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State of Software Industry, Reflection of Nigeria’s Economy- Mike Olajide, Sidmach ED

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By peter oluka

Software is at the heart of the global knowledge economy as the increasing adoption of ICT enabled tools and technologies further enhance the value the value.

Also, software presents Nigeria with an opportunity to take high up position in the global ICT value chain. The value chain consists of the creators.

However, the industry has witnessed some major challenges.

Nigeria CommunicationsWeek approached Mr. Mike Olajide, the executive director, Finance and Administration of Sidmach Technologies Nigeria Limited and the executive chairman, WaveTek Nigeria Limited.

He is a 1981 graduate of Computer Science from the University of Lagos; a distinguished Data System Analyst with over 35 years in the IT industry. He has a vast knowledge about the software industry in Nigeria.

According to Olajide, “Just like in every other sectors, we failed as a nation to do what we need to do to develop the software industry. It was a deliberate policy of the Indian government and people to develop the software industry for both local and international consumption. We have not developed and implement such a policy even now. What you are seeing today in the software industry is a product of private initiatives. Young people decided to move the industry on their own. Even the local content policy is not enforced for the MDAs not to talk of Private Enterprises. Government only reacts to what people are doing in the industry”.

He described the Nigerian software industry as innovative, virile and resourceful.

“I can tell you that the Nigerian Software industry is innovative, virile and versatile but the management and support from the government is still very low. Indians have grown their homemade software and are exporting them to the world while Nigeria still depends on imported. We pride ourselves in imported products than homegrown products. The time has come to have a change of attitude,” he said.

The ED Finance and Admin at Sidmach, added “Software development costs time and money. No developer can survive without requisite expertise, experience, financial clout/support and patronage. For more than two decades now, Sidmach have been engaged in software development, which are deployed to our clients’ sites and they have performed optimally without fail. We pride ourselves in software development and we have engaged many young people through this”.

To him, lack of patronage of local software companies is one of the greatest problems confronting the industry in Nigeria; “a situation that is not applicable in India. Due to non-patronage or low-patronage of local software in Nigeria, the country loses much in foreign exchange. The payment made in dollars and euros for subscriptions and annual software maintenance fee could be reduced and retained in the country through the purchase of local software”.

“For example, let us imagine what we would have gained if, at least, just one Nigerian bank decides to use an indigenous software rather than the prevailing situation where they all use foreign software or if the software used by the National Identity Management Commission (NIMC) or the one installed at the Office of the Accountant General of the Federation [OAGF], Federal Inland Revenue Service [FIRS], NIBSS and the Central Bank of Nigeria [CBN] are powered by indigenous software companies. This is possible today but it is requires government policy. WAEC, JAMB and NYSC are not using foreign software and they have continued to do very well in carrying out their functions”.

Watch out for the full interview soon.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

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Google has launched its Search Live feature globally to over 200 countries, including Nigeria, where AI Mode is available, enabling voice-and-camera conversations in users’ preferred languages.

Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

Google

Powered by the new multilingual Gemini 3.1 Flash Live model, it delivers natural, real-time interactions via the Google app on Android or iOS—tap the Live icon under the Search bar.

Ideal for hands-free help, users can speak queries for audio replies, follow-ups, or web links. Camera integration adds visual context, like troubleshooting a shelving unit, or pairs with Google Lens for real-world chats.

From the app or Lens, Nigerians can now explore, learn, or solve tasks instantly, boosting everyday productivity worldwide.


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IFC Invests $45m to Green African Telecom Sites

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Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.

To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.

The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.

The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.

It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.

By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.

The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.

With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.

Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.

This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.

This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.

Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.

Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.

The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.


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Expedier Launches Platform to Ease Cross-Border Payments for African Firms

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Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Kingsley Madu

The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.

Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”

Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.

Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.

As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.


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