E-Business
NOTAP DG Cautions Regulators on Policy Implementation
Dr. Dan-Azumi Mohammed Ibrahim, director general, National Office for Technology Acquisition and Promotion (NOTAP) has cautioned regulators in the country to be firm in implementation of government policies for impact.
He said that government policies cannot deliver good results if regulators implementing such policies are not firm and greedy. “If regulators are not firm with government policies there is no way you can see impact of those policies,” he said.
Dr. Dan-Azumi, stated this at a cocktail organised in his honour by the National Software Think Tank (NSOFT) in Lagos. He reiterated how NOTAP started local vendor policy which is aimed at building capacity in software ecosystem. The vendor policy means that before any agreement on software is registered in NOTAP, there must be a Nigerian IT company involved in the deployment and maintenance of that software.
“It was a very bold initiative but not without resistance from many angles, the idea is that if Nigerian professions or talents are involved in the deployment and maintenance, original equipment manufacturers have no reason not to come and develop our talents. So, this software local vendor policy became fully entrenched and we insist that at no time will any agreement be registered without a local vendor company.
“We have had blackmails, threats among others, but it is a regulator, if you remain firm those companies coming into this country have no choice than to queue into the policy provided you are not greedy. If you are greedy they can compromise you and that is the end of any regulation.
“After our joint seminar with CWG Plc we discussed freely and found out that software is a sector that must have a deliberate policy not only to develop capacity but to ensure that the policy put in place will force the system to begin to materialise to what is known as locally developed software.
To this end, we set up a Think Tank committee that did a very thorough work. I must commend you, when I saw the quality of work that you produced, if we are able to work along that line I belief it is a matter of time Nigeria will be like India. With the quality of people we have what we need is the policy to strengthen the implementation of those recommendations, he noted.
In his remarks, Chris Uwaje, chairman, Connect Technologies, organiser of the Cocktail, said that no other sector can provide the strategic, prosperous and sustainable solution for Nigeria’s future, development, security and survivability other than software.
“Software is not just about information technology, but indeed the oxygen for human existence. Our entire life is an infinite genetic Code. That is the absolute significance of software ecosystem.
“The National software think tank (NSOFT) is a convergence of ICT expert group setup by the National Office for Technology Acquisition and Promotion (NOTAP) as a significant fallout on the resolution of the 2-day ICT stakeholders roundtable on the application and use of software in the financial sector- jointly hosted in Lagos by NOTAP and the National Information Technology Development Agency (NITDA).
“The main thrust of NSOFT is to advance a 5 year strategic plan to encourage adoption of indigenous software for the security and growth of the economy, build commensurate capabilities and capacities to alleviate the critical challenges of the indigenous software ecosystem and provide a formidable roadmap for the advancement, sustainable development and competitiveness of software Nigeria.
“Ultimately, this strategic plan aims at ensuring the provision of massive employment opportunities for millions of Nigerian youth, contribute to the GDP and become a viral export resource for wealth creation and national security,” he said.
According to him, “in the UNCTAD 2012 edition, special attention was given to the role of software capabilities in accelerating progress towards a more inclusive information society – with particular reference to developing economies including Nigeria”.
He outlined the key issues covered which included but not limited to the following;
- The link between software capabilities and development
- Critical and regional trends in production, spending, trade, investment, venture capital and employment in the software sector.
- The evolving ICT landscape and its impact on software production patterns
- Trends and implications related to free and open source software (FOSS)
- An analysis of the market orientation of software production in developing in countries.
E-Business
Abdullahi, NITDA Boss Harps on Partnership to Drive Advance Digital Transformation Agenda
Mallam Kashifu Abdullahi, director-general, National Information Technology Development Agency (NITDA), has reaffirmed the importance of collaboration in advancing Nigeria’s digital transformation agenda.
Abdullahi disclosed this during a strategic engagement with participants of the 2024 Senior Executive Course 46 from the National Institute for Policy and Strategic Studies (NIPSS), a delegation led by Brigadier General Abdulrahman Idris.
Abdullahi emphasised that no organisation can achieve its goals in isolation, stressing the need for collaborative efforts to harness ideas, experiences and insights for national development. He highlighted the potential of collaboration between NITDA and NIPSS to leverage technology and digital innovation for driving economic growth, creating job opportunities and attracting foreign direct investment (FDI).
“At NITDA, we have re-imagined our social contract with Nigerians, focusing on improving service delivery and fostering the swift growth of the ICT sector,” said Abdullahi. He emphasised the agency’s commitment to serving Nigerians and outlined the strategic direction outlined in NITDA’s Strategic Roadmap and Action Plan (SRAP 2024-2027) 2.0. The SRAP is structured around eight pillars aimed at fostering digital literacy, building a robust technology research ecosystem, strengthening policy implementation, promoting inclusive access to digital infrastructure, enhancing cybersecurity, nurturing innovation and entrepreneurship, forging partnerships and cultivating a vibrant organisational culture.
The brigadier-general provided insights into NIPSS’s role as Nigeria’s foremost policy think-tank, tasked with developing top-class technocrats to drive national development initiatives. He highlighted NIPSS’s contributions to policy formulation and implementation over the years, emphasising the institution’s mandate to address issues of national interest, particularly in the digital economy sector.
The collaboration between NITDA and NIPSS underscores the importance of synergistic efforts in harnessing technology and innovation for national development. By leveraging each other’s expertise and resources, both organisations aim to drive economic growth, foster job creation, and position Nigeria as a leading player in the global digital economy.
Through strategic partnerships and collaborative initiatives, NITDA and NIPSS are poised to chart a path towards sustainable development, leveraging digital innovation as a catalyst for socioeconomic transformation and inclusive growth.
E-Business
IvoryPay, Tether to Drive Crypto Transfers Across Africa
Ivorypay, a blockchain-based payment and remittance firm, has teamed with Tether, the stablecoin pioneer, to improve crypto-based transactions across Africa.
Tether is the business that developed the stablecoin, USDT, and with this agreement, it will mint and issue USDT straight to IvoryPay.
According to the partners, this agreement would provide more dependable and economical digital transaction choices to businesses and consumers across Africa.
Ivorypay will leverage Tether’s widespread acceptance to provide a buffer against the typically unpredictable nature of crypto-currencies, increasing user confidence in using digital currencies for daily transactions as well as cross-border transfers.
“Partnering with Tether is a strategic move that aligns perfectly with our vision of simplifying and securing crypto transactions across Africa,” said Oluwatobi Ajayi, CEO, IvoryPay.
He added: “It gives us easy access to the liquidity we need to cater to more businesses and individuals across the continent and to do that cheaper and faster than anybody else, which we believe will significantly enhance user trust and increase adoption rates across our platforms.”
“This strategic partnership between Ivorypay and Tether represents a transformative step for digital transactions across Africa,” said Aly Madhavji, managing partner of Blockchain Founders Fund.
“By incorporating USDT into their payment systems, IvoryPay aims to increase financial inclusion and streamline cross-border remittances, establishing a new standard for stability and efficiency in the region’s financial services We are thrilled to assist Ivorypay as they endeavour to create new opportunities for businesses and consumers across Africa.”
E-Business
CAC Revokes NIPOST Subsidiaries’ Certificates
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited.
This revocation followed the discovery of an illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance to the agency’s subsidiaries.
The CAC, in a statement on Monday, said, “The General Public is hereby informed that the Commission, sequel to its powers contained in Section 41 (7) of the Companies and Allied Matters Act No. 3 of 2020, revoked the Certificates of incorporation of the below-mentioned companies because the same was improperly procured. These companies are:
“1. NIPOST Transport and Logistics Services Company Ltd RC 1673881 and 2. NIPOST Properties & Development Company Ltd RC 1673971.
“By virtue of these revocations, the Companies are deemed to be dissolved and their Assets and Liabilities transferred to the Nigeria Postal Services established under the Nigerian Postal Services Act Cap N127 LFN 2004.”
It was gathered that CAC records confirm that as of November 8, 2023, some top officials of BPE control significant shares in the subsidiaries.
Responding to these discoveries, the Senate passed a resolution on December 30, 2023, for a probe into the matter.
The resolution declared the NIPOST subsidiaries in question “irregular and illegal” and recommended their immediate winding-up and deregistration.
The Senate resolution goes beyond immediate action; it demanded a thorough investigation into the N10 billion voted by the Ministry of Finance for NIPOST’s restructuring and recapitalisation.
Should evidence of “injudicious utilisation” surface, the Senate said the committee responsible must recover the full amount.
In its resolution of December 30, 2023, the Red Chamber said it uncovered an alleged illegal transfer of Federal Government shares in two NIPOST subsidiaries to private individuals.
The discovered infractions sparked outrage, prompting the lawmakers to call for immediate action.
Some individuals in key positions within the Bureau of Public Enterprises (BPE) and NIPOST were listed as shareholders of the two NIPOST subsidiaries.
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