General News
Right of Reply: SAHCOL Got it all Wrong
Indigenous Software: SAHCOL got it all wrong! The purpose of this write up is to present an empirically informed understanding of the processes inherent in software development dynamics as a professional response by the Institute of Software Practitioners’ of Nigeria (ISPON) to statements and opinion published in the Nigeria Communications Week – Online version of Friday, August 3, 2012 (Online News Letter August 3, 2012) and credited to one Adejare Adekitan, a staff and head information and Communications Technology (ICT) at Skyway Aviation Company Limited.
The views would definitely not go unnoticed by discerning I.T Professionals and indigenous Software Developers. This response therefore aims to correct the very misleading and ignorant impression by the source – Mr. Adejare.
Mr. Adejare in his remark emphasised the continued patronage of Foreign Software as against indigenous software-and a critical look at this statements did not present any argument on technicalities as to the reason why indigenous software is not of reckoning to the Aviation.
This is a fallacy and goes to a long way to publicly display the deep of ignorance of how software product functionality, quality and integrity emerges and are sustained. It is therefore constructive to emphasize that “No software in the World is perfect” – that is why continuous versioning of Applications and solutions are strategic imperatives. Software Engineering is about transforming organisational policy, functions, business-processes and operations culture into an automated systems solution.
It is important to emphasise the following to debug and debunk the fallacy embedded in the statement of Mr Adejare: 1. All Software Solutions of the world are delivered with one, many, and several process flaws or errors in them – that is why there are many versions, leading to system capability and maturity model (CMM). Even at that, the complexity of human needs continues to demand more perfection that makes flawless software process a mirage.
2. There are numerous Foreign Software – imported into Nigeria and deployed\implemented by the Aviation and Banking sectors and other core Industries at colossal cost to shareholders and national economy – that have either FAILED to perform, or fulfill the contract scope of works!
3. I doubt is Mr Adejare is listed in the membership registry of Professional IT/Software Practitioners’ of Nigeria and his opinion to say the least is grossly uninformed and a layman view. His views are grossly misleading, ignorant and should not be taken as expert opinion.
Least Mr Adejare forgets, that as an electrical engineering graduate who to my view had never ventured nor written any reasonable Software application for the Aviation industry, will arrogate to himself to be an expert judge on Indigenous Software. By extension, he missed the point by expressing the view that Africa has no credible Software Developers which is equal to saying that orthodox medicine cures all illnesses in Africa.
Nay, the matter is about human intellect and creativity – that is software and Africa/Nigeria have them plenty. Let is be said that indigenous software applications are driving the significant operations of some of Nigeria’s top performing industries, including Aviation banks, oil and Gas, and so on.
The critical issue of this subject matter is focused on the fact that Software development lifecycle has two fundamental elements: Domain Knowledge and Professional Expertise on Analytical Process to codify the required solution – applying specific tools and standard procedures. In that context, Aviation Applications are predominantly and indirectly address and specified by Domain Knowledge Resources from the sector (who generate the operational policy roadmap brief) working directly with Software Analysts’ Engineers and Developers who apply technology process logic and tools to deliver the assessed needs of the client.
Same applies to Space Exploration, Communications, Financial, Accounting, Payroll, Construction, Medical, Agricultural, Oil & Gas Solutions to mention but a few. Software from the above mentioned domain are often subjected to intensive domain research through various channels of investment –particularly encouraged by the financial institutions.
The gestation period is long – maturity timeline ranges from minimum 3 to 5 to 7 years. To the best of our knowledge, there has not been any of such classified investment in the Software industry in Nigeria by the Banking Sector. What Mr Adejare seems to forget is that Indigenous Software Developers read from the same Universities, book and use the same tools as their foreign counterparts. Enabling environment may differ.
Indeed, the domain policy, operational requirements and briefs from the clients are then matched with the technology needs-assessment of the clients to enable the Software developers come up with the desired design and appropriate tools capable of delivering the solution.
Software – simply defined as computer software, or just software, is the collection of computer programs and related data designed to provide the logical instructions directing a computer hardware or related devices on what to do.
The term was coined to contrast to the old term hardware (meaning physical devices). In contrast to hardware, software is intangible, meaning it “cannot be touched”.
Software is also sometimes used in a more narrow sense, meaning application software only. Most of these software applications are derived from DOMAIN needs and replicate the operational characteristics of such domain.
Coming from the banking sector which should be concerned about the growth of the economy, this is really heart breaking and goes a long way to show that majority of our financial institutions are not committed to the growth of the Nigerian economy.
Mr. Adejare of SAHCOL got it all wrong by while asserting that foreign software solutions are the answer to Nigeria’s Aviation Sector, he has not stopped to think of the peculiarity of adaptive technology which can only be guaranteed by the local developers. By extension, he might have become a paid ally of those countries who intend to box us into the Digital Colony Domain, where Aviaton Application software becomes the major tool to assassinate stubborn African/Nigerian President in Future.
He probably has not realised that the domain knowledge is most critical to the development of application software solutions and that Nigerian Developed Software is perhaps the most fundamental component for the future and survivability of the Nigerian nation.
His argument that the Software industry in Nigeria might be young, thus unable to handle enterprise software and solutions of ‘Aviation Proportions’ is flawed on the background of the cognate experience of Nigerian Software Developers which spans more that 30 years of the 50 years origin of modern software development culture.
Mr. Adejare has not taken into account of the fact that Nigerian software developers have worked and continue to support the sustainability of foreign software.
Indeed, these Nigerians still head those foreign software organisations operating in Nigeria.
Mr Adejare not only sleights the software industry which was given credence by the Obasanjo Administration when the then President directed all MDA’s to use Indigenous software but also berates himself as an IT professional for being incapable of meeting the technical and intellectual needs of an industry which prides itself on imported software.
Nigeria may not have dedicated tertiary institutions as concerns software development, but that does not mean that the higher institutions/indigenous companies are not meeting the software needs of discerning Nigerians. How much of investment has the bank committed into software development in Nigeria?
Mr. Adejare needs to sit with developers and let them showcase their milestones and challenges instead of insulting the intellectual capability of software practitioners by falsely asserting that indigenous application software are not robust enough to meet the rigours of enterprise demands.
Indeed that false statement becomes transparently misleading when weighed against the following false statements: 1. Nigerians are not capable of developing and managing Banking business!
2. Nigerian Pilots are not capable of flying an A380 Airbus!
3. Nigerian Lawyers and Judges are not capable of handling international judicial litigation!
4. Nigerian Scientists are not capable of making new discoveries! 5. Nigerian writers are not capable of writing internationally acclaimed books! 6. Nigerians are not capable of being the President of their nation!!!
ISPON demands and unreserved apology from Mr. Adejare for insulting Nigerian Software Developers. To SAHCOL, the employers of Mr. Adejare, ensure that your staff is registered to practice the ICT Profession in Nigeria, else, he is undertaking and illegal employment.
That the software industry in Nigeria is not being patronised is due to the subconscionable bias towards foreign goods which majority of colonised countries still carry.
They should liberate themselves from this mental slavery and wake up to the reality of Nigerian Entrepreneurial spirit.
Furthermore, the foreign exchange transfer factor of Foreign Software and services is why people like Mr. Adejare have become their spokesman.
The digital space and laboratory for the practice of Software in our nation is the client’s domain the is our current and future laboratory – and no one has the right to deny indigenous software developers the fundamental and intellectual rights (IPRs) to practice their profession within that digital/cyberspace.
It is a great illusion to belief that things will remain the way they presently are!
There is need to inform Mr. Adejare that our education system is currently producing Information Technology Practitioners in very large numbers.
And that the Nigerian code warriors have arrived and ready to take charge. Finally, Nigerian Aviation should open the digital space and create a level playing field for Indigenous Software developers – both at home and in the Diaspora.
They should proof their support for indigenous software by challenging them with project calls. The hide and seek game in defence of foreign software to corruptly earn foreign exchange is over! With the Local Content act, Game is up.
National Information Technology Development Agency (NITDA) has emphasized the importance of developing policies that intentionally include approximately 35 million persons with special needs in digital literacy and technology empowerment initiatives.
Ms. Grace Jerry, executive director, Inclusive Friends Association (IFA) and Malam Kashifu Inuwa, director-general, NITDA.
This was stated by Malam Kashifu Inuwa, director-general, NITDA, in Abuja during a meeting with a delegation from the Inclusive Friends Association (IFA), a disability advocacy organization led by Ms. Grace Jerry, its executive director.
Inuwa noted that integrating persons with special needs into these programmes supports President Bola Tinubu’s agenda of economic reform and inclusive growth.
“This has brought to my attention the need to be more intentional in the way we design our programmes because there is no way we can achieve 95 per cent digital inclusion if we exclude 35 million Nigerians.”
“The agency has always been conducting targeted training for people with special needs in various parts of the country in the past.
“We will ensure that we expand our initiatives to all parts of country and our office facility have that in consideration but our programmes going forward will reflect this inclusion,” he said.
The Director General recommended including representatives from the disability community in national ICT committees tasked with setting standards, designing training curricula, and shaping policy frameworks.
He emphasized that their participation would ensure adequate representation and facilitate implementation beyond bureaucratic constraints.
He further advocated for the integration of disability-focused initiatives into national programmes such as the National Youth Service Corps (NYSC) tech schemes, women’s training cohorts, and other major technology-driven activities. According to him, these platforms offer vital opportunities for networking, skills development, and enterprise support.
“For us, it’s beyond just training. The real goal is empowerment, how we can train people to use IT to expand their businesses and improve their lives,” Inuwa said.
He reaffirmed the agency’s commitment to strategic collaboration and invited disability-focused organisations to partner with NITDA in shaping an inclusive digital economy.
Earlier, Jerry expressed appreciation to the agency for the engagement and highlighted the digital gap within the disability community.
She said the government’s goal of achieving 95 per cent digital literacy by 2030 would only be realistic if it was truly inclusive.
“Digital literacy is fast becoming a foundational skill for employment, and without deliberate inclusion, millions will be left behind,” Jerry said.
The meeting highlighted NITDA’s growing commitment to inclusive policy development, aligned with the nation’s economic reform agenda.
General News
Interswitch, Bank of Sierra Leone Champion Financial Inclusion @ Sierra Leone Fintech Forum 2.0
As part of its sustained efforts to accelerate Sierra Leone’s digital finance transformation, Interswitch, one of Africa’s leading integrated payments and digital commerce companies, in collaboration with the Bank of Sierra Leone (BSL) has successfully hosted the second edition of the Sierra Leone Fintech Forum, bringing together key stakeholders across the financial ecosystem to chart a course toward broader access, inclusion, and growth through digital payments.
The event, which held at the New Brookfields Hotel in Freetown, convened senior representatives from both the public and private sectors, including regulators, banks, fintechs, mobile money operators, and development organisations, for a day of high-level dialogue and engagement.
Building on the success of the inaugural edition, this year’s theme, “Access, Inclusion and Growth – Deepening Digital Payments in Sierra Leone,” reflected a shared commitment to building a more inclusive and resilient financial system through collaboration and innovation.
Delivering the keynote address titled “Building on Progress: Expanding Access, Driving Inclusion, and Fueling Growth for National Prosperity,” Akeem Lawal, Managing Director, Payment Processing and Switching (Interswitch Purepay), reinforced the company’s commitment to co-creating value in the markets it serves.
“Financial inclusion goes beyond launching more apps or issuing more cards, it’s about solving real problems with solutions that are scalable, secure, and grounded in local realities. Since the first edition of the Fintech Forum, Sierra Leone has made clear progress, with strong mobile penetration and a forward-looking Central Bank. What’s needed now is execution that is sustained, coordinated, and responsive to the realities on the ground.
“By applying lessons from multiple African markets and tailoring them to local needs, Interswitch is committed to supporting Sierra Leone’s digital transformation. That means enabling agency networks that function effectively, driving merchant acceptance to reduce cash reliance, and working closely with regulators to co-create policy that drives real progress and inclusive growth.”
In his remarks, Dr. Ibrahim Stevens, Governor, Bank of Sierra Leone, commended Interswitch’s continued investment in the country’s digital transformation journey. He highlighted the Central Bank’s commitment to driving regulatory innovation and building an inclusive ecosystem. He said,
“The Bank of Sierra Leone recognises the critical role of digital financial services in building a more inclusive and resilient economy. Events like the Sierra Leone Fintech Forum, in collaboration with innovators like Interswitch, help accelerate the adoption of technologies that bring more Sierra Leoneans into the formal financial system. We remain committed to creating an enabling regulatory environment that fosters innovation while ensuring consumer protection and financial stability.”
A key highlight of the forum was the live demonstration of Interswitch’s Agency Banking solutions, designed to bridge the gap between traditional banking infrastructure and underserved and remote communities. Attendees experienced firsthand how the platform supports secure, efficient, and accessible financial transactions across Sierra Leone through a decentralised network of agents.
The event featured a series of insightful panel discussions, interactive Question & Answer sessions, and networking opportunities, fostering collaboration and knowledge exchange across the ecosystem. As mobile connectivity expands and Sierra Leone’s digital agenda accelerates, the forum provided a timely platform to align actors, surface practical solutions, and build collective momentum toward a more inclusive financial system.
The Sierra Leone Fintech Forum reaffirmed Interswitch’s role as a catalyst for digital finance transformation in the region and across the continent. As the financial landscape continues to evolve, the company remains committed to supporting the country’s financial inclusion goals through innovation, shared infrastructure, and strategic partnerships that power a more inclusive, digital and future-ready economy.
General News
AFC Proffers Action Plans for Nigeria, Africa to Unlock $4trn from Investors to Grow Economy
Nigeria and other African nations can tap up to $4 trillion in capital from institutional investors, an amount that could be used to fund the continent’s infrastructural gaps and engineer much-needed economic growth, according to the Africa Finance Corporation.
While there are as investable domestic capital across banking assets, institutional funds, and reserves, the multilateral lender revealed on Thursday that funds are still being channeled into “low-risk and short-term instruments instead of being channelled into the real economy.”
“Redirecting more savings into the real economy is critical,” said Rita Babihuga-Nsanze, AFC chief economist and director of strategy, speaking during the AFC’s 2025 State of Africa’s Infrastructure briefing. “Africa must build its intermediation infrastructure to match its development needs.”
Nigeria is however demonstrating how Africa can unlock domestic capital for infrastructure, with its pension fund investments in the sector rising from just $6 million in 2015 to more than $155 million in less than a decade.
This milestone, driven largely by reforms and credit enhancement mechanisms like InfraCredit, underscores the growing role of pensions in financing long-term development on the continent.
Data from the Africa Finance Corporation (AFC) shows that as of February 2025, Nigeria’s infrastructure-related pension assets had grown to N250.87 billion, representing 1 percent of total assets under management (AUM).
This is a sharp increase from the N1.19 billion recorded in 2015, which stood at just 0.02 percent of AUM.
A turning point came in 2017, with the launch of InfraCredit and Nigeria’s maiden corporate infrastructure bond. The credit guarantee initiative helped de-risk infrastructure projects, attracting conservative institutional investors like pension fund administrators (PFAs).
Chinua Azubike, managing director of InfraCredit said the credit-guarantee institution has helped facilitated bonds to build critical infrastructure, citing the bond raised for the construction of the Lagos Free Zone.
Azubike noted that while perception of risks persists, the company has “zero default rate” despite being involved in well over 12 sectors.
But while Nigeria’s growth is notable, pension allocations across Africa remain largely skewed toward low-risk, short-term instruments such as government securities and money market funds.
In countries like Ghana and Uganda, over 75 percent of pension assets are held in government bonds. Nigeria itself still holds 63 percent of its pension assets in these instruments.
This conservative stance, analysts say, reflects both regulatory caution and the underdevelopment of local capital markets.
In contrast, economies like India and OECD countries show a more balanced allocation, with significant exposure to corporate debt, real estate, and alternative investments. For example, OECD pension funds allocate nearly 20 percent to alternatives, according to AFC data.
To replicate Nigeria’s model, experts are calling for a coordinated effort to deepen capital markets, build risk assessment capacity, and create vehicles that can intermediate long-term finance effectively.
Beyond returns, pension investments in infrastructure have the added benefit of creating jobs, boosting productivity, and supporting economic resilience, critical needs in a post-pandemic, climate-vulnerable Africa.
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