General News
Nigeria’s IT Literacy is Poor –Olufuye
Dr. Jimson Olufuye, IT Specialist/Consultant with over 20years experience is a man of a man of integrity and honour. He has undying love for ICT.Olufuye, president, Information Technology (Industry) Association of Nigeria (Itan) and MD/CEO, Kontemporary Komputers Limited rings a bell in the ICT sector.Olufuye spoke to john ikpea in Abuja on a wide range of issues.
About Itan and Olufeye’s Presidency
Information Technology (Industry) Association of Nigeria (Itan) is the umbrella body of all other associations of IT companies in Nigeria. We are major stakeholder in the Nigeria computer society and also in the computer professional registration council of Nigeria. Our vision is a actually to engender a new Nigeria driven by information and technology and our mission is to use every means possible to ensure that these things are championed to its conclusion.
As the president of ITAN my responsibilities include over seeing day to day activities of the association and to protect members’ interest where necessary and also to ensure that the objective of the constitution is not only implemented but committed to drive it to its conclusion
Challenges
The challenges we face are not different from the conventional ones other corporate Nigerian companies are facing. It is the issue of leadership with clear vision and appropriate strategy to implement set objectives. So far, with the privilege I have as the ITAN president and knowing what to do as well and in the right time, we have been able to put our vision in the right perspective and with appropriate mission objective to drive it. The goal is clear, that is, we want to see a Nigeria that is powered by IT and we are working very hard to mobilize all stakeholders to be involved.
In my opinion, Nigerians are looking for leader and when they see a good one they follow and I am happy that many of our members have good level of trust in my leadership and they give all the cooperation I need. So, I want to use this opportunity to encourage all those IT companies sitting on the fence to come down and lets together move this nation to the next plateau.
Kontemporary Komputers
It is an IT solution and consulting company based in Abuja. The company started operation in 1995 and since then we have been into training and rendering capacity reports. We give oral IT solution to corporations for software and design for networking and of late we started rendering IP services through the provision of middle conferencing solution.
We also consult on electronic document management to high profile companies, and our cliente include ECOWAS, EU, World Bank, federal government of Nigeria through the Ministry of Science and Technology and office of the auditor-general of the federation.
We are cutting edge IT solution company and we have in Lagos, Kano, Dubai, US, Malaysia, UK and Canada. As a matter of fact, we have technical partners around the world. This is to ensure that we provide cutting edge services in the West Coast of Africa.
R&D in the ICT in Nigeria
Thanks so much for that question. It is a critical one. There is a provision in the NITDA Act to have an IT development fund and I believe if this fund is well appropriated towards the promotion of R&D in the ICT field in the country, in our research institutions, institutions of higher learning and in other sectors of the economy that are cut from R&D like Itan where we are taking the issue very seriously, it will be well for all of us.
It is a general knowledge that without R&D no nation can grow economically and otherwise and one can always see the result of R&D only if both are available. On the local perspective, if you don’t do as much as cutting edge product, that shows that our level of R&D and innovation is very low.
R&D requires a lot of funding. It is not something individual or low capital corporation can do alone without government intervention. There has to be specific grant to ensure that this is done and done well. A graphic example is our university system, if you look at the products of our universities it does not measure up sufficiently which is as a result of very low of R&D because if there is sound R&D it will be seen in the products that comes from the universities.
Telecoms & Investment
Well, if there is any success story that the last administration would readily jubilate over, it is the issue of success in the Telecoms sector. Without any doubt, there has been sufficient foreign director investments, though we cannot see it around but the challenges are enormous, yet I can see something outstanding happening in the sector and that is a lesson for us; that based on the right policy investors were able to come in and invested their money despite the infrastructural problem such as the challenges of power, the players were also able to do their utmost best and today we have Telecom ratio climbing so high in the country.
In my opinion, I think there is a lesson for the other sectors from Telecoms sector where level of investments is quite high and that is encouraging, but government has to do more to ensure that sound infrastructure are put in place such as energy which is very important too. Government should solve these problems so that within the next seven years Nigerians can, at least, see the penetration of good Telecoms services with the poor infrastructure we have on ground and we if we are able to put in place sound infrastructure within same period that means we will be able to short-tackle the development circle, with that achieved, then we can then start talking about realization of Vision 2020, which I doubt will ever see the light of the day in the absence of IT.
Nitel
This is my personal opinion. Actually it was a costly mistake trying to do police somersault. Any government which share the view that there is nothing called continuity of policy no investor will take such government seriously.
If actually there as flaw in the negotiation, it is unfortunate. As it is sold let it be, because in the era of Nitel we never achieved anything significant in Telecom. We never did. So, lets take it as bad investment. Let it go off. Let private people, private managers, investors that can turn it round let them do it. But it is high time government should steer of Nitel and allow those who bought it to do their work.
1-Gov.net
It is a right step in the right direction. That is the way it should be done if you are actually serious about fast-tracking development, that is, government supporting a single network for e-government.
What I will want to counsel against in this circumstance, is the driver sleeping. We are always in a process of when we start a project like the one we are talking about, we go to sleep. We don’t make provision for the energy, intellectual and well withal required and the resources needed to ensure that it worked.
However, the initiative is good and if the project is supported financially and with excellent strategy, with great technical backing it has the potentials of fast-tracking e-government and e-business and ensuring that we get services from government at a faster rate.
IT Literacy
The federal government has not done enough. It has not taken the bull by the horn as it should as regards to IT in the grassroots and empowering the youths. IT literacy in Nigeria is still very low even in the civil service. But the process has just begun with the presence of 1-Gov.net in place. With regard to the youths, we have to back to the basis, primary and secondary schools should be computerized and not just having one computer but computer in education for teaching, for studying and is the way to go.When people are exposed to IT they are equally exposed to its infrastructure and tools and the facilities like the Internet, they will be able to acquire a lot of information and with the information so acquired there would be knowledge which will eventually bring about knowledge economy.
Majority of Nigerian youth are still devoid of IT knowledge and it’s a serious matter. Let me give you another illustration. We have NYSC scheme in this country but there is no ground design to ensure that part of the period of that camping is used to train the youth in IT.
General News
FG Says It May Reject World Bank Loans over Delays

Dr Shamseldeen Ogunjimi, accountant-general of the federation, has warned that the federal government may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to proceed with such arrangements.

The warning was contained in a press statement issued on Friday by Bawa Mokwa, director of press and public relations at the office of the accountant-general of the federation.
Ogunjimi, who spoke in Abuja during a courtesy visit by a World Bank delegation led by Mrs Treed Lane, stressed that Nigeria expects timely processing of funding requests, given that the facilities are loans and not grants.
He said, “If approvals take more than six months, the Nigerian Government may no longer honour such arrangements,” highlighting concerns over bureaucratic delays in accessing development financing.
The AGF noted that as a responsible borrower, Nigeria should not be subjected to prolonged approval processes that could affect project execution timelines and broader development objectives.
He therefore urged the World Bank to “expedite the approval and disbursement of project funds to Nigeria” to support the country’s priorities.
Ogunjimi emphasised that the loans carry repayment obligations, making it imperative that disbursement processes align with project schedules and fiscal planning frameworks.
He further disclosed that the Office of the Accountant-General of the Federation had begun addressing key issues raised earlier by the World Bank, particularly in public financial management and audit reporting.
According to him, the 2023 Audit Report would be submitted to the Office of the Auditor-General for the Federation within two weeks, while work on the 2024 and 2025 audit reports was already underway.
The AGF also assured the delegation that steps were being taken to resolve concerns around the digitalisation of the Government Integrated Financial Management Information System, noting that obsolete infrastructure was being replaced with modern technology to improve efficiency and service delivery.
He said the reforms were part of broader efforts to strengthen transparency, accountability, and the overall public financial management system in Nigeria.
Earlier in her remarks, the World Bank delegation leader, congratulated Ogunjimi on his recent appointment as African chairman of the Association of Accountants-General.
Lane also urged the Office of the Accountant-General to sustain its digitalisation drive and ensure the timely presentation of financial statements to the Auditor-General, noting that such measures were critical to achieving seamless public financial management processes.
The World Bank earlier explained why about six loans worth $2bn, signed for Nigeria in 2024, are yet to be disbursed nearly a year after the bank’s approval.
This came amid recent reports that the World Bank approved a total of $8.40bn (N12.89tn) in fresh loans to the country over the past two years, based on data from the bank’s official website.
General News
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria

The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for women-owned and women-led businesses across Nigeria, particularly in the agricultural sector.

The financing comprises three instruments: a $50 million gender-focused line of credit; an $8 million concessional facility under the Agri-Food SME Catalytic Financing Mechanism (ACFM); and a $3 million grant under the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative, funded by the Women Entrepreneurs Finance Initiative (We-Fi).
This package demonstrates the Bank’s commitment to private sector-led growth by combining long-term financing, concessional resources, partial credit guarantees, and capacity-building support. It will be chanelled through DBN’s network of participating financial institutions to strengthen MSME lending and advance Nigeria’s inclusive economic transformation, particularly through women entrepreneurship and agricultural development.
A defining feature of this operation is its strong gender focus, with more than 95 percent of the total financing earmarked for WSMEs. This targeted approach aligns with the objectives of AFAWA and ACFM and the Bank’s broader commitment to narrowing the gender financing gap in Africa. The performance-based incentives under the AFAWA programme are expected to expand the number of eligible women-owned enterprises while increasing the share of women-focused lending within DBN’s MSME portfolio.
Commenting on the approval, Dr Abdul Kamara, Director General of the African Development Bank Group Nigeria Country Office, said: “Women entrepreneurs are one of Nigeria’s greatest economic assets and one of its most underleveraged. This operation reflects the African Development Bank’s commitment to unlocking economic opportunities for women.
“By working through DBN to reach women-owned businesses in agriculture, clean energy, healthcare, and beyond, we are not just expanding access to credit; the Bank is investing in the engine of Nigeria’s inclusive economic transformation.”
The approval further deepens a longstanding partnership between the African Development Bank and the Development Bank of Nigeria, dating back to the AfDB’s role in DBN’s establishment through start-up equity, long-term financing, and governance support, alongside the Federal Government of Nigeria and other development partners.
The operation aligns with the African Development Bank’s Four Cardinal Points framework, particularly the pillar on harnessing demographic transformation for economic development, as well as the Bank’s Ten-Year Strategy (2024-2033), which prioritises inclusive growth, private sector development, and gender equality.
It also supports Nigeria’s Country Strategy Paper (2025–2030), which emphasizes gender- and youth-inclusive green growth, and complements national priorities on entrepreneurship, inclusive development, and women’s economic empowerment.
General News
NRS Extends Saturday Tax Office Operations Nationwide Ahead of Rev360 Rollout

The Nigeria Revenue Service (NRS) has announced the extension of weekend tax office operations across the country as part of preparations for the rollout of the Rev360 Phase I Tax Administration System.

In a public notice issued in Abuja on May 7, the Service stated that all Emerging, Medium, Large, and Government Business Offices nationwide will now open on Saturdays from May 8 to June 27, 2026.
According to the notice, the offices will operate between 10:00 a.m. and 3:00 p.m.
The NRS explained that the initiative is aimed at providing additional taxpayer support and improving service delivery during the implementation of the new tax administration platform for Medium and Emerging Taxpayer segments.
The Service noted that the extended Saturday operations are designed to assist taxpayers requiring guidance with the new system, facilitate seamless compliance during the June peak Companies Income Tax filing period, and improve access to tax services outside regular weekday hours.
It encouraged taxpayers to take advantage of the initiative to resolve tax-related matters, seek necessary guidance, and ensure timely compliance with their tax obligations.
“The NRS remains dedicated to delivering efficient, transparent, and taxpayer-focused services,” the statement read.
The notice was signed by Zacch Adedeji, PhD, Executive Chairman of the Nigeria Revenue Service. “You say Transformation, We say Rev360.”
E-Financial2 days agoFCMB Opens Applications for Zero-Interest Loans of Up to ₦10m for Women Entrepreneurs
E-Business2 days agoKaspersky Identifies Ongoing Supply Chain Attack on Official Daemon Tools Website Distributing Backdoor Malware
Telecom2 days agoReps Claim NCC’s Weak Regulatory Oversight Responsible for Poor Telecom Services
Telecom2 days agoVitel Wireless Partners Fintechs to Expand Access to Services
Telecom2 days agoGSMA Africa Policy Group Chair Calls for Urgent Tax Reforms to Accelerate Digital Inclusion
E-Financial2 days agoPolice Arrest Members of N713m Bank Fraud Syndicate, Chinese Suspect at Large
News2 days agoFG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud
E-Financial2 days agoFirm Unveils Pan-African Financial Operating System to Improve Interoperability













