E-Business
NOTAP Commits to Strengthen Implementation of NITTF Scheme
The National Office for Technology Acquisition and Promotion (NOTAP) has commenced a regional stakeholder’s forum to put machineries in place to strengthen the implementation of the NOTAP-Industry Technology Transfer Fellowship (NITTF) scheme for efficient and speedy technology development of the Country. The process of strengthening includes review of Bond (agreement) with the stakeholders and implementation guidelines.
Speaking at a one day interactive meeting with key stakeholders of the scheme made up of the beneficiaries, their supervisors as well as the sponsoring companies at Kano for the Northern region, the Director General of NOTAP, Dr DanAzumi Mohammed Ibrahim said that there was need to look into the existing agreements signed between the Office and beneficiaries of the NITTF program with the view to making some amendments to reflect the experiences gained from the inception of the scheme in 2015.
The DG noted that in carrying out one of its statutory mandates, NOTAP discovered a huge gap between the academia and the industry especially in linking Research and Development (R&D) results to the manufacturing sector of the economy.
He stated that in order to address the weakness and bridge the gap in the process of acquiring and adopting foreign technologies in Nigeria, NOTAP initiated a programme known as NOTAP-Industry Technology Transfer Fellowship (NITTF).
Dr. Ibrahim stated that based on some noticeable lapses in the agreement as well as the implementation guidelines, there was need to review the documents to address the challenges and reflect current realities, all the stakeholders will adhere strictly.
He added that the beneficiaries of the NITTF scheme under the agreements were to furnish the Office with quarterly reports of their progress and challenges but in most cases, they wait for the Office to demand for that before they send their report.
He also noted that as part of the agreement, the sponsoring companies are supposed to allow the beneficiaries to undertake industrial visit to their facilities for practical experience.
The NOTAP Boss further stated that the scheme was for three to four years sponsorship but according to him, some candidates were able to graduate within the stipulated time while others have spent over seven years, hence the need for the interactive meeting to ascertain what the challenges are and proffer solution where applicable.
Also while declaring open the Southern region NITTF stakeholders forum held in Lagos recently, the Director General who was represented by the Director Consultancy Services of NOTAP, Dr. Adamu Tandama noted that the Office was established to regulate the inflow of foreign technology into the Country through the Registration of Technology Transfer Agreements and at the same time promote the development of indigenous technologies.
He added that the Office carries out the registration of technology transfer agreements after evaluating the agreements under three major perspectives; economic, legal and technical perspectives.
The DG stated that sometimes agreements are drafted abroad by the foreign technical partners without recourse to the laws of our Country and when such infractions are noticed during evaluations, such agreements are usually not registered.
He further noted that some agreements are drafted without taking cognisance of the need for capacity building in the technology transfer components to ensure the development of skilled critical mass for socio-economic development of the Country.
He said that the NITTF scheme was an initiative designed to develop the technical competencies of young and talented Nigerians with master’s degree but have unwavering interest in academia to pursue their doctorate degrees in any field of choice by the sponsoring company.
He added that multinational companies usually embark on Corporate Social Responsibility (CSR) by building schools and digging boreholes for their host Communities which according to him is good but could be better by building capacity of the citizens, hence the introduction of NITTF for manpower development.
The Director General encouraged the beneficiaries and other Nigerian researchers to first file for patenting of their inventions before publishing their R&D results in any international journal as according to him, any research finding that is published before filing for patent is already in the public domain and can be exploited by anybody.
He encouraged more companies to show interest in the scheme so that some of their challenges which hitherto were referred to their mother companies abroad can be solved within the country at quicker and cheaper rates. The NITTF stakeholder’s fora for North and South achieved the set out objectives as areas for improvement have been identified.
Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.
He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).
Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.
He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.
“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.
Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.
He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.
“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.
He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.
According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.
Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.
He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).
“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.
Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.
He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.
Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.
Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.
President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.
The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.
It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.
“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.
“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.
Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.
Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.
“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.
From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.
Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.
In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.
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