General News
Local OEMs Need Support to Create Job, Wealth- Balogun
Tunji Balogun is chief architect of Brian Integrated Systems, manufacturers of world class desktops and laptops as well as other computer accessories. A member of many ICT associations, Balogun started his career in the ICT industry over 30 years ago with NCR Plc. He is also the brain behind Balog Technology, distributors of computer products. Balogun spoke to chike onwuegbuchi and fumni Ilesanmi on a wide range of issues
Differences between Local OEMs, Cloned OEMs and Others
When you talk about original equipment manufacturers that means you must have gone through some set of rigorous test with your systems. There are procedures you are supposed to take in building systems meaning.
You have been certified to have gone through approved procedures in building your systems which are international procedures like the WHQL. This means that you have the knowledge to integrate hardware and software together. It is like communication where if there is any gap you cannot have the marriage, where there is a handshake that means the hardware and the software are not in conflict. Two, adapt both and marry both together. That’s what makes you an OEM. But any body can build a clone system without going through specific specifications and procedures.
Using Clone Systems
It is a matter of choice. For example, you want to buy a brand new system which you know that the manufacturer put his name behind it and gives you warranty that if anything went wrong within a specific period, you are free to bring it back and he would either replace the part or gives you a new system. But in clone, there is no warranty. They are not giving you any warranty, so you are on your own. That is the difference.
Marketing Strategy
It is a matter of information. What we are doing presently is to get awareness out there. Get our products on every table and get the media to know what we are doing so that people can know that there is an OEM that is even better than buying international acclaimed systems. Because one, what we are telling people is that if you buy Brian you realize your warranty without any question asked. So the information needs to get across and then we need to expand the channel of distribution which we are in the process working on and don’t forget all these things cost money. Local OEMs need some encouragement from the government either through import duty waiver or through getting loans from the banks at reduced interest rates. Some of our international partners get all kinds of relief from their base. That reduces the level of awareness, the money we can spend to create that awareness. Although we are doing it we are not there yet, but we know that we are in the process of even doing more than what we’ve been doing.
Government’s Waiver on Knocked down Components
We thought the relief we have been fighting for came but in the same token we didn’t enjoy it before it was withdrawn anyway. It was only said it wasn’t written, it wasn’t documented, so the Customs were not even accepting that. But right now we pay five percent duty on some products and on some products like the monitor we are paying 20 percent duty which is very high compared to our competitors in their home countries; they get all kinds of relief. Like in the US they don’t pay anything duty on ICT for an OEM to encourage business and encourage entrepreneurs to create employment for people in their local environment whereby the incentive or the relief given on duty would pass to expand our businesses but we are not enjoying that.
Challenges
Well, I will say we need a conducive environment to operate in. For any manufacturing outfit to make profit, we must have constant supply of electricity, good roads and other infrastructures, apart from that as an OEM we should be proudly Nigerian. Government needs to have a policy where all the government agencies should not be allowed to make use of foreign made systems, that way we’ll keep money in the country and we’ll be able to employ people in Nigeria and create wealth for the people. Because by buying foreign brands we are encouraging and expanding their employment opportunities in their countries thereby driving away the needed job in Nigeria. But when you encourage local OEMs, they create jobs in return you reduce the number of unemployed youths in the society. In the area of support like I’ve said interest rates, you are not supposed to have your own money to do business. Banks are supposed to build on our resources, sit down with us and see areas where they can grow our business and the way they grow our business is to give us reduced interest rates to be able to support our buyers in buying our products.
Local Industries in Assembling Computer Components
That brings us back to the area of conducive environment again. You can not be successful in the manufacturing industry especially the ICT business if there is no regular supply of electricity. There are some components that are needed for you to have other people to complement each other for you to manufacture even a single component in the system. We don’t have such industries on ground and for us to have such industries; we need a lot of capital. For example, to manufacture only a DVD writer you need a minimum of 2 to 3 million dollars to set up the factory. With the way technology changes rapidly, that kind of investment is not wise right now because you need other people to complement what you want to make, to buy parts from them. You cannot make all the components in a DVD writer that you want to make, there are some you have to sublet out to people so the industries must complement each other within reach for you to manufacture ICT products. So for now it’s not visible.
Local Systems Builders Club
All I can say is that Brian system is coming up with new products everyday, our product development is working and we have products that can compete with any international acclaimed systems when placed side by side, I bet you Brian will beat most of them in design and in capacity.
Tax Evasion at Computer Village
It’s not that members are not paying taxes, some are paying their taxes, fulfilling their civic responsibilities but we have few that are not paying. Those are the ones that are housed in shops, some of them have like two employees in their employment, and those are the people we are talking about. After reaching an agreement with the Lagos State government and with our members, everybody complied and everybody paid up the needed amount that needed to be paid for the taxes in question. So we have taken care of that and I believe the Lagos State government is happy with the association.
Plans for relocating the village
First of all I give kudos to the Lagos State Governor in person of Governor Fashola. He’s doing a good job in Lagos, bringing the State to what it used to be in the 60s and early 70s. The governor said that he does not want street trading and emphatically that street trading is not allowed in Lagos State and computer village. Computer Village is a residential area which has been turned into a commercial area, but the Lagos State government is saying we need to vacate the place soon and we’ve been allocated a land which will house the present Computer Village and that place is the Kantagua market. So we are working with the Lagos State government to build a befitting ICT centre for Lagos State and Nigeria as a whole. A place big enough to house everybody, whether you are selling hardware, phones or anything that has to do with ICT that will be conducive for buyers and sellers to go about their business without any fear of being attacked. Such an environment is under construction in conjunction with Cadda and the Lagos State government with the Chairman of Oke- Odo Local Government along Ipaja area.
When realizable
In the next one year.
Financial Crisis and ICT Industry
As for the depreciation in the value of the naira, the government has a lot to do. If the naira keeps falling the way it is falling right now, that means the prices of everything will go up. For us to get the kind of penetration we are looking for, to put PC in every home so that people can be computer literate and have that skill set with our counterparts outside this country, we need to get the naira back to what it used to be. That is, one to 120 or less for that area but the ICT industry in Nigeria is growing at an appreciable level which you and I know that Nigerians are improving their skill set in the area of ICT if not anything. I encourage every body out there to go out and learn how to use one or two of the programmes that can help them not only for personal growth but do things in a more efficient way.
Two, cut down cost by using ICT equipment. Three, you will have what I call personal conviction that nothing is impossible for you to do because with the use of the computer the world is at your finger tips. So I’ll encourage everybody to be computer literate.
General News
Fiona Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female Leaders

As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session last week.

The session, themed “Leading with Purpose, Breaking Barriers, Building Legacy,” brought together emerging female professionals and aspiring leaders from across various industries for an engaging afternoon of mentorship, learning, and empowerment.
The LeadHER Mentorship Session was designed to provide participants with practical insights into leadership, career advancement, personal development, and navigating challenges in the traditionally male-dominated sectors.
Through candid conversations and shared experiences, attendees gained valuable perspectives on building successful careers while creating lasting impact within their organizations and communities.
Speaking at the event, Dr. Ahimie noted that leadership is not merely about achieving personal success but about creating pathways for others to thrive.
“Throughout my professional journey, I have benefited from the guidance, support, and encouragement of remarkable mentors. The LeadHER Mentorship Session is an opportunity to pay that forward by equipping and inspiring the next generation of women to pursue excellence, embrace leadership opportunities, and break barriers with confidence,” she said.
The mentorship session forms part of a broader commitment to advancing female participation and leadership within Nigeria’s financial services industry and the wider corporate ecosystem. It also reflects Dr. Ahimie’s longstanding dedication to talent development, professional excellence, and inclusive leadership.
The event provided a platform for meaningful dialogue, networking, and knowledge sharing.
Dr. Ahimie’s investiture as President of the Chartered Institute of Stockbrokers marks a historic milestone for the Institute and the Nigerian capital market, underscoring the growing role of women in shaping the future of the financial services industry.
General News
How Haneefah Adam Beat Artists Nationwide to Win Prestigious Futures Art Award

Ventures Platform and the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, are pleased to announce Haneefah Adam as the winner of the inaugural Ventures Platform–YSMA Futures Art Award, a pioneering public art commission established to support artistic innovation and future-focused cultural expression in Nigeria.

L-R: Kola Aina, Founding Partner, Ventures Platform; Dotun Olowoporokun, Managing Partner, Ventures Platform; Haneefah Adam, Artist and winner of the Futures Art Award; and Jess Castellote, Director, Yemisi Shyllon Museum of Art, Pan-Atlantic University during the Presentation of the Ventures Platform-YSMA Futures Art Award at Ventures Platform’s 10th Anniversary Dinner in Lagos on June 19, 2026.
The announcement was made during the 10th Anniversary Dinner of Ventures Platform in Lagos, where Haneefah was formally recognized following a competitive national selection process that attracted submissions from artists and art collectives across Nigeria.
As the winner of the Award, Haneefah will be commissioned to create a 12-foot public sculpture titled Bloom in Unexpected Places, which will be permanently installed within the YSMA and Pan-Atlantic University environment.
Selected through a rigorous jury process involving leading artists, curators, scholars, and cultural professionals, the proposal distinguished itself through its originality, conceptual strength, artistic ambition, and thoughtful engagement with the Award’s central theme: Reimagine the future and build into form through art.
The work explores themes of growth, resilience, innovation, and possibility, inviting audiences to reflect on how creativity and human ingenuity can flourish in unexpected circumstances and environments. Through its scale and public presence, the installation is intended to spark conversations about the future while enriching the cultural landscape of the University and the wider community.
The Award represents a landmark moment in Haneefah Adam’s artistic journey. While she has earned recognition for her innovative and socially engaged practice, this commission marks her first institutional award, her first major public art commission, and the largest public artwork of her career to date.
Speaking on behalf of YSMA, Museum Director, Jess Castellote described the Award as an important investment in both artists and public culture.
“At YSMA, we believe museums have a responsibility not only to preserve cultural heritage but also to support the creation of new cultural futures. Haneefah’s proposal impressed the Jury with its clarity, imagination, and relevance to contemporary conversations about innovation and possibility.
“We are delighted to support the realization of this ambitious work and to welcome it into the Museum’s growing public art programme.
“The Ventures Platform–YSMA Futures Art Award demonstrates what is possible when cultural institutions and private-sector partners work together to invest in creativity and public engagement.”
For Ventures Platform, the Award forms part of its broader vision of supporting the systems, ideas, and people shaping Africa’s future.
According to Kola Aina, Founder and General Partner of Ventures Platform: “As we celebrate ten years of backing visionary founders across Africa, we wanted to create something that reflects our belief that innovation is not confined to technology or business alone.
“The future is also imagined through culture, creativity, and the stories we tell about ourselves. This Award represents an investment in imagination itself.
“Haneefah’s proposal captures that spirit beautifully, and we are excited to see it come to life as a public artwork that inspires curiosity, reflection, and optimism.”
The Award is one component of a broader three-year collaboration between Ventures Platform and YSMA, which also includes entrepreneurship-focused masterclasses, guest lectures, and student engagement initiatives within the Pan-Atlantic University ecosystem.
Supporting the long-term legacy of the programme is Atsur Technologies Ltd, the exclusive Provenance Infrastructure and Physical-Digital Documentation Partner for the Ventures Platform–YSMA Futures Art Award. Through this partnership, every commissioned artwork produced under the Award will be professionally digitized, authenticated, and recorded using Artsur’s provenance and collection management technology, ensuring robust documentation of the artist’s creative process, the artwork’s history, and its enduring place within Nigeria’s cultural record. This partnership reflects a shared commitment to strengthening transparency, documentation standards, and the long-term preservation of contemporary African artistic production using innovative technologies.
Commenting on her selection, Haneefah Adam expressed gratitude for the opportunity and excitement about the journey ahead.
“I am deeply honoured to be the inaugural recipient of the Ventures Platform–YSMA Futures Art Award. To have my work selected from among so many strong submissions is both humbling and encouraging. Bloom in Unexpected Places is rooted in the belief that creativity, hope, and transformation can emerge even in the most unlikely circumstances. I look forward to working with YSMA and Ventures Platform to bring this vision into the public realm and create a work that invites people to think differently about the future.”
Beyond the commissioning of a single artwork, the Ventures Platform–YSMA Futures Art Award seeks to establish a new model for collaboration between the cultural and innovation sectors. By positioning artists as active participants in conversations about technology, entrepreneurship, and societal transformation, the Award expands the ways in which the future can be imagined, questioned, and made visible.
As work begins on Bloom in Unexpected Places, the project signals a bold commitment by both Ventures Platform and YSMA to nurturing creative talent, supporting public art, and fostering interdisciplinary approaches to shaping the future.
General News
ALTON Backs CBN on Local Data Hosting Rule for Banks, Fintechs

Association of Licensed Telecommunications Operators of Nigeria (ALTON), official industry body and advocacy group for major telecommunications providers in Nigeria, has backed the Central Bank of Nigeria’s (CBN) directive requiring banks and fintechs to host payment transaction data locally.

Gbenga Adebayo, chairman, ALTON
Gbenga Adebayo, chairman, ALTON, said this in an interview with the News Agency of Nigeria (NAN) in Lagosat the weekend.
His position follows a recent CBN directive mandating that banks, fintechs, and other payment service providers store payment transaction data generated in Nigeria on local servers from January 1, 2027.
The directive forms part of measures aimed at strengthening oversight of the country’s rapidly growing digital payments ecosystem.
Adebayo said data sovereignty required countries to take responsibility for their entire data value chain.
According to him, this covers data collection, management, storage, and integrity assurance.
“We cannot continue to outsource that to other jurisdictions.
“The more we host our data locally, the better for us,” he said.
Adebayo said local hosting would enable Nigeria to manage data end-to-end and guarantee the integrity of critical information.
He noted that hosting payment data outside the country increased communication requirements, latency, and retrieval costs.
“For every transaction involving data hosted outside our shores, communication has to take place from your location to the host and back.
“It increases latency and also increases the cost of data retrieval,” he said.
The ALTON chairman described the directive as an important first step toward achieving national data sovereignty.
He also dismissed concerns about infrastructure readiness, saying Nigeria already had significant data center capacity.
According to him, several Nigerian-owned facilities currently host data for organisations operating from other jurisdictions.
“I’m happy to say that we have a lot of data centres owned and managed by Nigerians that are hosting data from other jurisdictions.
“If people overseas can host their data here, why can’t we host our own data here?” he queried.
Adebayo argued that local hosting would reduce dependence on foreign infrastructure while improving national control over data security.
He said concerns about security and reliability should not justify continued reliance on foreign hosting providers.
“No one can protect your house better than yourself.
“You have more at stake in terms of security and safety than somebody else hosting your data,” he said.
The telecom industry leader also highlighted the cost implications of local hosting.
He said organisations that host data locally would pay in local currency rather than foreign currency.
According to him, this would help reduce exposure to exchange rate pressures and lower long-term operating costs.
Adebayo said Nigeria currently had about six Tier III data centres, with additional facilities under development.
He, however, stressed that capacity was more important than the number of facilities.
“It’s not just about the numbers; it’s about the capacity of what they can host.
“So far, we can,” he said.
He urged stakeholders to accelerate efforts toward domestic data hosting and management.
“The earlier we begin to domesticate our data hosting and data management, the better for us,” Adebayo added.
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