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NDIC, FIRS to Spend N8.7Bn on Software Acquisition in 2024

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The Nigeria Deposit Insurance Corporation (NDIC) and the Federal Inland Revenue Service (FIRS) are planning to spend a combined sum of N8.7 billion on software alone this year.

This spending is captured in the government-owned enterprises (GOEs) budget for 2024 released by the Ministry of Budget and National Planning. While most of the GOEs plan to acquire software this year, the NDIC and FIRS are spending the biggest amount on this item.

Specifically, NDIC leads all other agencies of the government in terms of money allocated for software this year. The Corporation is to spend N5.2 billion on this item, according to the budget plan.  FIRS is also planning to acquire software with the sum of N3.5 billion and it is the second-biggest spender among the GOEs.

Also top among the biggest spenders on software this year is the Nigeria Immigration Service, which plans to acquire the software with N874.5 million.  The Service, which is in charge of the production of the Nigerian International Passport, is planning to upgrade its automated platform for passport acquisition to enable Nigerians to complete the entire process online without visiting its offices for capturing.

Similarly, the National Pension Commission (NPC), as well as the Federal Competition and Consumer Protection Commission (FCCPC), have also budgeted N384 million and N255 million respectively for software acquisition this year.

Several stakeholders in the Nigerian ICT industry have expressed concerns over the annual practice of budgeting billions for software by Ministries Departments and Agencies (MDAs) of the government without commensurate improvement in their services to the people.

The National Information Technology Development Agency (NITDA) also confirmed this worry recently, noting that billions of naira are being pushed by MDAs through IT projects because they are too technical to be scrutinized by the National Assembly during the budget defense.

NITDA, however, said it is tackling this problem through its IT projects clearance system, which mandates all MDAs to present their IT projects for clearance before the fund is committed to it. Justifying the need for all MDAs to go through its clearance for their IT projects,

NITDA said: “The realization that over the years, the public funds that were spent on IT Projects were not commensurate with the value derived from such Projects and had also failed to evolve a digitally-enabled public service that will advance the citizens’ yearnings of the digital economy, hence the need to strategically reposition the deployment of IT Products and Services in Public Institutions.

“It is therefore imperative to ensure that maximum value is derived from such huge investment of public funds, especially at a time when the need for accountability, transparency, efficiency, and effectiveness is eminent.”


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


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