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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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HURIWA Demands Accountability from SEDC Over N140Bn Budget Utilisation

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The Human Rights Writers Association of Nigeria (HURIWA) has challenged the South East Development Commission (SEDC) leadership to provide transparent details on achievements recorded in its inaugural year despite an approved budget of N140 billion for 2025.

HURIWA Demands Accountability from SEDC Over N140bn Budget Utilisation

SEDC

HURIWA’s National Coordinator, Comrade Emmanuel Onwubiko, disclosed that the group’s researchers found no concrete evidence of infrastructure projects executed in the South-East region for the benefit of the Igbo people since the commission’s inception.

Efforts to obtain specifics from Senate Committee Chairman on SEDC, Senator Orji Uzor Kalu, and Governing Board Chairman, Chief Emeka Wogu, yielded vague responses, with Wogu citing a mere “road map” and Kalu claiming no information was available.

The rights group recalled that the National Assembly approved N140 billion for SEDC in the N54.9 trillion 2025 budget passed on February 14, matching allocations for other regional commissions like South-West, South-South, and North-Central, while North-West received N145.61 billion and Niger Delta Development Commission (NDDC) got N626.53 billion.

President Bola Tinubu signed the SEDC Establishment Bill into law on July 24, 2024, with the board inaugurated on February 12, 2025, under Chairman Emeka Wogu and Managing Director Mark Okoye.

Okoye, in his inaugural address, quoted the World Bank estimating a $10 billion annual investment need over 30 years to bridge the region’s infrastructure gap, pledging collaboration with states, private sector, and partners to build a $200 billion economy by 2035.

Priorities outlined include security and investment infrastructure, agriculture, industrialisation, technology, innovation, and human capital development, amid challenges like insecurity, low ease-of-doing-business, unemployment, and 2,500 erosion sites displacing thousands.

HURIWA noted that while the commission’s creation sparked optimism to address post-Civil War neglect, bureaucratic hurdles, political meddling, and funding opacity threaten its potential, aligning with President Tinubu’s Renewed Hope Agenda for inclusivity.

The group described SEDC’s performance as a “spectacular failure,” urging Igbo youths and intellectuals to demand accountability to prevent elite capture of funds meant for roads, housing reconstruction, ecological remediation, agriculture, manufacturing, technology, railways, and energy projects in Abia, Anambra, Ebonyi, Enugu, and Imo states.

Onwubiko warned that pocketing the cash-backed N140 billion would betray the Igbo people’s development aspirations, calling for immediate disclosure of expenditures and verifiable outcomes.


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InsomniaQ Spotlights African Creativity in Lagos

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Quickteller successfully hosted the maiden edition of InsomniaQ recently in Lagos, delivering a 12-hour non-stop celebration of African music, culture, and creativity.

A statement from the firm on Sunday stated that the event attracted a diverse audience of music lovers, culture enthusiasts, and festive diaspora returnees, marking a strong debut for what organisers described as a potential signature December event.

InsomniaQ featured a dynamic mix of live performances and DJ sets, showcasing Africa’s rich musical diversity and creative depth. From soulful sounds to high-energy performances, the festival offered a thoughtfully curated journey designed to follow the natural rhythm of its audience’s circadian cycle, sustaining energy, connection, and excitement throughout the night.

Beyond the performances, InsomniaQ emerged as a platform for shared cultural expression, creating space for celebration, discovery, and community. The experience reinforced Lagos’ position as the heartbeat of Africa’s December entertainment season and highlighted the growing appetite for premium, culturally grounded experiences.

Commenting on the success of the event, the Executive Vice President, Group Marketing and Communications, Interswitch Group, Cherry Eromosele, described InsomniaQ as an organic extension of Quickteller’s place in everyday moments of connection, culture, and celebration.

“InsomniaQ was created as a space to celebrate African creativity in its full expression, the music, the energy, and the people who make our culture so powerful.

“Seeing that vision come to life, with thousands of people connecting through sound, movement, and shared experience, has been truly rewarding. This debut edition reinforces our belief in creating platforms that bring people together and spotlights the richness of African talent in meaningful ways,” Eromosele said.

The success of InsomniaQ, according to the organisers, reflects a broader commitment within the Interswitch ecosystem to support experiences that extend beyond transactions into everyday life. By championing platforms that blend culture, innovation, and community, Interswitch continues to shape how people connect, celebrate, and experience Africa’s evolving creative economy.

With its strong debut, InsomniaQ has set the tone for future editions and established itself as a new fixture in Africa’s December calendar, celebrating culture, driving connection, and creating memorable experiences.


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How Moniepoint’s Founders, Tosin Eniolorunda and Felix Ike are Redefining African Tech and Finance

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In an era where global tech giants dominate headlines, two Nigerian entrepreneurs are quietly revolutionizing financial services across Africa, proving that world-class innovation can emerge from homegrown talent and local institutions.

Tosin Eniolorunda and Felix Ike, co-founders of Moniepoint Inc, have built one of Africa’s fastest-growing fintech companies, not despite their exclusively Nigerian education, but in many ways, because of it.

Their journey from the lecture halls of Obafemi Awolowo University and the University of Lagos to the TIME100 Most Influential Companies list stands as a powerful testament to the caliber of talent nurtured within Nigerian universities and the transformative potential of locally-rooted vision.

Tosin Eniolorunda’s path exemplifies how Nigerian educational institutions can cultivate entrepreneurial excellence. After earning his degree in Mechanical Engineering from Obafemi Awolowo University, he didn’t follow the well-trodden path abroad but instead chose to build solutions for Nigerian challenges within Nigeria itself. This decision proved prescient.

Understanding the unique financial ecosystem and infrastructure gaps firsthand from the work at TeamApt Ltd where they were building from majority of the country’s banks, Tosin pioneered several industry firsts: introducing instant POS transfers to Nigeria, launching the country’s first virtual account services, and constructing a vertically integrated payments processing switch with full switching and processing licenses.

These feats and technological achievements must be viewed from the prism that these were deeply contextual innovations born from intimate knowledge of local needs, the kind of understanding that comes from being educated and embedded in the communities one serves.

Felix Ike’s contribution complements this vision with technical brilliance equally rooted in Nigerian educational excellence. Graduating with first-class honors in Computer Science from the University of Lagos, Felix brought to Moniepoint the kind of engineering rigor required to build mission-critical financial infrastructure.

As Chief Technology Officer, he has architected systems that are not just functional but scalable, resilient, and secure enough to serve over 10 million businesses and individuals across Nigeria and Africa. His work demonstrates that Nigerian universities are producing software engineering leaders capable of building world-class technology that can compete on the global stage with technology that processes millions of transactions daily and underpins the financial dreams of an entire continent.

Since its founding in 2015, Moniepoint has evolved into Africa’s largest distributor of financial services in Nigeria, with presence across all 774 local government areas. The company’s all-in-one financial ecosystem offering seamless payments, banking, credit, and business management solutions reflects a sophisticated understanding of what African businesses and individuals actually need to thrive.

The accolades have followed: recognition by TIME as one of the 100 Most Influential Companies in 2025, listing among CNBC’s top UK fintech firms, and ranking in the Financial Times’ Africa’s Fastest-Growing Companies for three consecutive years.

The Moniepoint story as an indigenously rooted but globally compliant player challenges prevailing narratives about where innovation must originate and what credentials are necessary for building transformative companies. Tosin and Felix’s success illustrates that Nigerian universities, when their graduates are empowered with vision, opportunity, and determination, can produce founders who don’t just participate in the global economy but reshape it.


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