral malpractices during elections. The organization is also working on other projects such as smart prepaid meter and unmanned aerial vehicles (UAVs) to promote economic development in Nigeria.

In addition, there will be concerted efforts to increase the inputs of locally-sourced materials in all product components. NASENI will also work to ensure full transfers of all required Intellectual Property (IP) and technology elements including licensing for domestication and adaptations.

Halilu has pledged to keep the public updated about the progress in the industrial transformational journey of Nigeria, which is a direct manifestation of the Agency’s triple principle of Collaboration, Creation and Commercialization.  “As the only purpose-built agency of the Federal Government in Nigeria with a technology transfer mandate, NASENI will always focus on progressively scaling-up local-content sourcing, and strengthening domestic technical and production capacities,” says Halilu.

Going forward, the agency will continue to play crucial roles in Nigeria’s economic transformation not only now, but also serve as leader in the promotion of science and technology, developing indigenous solutions to foster economic growth, provide capital goods and services based on sound engineering practices, support infrastructure development that are essential for manufacturing and economic growth, including driving technological advancement through R&D amongst other initiatives.

Let all hands be on deck at this critical time in the life of our nation as the agency and its team of stakeholders, partners and collaborators continue to assist in pulling Nigeria out of her socio-economic difficulties through STI. According to recent statistics by National Bureau of Statistics (NBS), Nigeria’s investment in science and technology has led to significant growth in sectors like telecommunications, IT, and e-commerce, contributing around 10-15 per cent to gross domestic product (GDP). However, compared to other developed nations whose economic growth is dependent on STI, Nigeria is still lagging behind. China’s investment in STI contributes around 30-40% to its GDP; UK’s investment contributes around 20-25%; USA’s investment contributes 30-40% to its GDP while Indonesia’s STI contributes around 10-15 percent.

The lasting solution to our country’s economic dilemma now is for us to turn determinedly toward a continuous investment in science, technology and innovations as we journey toward industrialization, and regarding this particular endeavour for Nigeria, the National Agency for Science and Engineering Infrastructure (NASENI) is on the driver’s seat.

Mr. Olusegun S. Ayeoyenikan is the Director Information, National Agency for Science and Engineering Infrastructure (NASENI) Headquarters, Abuja

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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FG Directs Banks, Fintechs to Remit VAT on Service Fees

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The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms.

The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance fees, according to an email notice on Wednesday shared with customers by Moniepoint.

For example, if a bank charges N100 to make a transfer, the 7.5 per cent VAT will be applied to that service fee, not the money being sent.

“From Monday, January 19, 2026, we are required to collect a 7.5 per cent VAT, to be remitted to the Nigerian Revenue Service (formerly known as the Federal Inland Revenue Service).

“VAT will apply to certain banking services that include electronic banking charges such as mobile banking fees (transfers), USSD transaction fees, and card issuance fees,” the email read.

Other operators are expected to issue similar notices to their customers in the coming days. Services that will remain exempt include interest earned on deposits and savings, meaning customers will not pay tax on the returns from their accounts.

The NRS, formerly known as the Federal Inland Revenue Service, has set the deadline to ensure that all commercial banks, microfinance banks, and electronic money operators comply with the collection and remittance requirement.

Moniepoint stressed that this is not a price increase but a statutory obligation. “Moniepoint is required to collect and remit VAT to the Nigerian Revenue Service,” the company said in a statement.

The move is part of the government’s broader efforts to standardise VAT collection on digital financial services and expand revenue generation amid Nigeria’s growing digital economy. VAT on banking transactions is not entirely new; the NRS is now enforcing uniform collection rules across all platforms, ensuring compliance across the sector.

Customers have been assured that the new tax will be clearly itemised, with the VAT shown separately on transaction statements and reports.

In December, several commercial banks informed customers that the N50 stamp duty would be deducted on electronic transfers of N10,000 and above, following the commencement of provisions of the new Tax Act.

The charge, previously known as the EMTL, has now been formally reclassified as stamp duty and will be applied as a one-off fee on qualifying electronic transfers.

 


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Moniepoint Launches Second Cohort of DreamDevs Initiative to Double Down on Africa’s Tech Talent Pipeline

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Moniepoint Inc, Africa’s leading digital financial services provider, has announced the opening of applications for the second cohort of its flagship DreamDevs initiative, a transformative program designed to bridge the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.

With applications open to graduates across Nigeria, DreamDevs is designed as a national talent search for the next generation of world-class engineers. Each year, just 20 high-potential candidates are selected into an intensive bootcamp, with the strongest performers progressing into internship and full-time roles at Moniepoint. Last year’s cohort delivered four hires – three interns and one full-time engineer – validating the programme’s role as a high-impact talent pipeline.

Targeting graduates from technology, computer science, engineering, and related fields with foundational programming knowledge in HTML, CSS, and JavaScript, DreamDevs offers a rigorous nine-week boot camp that immerses participants via hands-on training from leading software engineers. Standout performers will secure six-month internship placements at Moniepoint, with potential progression to full-time employment based on performance.

“The results from our first cohort validated our belief that with the right training and support, Africa’s young tech talent can compete globally,” says Felix Ike, Co-Founder and Chief Technology Officer at Moniepoint Inc. “This year, we’re doubling down on our commitment by aiming to convert half of our participants into full-time employees. For us, DreamDevs is all about creating sustainable career pathways that drive Africa’s digital economy forward.”

The initiative aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag that produces 500 specialised developers annually across software engineering, intelligent systems, and IoT/embedded systems as well as its hugely popular, Women-in-Tech which is now in its fifth year.

The initiative is also in tandem with the Federal Government’s 3 Million Technical Talent (3MTT) programme, for which Moniepoint serves as a key sponsor. While the 3MTT programme focuses on mass technical skills training across Nigeria, DreamDevs provides a specialised pathway that takes graduates from foundational training through to employment, creating a complete talent development ecosystem.

“We’re proud to support the government’s vision of building three million technical talents while also creating direct employment opportunities through initiatives like DreamDevs. This multi-faceted approach ensures we’re contributing to national goals while simultaneously addressing our industry’s immediate talent needs.

“By investing in young people and providing them with practical experience, startup incubation support, and product development opportunities, we are not only creating high-impact jobs and driving sustainable economic growth across the continent,” Ike said.

For Victor Adepoju, a member of the first cohort and now a Backend Engineer at Moniepoint, “The organisation of the program was top-notch. The training covered a wide range of topics and provided a solid foundation I could continue to build on. I learned a great deal about cloud technologies, particularly Google Cloud Platform. The program also emphasised valuable soft skills, including planning, organisation, and prioritisation, which have been very useful in my day-to-day work.”

Selection will be based on technical aptitude, learning potential, and alignment with Moniepoint’s values of innovation and excellence. Interested and qualified recent graduates are encouraged to apply before the January 20th deadline via the official portal at dreamdevs.moniepoint.com.


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Nigeria, Others Lag Behind as Egypt Tops Africa in AI Readiness

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Nigeria and other Sub-Saharan Africa countries rank ninth out of nine global regions as Egypt has emerged as Africa’s leading country in artificial intelligence readiness, ranking first on the continent and 51st globally in the 2025 Government AI Readiness Index published by Oxford Insights.

The impressive ranking has been lauded as underscoring North Africa’s growing influence in the global AI race.

According to Egypt’s Ministry of Communications and Information Technology (MCIT), the country scored 57.5 points out of 100, climbing 14 places from 65th in 2024.

The Nile nation also ranked fourth in the Middle East and North Africa (MENA) region, behind Saudi Arabia, Israel and the United Arab Emirates.

The Oxford Insights index assesses 195 governments using 69 indicators across six pillars, including policy capacity, governance, AI infrastructure, public sector adoption, development and diffusion, and resilience.

Egypt topped the Policy Capacity pillar globally with a perfect score of 100, tying with the UK, Serbia and Australia, an indicator of strong national AI policymaking and institutional readiness.

Oxford Insights noted that countries such as Egypt are “expanding the use of AI across national priorities while shaping policies to strengthen domestic AI ecosystems,” although gaps in infrastructure and talent development remain in some contexts.

MCIT minister Amr Talaat attributed Egypt’s strong performance to deliberate government action.

“This achievement reflects our efforts to integrate artificial intelligence into public services and accelerate digital transformation through Egypt’s second National AI Strategy. We are positioning Egypt as a regional AI hub while ensuring AI delivers real economic and social value,” he said.

Launched for 2025–2030, Egypt’s National AI Strategy targets sectors such as healthcare, justice and public administration, while aiming to train 30 000 AI specialists by 2030 and raise AI’s contribution to GDP to 7.7%.

Talaat also highlighted Egypt’s cybersecurity credentials when he highlighted that the country ranked among the top 12 globally in the ITU’s Global Cyber security Index.

Regionally, the results expose sharp contrasts across Africa. Sub-Saharan Africa ranks ninth out of nine global regions, with an average score of 28.04, reflecting persistent gaps in AI infrastructure and public sector adoption.

However, countries such as Kenya, South Africa, Mauritius and Nigeria lead the sub-region, while Rwanda and Ethiopia are gaining momentum through innovation hubs and policy reforms.

In contrast, the MENA region ranks fifth globally, buoyed by significant investment in AI infrastructure and policy capacity, particularly in Gulf states.


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