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Local software Vs foreign software
It is for this reason that the Association of Telecommunications Companies of Nigeria (ATCON) recently held a Stakeholders’ Summit on "Nigerian Content Development in the ICT Sector" The event took place at the Golden Gate Chinese Restaurants, Ikoyi, Lagos.
ATCON organized the meeting because it was of the opinion that for the Information and Communication Technology (ICT) sector in Nigeria to develop and level up with leading ICT nations of the world, concerted efforts have to be made towards developing some amount of local contents both in the software and hardware components of ICT infrastructure. It also felt that our local ICT infrastructure providers should be granted some measure of protection against their multinational counterparts whose corporate strength and investment could pose serious threat to the survival of local players.
The Association believes that the establishment of an enabling environment will encourage existing and potential local investors to venture into the development of Nigerian content in our ICT sector. This will eventually register Nigeria in the league of global leaders in the ICT sector.
The summit elicited passionate reactions from experts and stakeholders that came for the event. Of particular reference was the open challenge thrown to foreign software developers by Dr. Chris Uwaje, Managing Director, Connect Technologies Limited to come for an open competition to determine who was better at the job. He was quite confident that Nigerian software developer would not be found wanting nor underdogs.
Experts say that the software industry in Nigeria is worth over 20 billion dollars and over a trillion dollars worldwide.
The industry generally exudes much optimism but there is a pervading air of disillusionment which developers blame on absence of government support for the industry.
Government has never indicated interest in the local industry and it only seems to be interested in IT consumption. The Nigerian computer society with over 15,000 memberships is a strong advocate of government investing in software development in Nigeria. They have also advocated for the establishment of a software research institute.
There are thousands of indigenous software in the Nigeria market but they all get swallowed up as foreign brands. Nigerian made software provide solutions for school management, cyber café management, human resources, banking and micro-finance, the stock market and many other areas of human endeavours. Though a few have enjoyed patronage in the banking sector, stock market, and micro finance institutions. However, they still suffer discriminations when compared to that of their foreign counterparts even as foreign software is still dominant in the market.
Those from abroad get the lion share while local software are still lagging behind.
Foreign solutions practically dominate corporate Nigeria, particularly the banking and oil sector where IT has been remarkably integrated into their operations. Where local applications are in use, they are built into the architecture of the foreign solution as one of several modules. For instance, where the module for personal management of the offshore package does not fit into the local environment, it is replaced with a locally written module that reflects the unique traits of the local business environment.
Several banks in Nigeria are guilty of this practice. This means that the local developers are perpetually relegated to the background while their foreign counterparts take the driver’s seat of the national economy. Our local developers are never part of the major software platform, which drives the economy.
Though, there are areas where local software developers need to improve on their products, as many industry analysts say most local developers are yet to realise that software is both research and business. This is because they lack commitment to the business angle of software development. Also, they complain that most local software is not user friendly as the graphical user interface are not there.
They also complain that some software applications are difficult to understand when compared to those from say India, China or some western countries.
They submitted that developers must know that it is not always how good the software is that matters but how it can easily be understood and used.
Mr. Austin Okere, Group Managing Director, Computer Warehouse Group (CWG) once told his audience at a software forum organised in Lagos that local software developers are either unwilling to run the distance to keep to global standards or they are just being lazy to make their products global. He maintained that there are standards that must be reached if they want their solutions to compete favourably with foreign brands.
"Software has no tribe or race, the man who wants solutions would go for what can solve his problems,"he said.
Others believe that the mortality rate of local solutions is very high. Be that as it may, there are many who believe that there are some local solutions which could compete favourably with their counterparts from anywhere in the world.
Many believe that if our local software developers are encouraged, they would do better that they are doing presently. This is because many Nigerian developers lack the fund and necessary support. Some because of the socio-economic factors in the country are more concerned with their physiological needs than with the exigencies of their profession.
Though, the government have in the past pretended to be doing much to encourage the local software industry but industry watchers see these as just a flash in the pan. For instance, in 2004, the government inaugurated a 16 member task force for the development of software in Nigeria as part of its IT policy implementation strategies, an IT park worth N2 billion to be financed by Zenith bank was also promised. However, four years on, this project is yet to take off. To put it more succinctly, it is as good as gone with the administration that proposed it.
The 16 member committee was to among other things develop a blue print or strategies for promoting software development in the country and creating an enabling environment for software development to thrive in the country. This too still remains a dream which in the typical Nigerian parlance is still in the pipeline.
Dr. Chris Nwannenna, former president, Nigeria Computer Society (NCS) speaking on the challenge confronting software developers in Nigeria, said lack of patronage was one of the greatest problems confronting the industry in Nigeria. "It is only in the last couple of years that Nigerians started patronising the software industry in Nigeria. Software is quite unlike other products. You conceive the product, do the analysis, design, code, package, test, before you even present it to anybody. All these will take a minimum of six months to develop a total commercial appreciation. Sometimes, it takes more. Also, marketing it becomes very difficult because of the economic situation in the country. So all these things discourage people from going into software development. The gestation period is quite long. Also, you need somebody to back up. You need support, so you can concentrate on the job.
He continued: "We have always said that the government can promote the private sector to become more effective. Well, government should come out open to say before any Nigerian agency, ministry or government institution buys any software from outside Nigeria; it must make sure that there is no indigenous equivalent. That will be the first step that will galvanise the Nigerian software industry. This will serve as an impetus to the local software industry.
"We want a clause that will make it difficult for any buyer of software to just purchase anything they see or hear about outside Nigeria without first checking what is available locally. Because you know Nigerians have a penchant for foreign things even when they are not good.
Perhaps if the government at all levels will heed to these wise words of an expert in the industry that as it were has seen it all. The software industry in Nigeria maybe on its way out of the woods and the practitioners may just get a new lease of life that may help them in their line of duty.
It is on record that the Nigerian Information and Communications Technology (ICT) sector has continued to grow beyond bookmakers’ predictions. However, despite the high number of ICT professionals in Nigeria, adequate attention has not been given to the issue of developing and building local contents.
News
How and Why N210 Trillion is Missing in NNPCL – CFO

Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
News
PalmPay, Glo Launch “Recharge and Win Bonanza 2” with Exciting Prizes

PalmPay, Nigeria’s leading fintech company, has partnered with Globacom to launch the second edition of the “Recharge and Win Bonanza” campaign. The promotion, which runs from June 19th to August 8th, 2025, offers Nigerians the chance to win amazing prizes when they purchase Glo airtime and data via the PalmPay app.
According to a joint statement by PalmPay and Globacom, “A weekly live raffle draw will be held and streamed on PalmPay’s official social media channels throughout the campaign. Customers who make Glo transactions through the PalmPay app will be eligible to win prizes, including the iPhone 15 Pro, Infinix Hot 40, and other exciting items”.
To participate, interested customers can log onto http://bit.ly/PalmPaySms .
The statement added that all transaction above N500 gives participants an extra shot at winning, adding that daily social media challenges will also offer participants a chance to win cash prizes.
Additionally, PalmPay users can enjoy up to 6% cashback when they buy Glo airtime and data through the PalmPay app. As an added bonus, customers who have not subscribed to a Glo data plan in the last 90 days will receive a 100% bonus on their recharge during the campaign period.
Wayne Ruppel, Head of Billers at PalmPay Limited expressed excitement about the partnership, stating that, “This collaboration is a major step in our mission to deliver MORE – more support, more rewards, and more innovation to our customers.
Partnering with Glo, a leader in the telecommunications sector, is a testament to our shared commitment to improving everyday experiences for all Nigerians. We are excited to reward our users and encourage everyone to take full advantage of this exciting opportunity.
Globacom also expressed delight at creating additional value for its subscribers through unique customer-appreciation schemes.
“Our partnership with PalmPay on the “Recharge and Win Bonanza perfectly underscores our commitment to delivering exceptional value and experiences. Over the years, we have always sought innovative ways to enrich the lives of our customers. We, therefore, enjoin our subscribers to utilize the opportunity provided by the bonanza and enjoy the many benefits it offers”, the company stated.
PalmPay and Glo will collaborate throughout the campaign period to deliver exceptional customer experience, reward loyalty, and reinforce their shared mission to make digital transactions more accessible, rewarding, and secure for millions of Nigerians.
News
UK Reaffirms 99% Duty-Free Access for Nigerian Exports Under Developing Countries Trading Scheme

United Kingdom has reiterated its long-term commitment to strengthening economic ties with Nigeria, confirming that 99% of Nigerian goods will continue to enjoy duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS).

Dr. Richard Montgomery, British High Commissioner to Nigeria
The announcement reinforces the UK’s intention to bolster sustainable trade with Nigeria, boost export competitiveness, and promote inclusive economic growth across both nations. Introduced in June 2023, the DCTS is designed to reduce tariffs and simplify export rules for developing economies. It currently benefits 37 African countries, with Nigeria being a key player.
Nigerian exporters are set to gain substantial advantages from the scheme, which allows over 3,000 products—ranging from cocoa, plantain, and shrimp to processed items like cocoa paste, palm oil, and cotton garments—to enter the UK duty-free or with reduced tariffs. This shift supports value addition in Nigeria’s export ecosystem, encouraging the move from raw to processed exports.
British High Commissioner to Nigeria, Dr. Richard Montgomery, said: > “Nigeria stands at the heart of the UK’s global trade ambitions. This isn’t just about improved market access—it’s about building a fairer, freer global trading system that supports economic growth and job creation, both in developing countries and in the UK.”
He further noted that through the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), the UK continues to work closely with the Federal Ministry of Industry, Trade and Investment (FMITI) to tackle export challenges and maximise opportunities under the scheme.
The DCTS aligns with broader UK efforts to expand trade relations across the globe, complementing recent agreements with nations such as India and the United States.
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