Technology Technology Trends

REGULATING LOCAL CONTENT IS TRANSFORMING NIGERIA’S ECONOMY – DG NITDA

The Director General of National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi CCIE, said that regulating indigenous content development and adoption is one of the strategic pillars that is transforming Nigeria’s economy, as well as putting the country on the right to tract in achieving Digital Economy.

Abdullahi said this at an online webinar on Local Content Policy in the ICT Sector with the theme: “Local Content Policy in the ICT Sector as key to Achieving Objectives of the Digital Economy in Nigeria” organised by Centre for Information Technology and Development (CITAD) in collaboration with NITDA and Speedstar.

He stated that in August, 2020, NITDA updated the Guidelines for Nigerian Content Development in ICT to align with the two issued executive orders 003 and 005, which led to enforcing compliance with all local content policy in IT projects through the Agency’s IT project clearance mandate.

“Through our modest efforts we have transformed the landscape and stimulated demand for made in Nigeria ICT products and services. Our policies have increased the consumption of local hardware in an unprecedented manner from annual sale of 113,814 in 2015 to 414, 510 in 2018 and 364,376 in 2019. We also facilitated patronage of indigenous software, amounting to over 3 billion naira through our regulatory local content guidelines and IT clearance,” he said.

He added that Local Content Policy in the ICT sector under the purview of the Agency has played a crucial role in increasing the consumption of local content, placing policies on the use of local content items in the various Ministries, Departments and Agencies (MDAs) across the country.

“The Administration of President Muhammadu Buhari GCFR, has given a special priority to diversification through strengthening of our indigenous content and local production with the motive to boost the boost the Nation’s Gross Domestic Product (GDP). In 2015 the country’s economy was down due to the fall in oil price crash, a team of experts was setup to develop policy for the government to diversify our economy, which gave birth to Economic Recovery and Growth Plan (ERGP) 2017 – 2020.”

“The Economic Recovery and Growth Plan (ERGP) is a Medium Term Plan for 2017 – 2020, for the purpose of restoring economic growth, building a globally competitive economy and accelerating inclusive growth by investing in our people the nation’s most priceless assets. The policy also identified Information and Communication Technology (ICT) as the key enabler, he added.

The NITDA boss said that the Federal Government of Nigeria issued two executive orders 003 in May, 2017 to support procurements of local content products and services by Ministries Departments and Agencies (MDAs), while Executive Order 005 was issued in February, 2018 to promote Nigerian content in planning, execution of projects and contracts in science engineering and technology respectively.


“Digital Economy is the fastest growing economy in Nigeria and the World in general. To sustain and consolidate the growth we need to ignite innovation and entrepreneurship in the digital space. Most of our initiatives today are innovation ecosystem centric that will help us to come up with ideas that will create values in Digital space,” he emphasized.

He further stated that guidelines for Nigerian Content Development in ICT require Multinational Companies (MNCs) operating in Nigeria to submit a annual report on local content development activities. According to him, assessment of the 2018-2019 Local Content Development Reports submitted by 9 MNCs indicates that a total of 663 Nigerians are employed by the MNCs and also, about 2,033 direct and indirect jobs were created through the MNCs activities.

The DG added that it also supported 88 Nigerian Startups, trained 28,773 Nigerians on emerging technologies, 58,892 Girls/Women trained in ICT, about 1,354,988 Nigerians were trained in Digital Skills, 71,289 ICT Scholarship Programs for Nigerians, 519,313 Nigerians were trained in ICT Professional Development.

“To sustain and consolidate on these achievements, the government rolled out Nigeria Economic Sustainability Plan and in line with the sustainability plan our Ministry under the leadership of the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, sought the President’s approval to re-designate and expand the mandate of our Ministry to cover digital economy. This request was graciously approved and the Minister formulated the National Digital Economy Policy for Digital Nigeria. The minister has issued more than a dozen policies to support the implementation of the Digital economy.

“Digital economy is mainly driven by rapid business innovation, using digital technology to deliver new customer value proposition, new business model, new organizational structure, new customer experience, operational excellence and enhanced products and services. This cannot be achieved in isolation; we need innovation ecosystem.

“It is obvious that innovation is not evenly distributed globally but there is something common among all innovative countries. They all have a strong innovation ecosystem.

“To build a vibrant innovation ecosystem in Nigeria, we have keyed into MIT program call REAP – Regional Entrepreneurship Acceleration Program. REAP is a global capstone initiative that provides opportunity for communities to engage with MIT in an evidence-based and practical approach to strengthen innovation ecosystem. This centre will serve as a platform for the MIT-REAP initiative,” he said

Abdullahi pointed out that COVID-19 has impacted lives in an unprecedented way, many aspects of lives – work, education, economy, entertainment, have moved online. According to data compiled by Visual Capitalist, in a single internet minute in 2020, consumer spend more than 1m USD, over 42 million messages shared via WhatsApp, more than 1.4 million people make video or voice call, over 150,000 messages shared on Facebook, more than 319 new accounts created on Twitter, LinkedIn users apply for over 69,000 jobs, more than 6,500 packages shipped by Amazon, and over 200,000 people participate in Zoom meetings.

Leave a Comment

Your email address will not be published.

You may also like

Business

TIPS TO USE SPOT A TOXIC BOSS

post-image

 

While job interviews are the place for a company to find out about a prospective employee, they’re also a chance for the interviewee to find out if they want to work for, and with, the people interviewing them.

To spot someone who might end up being a difficult boss, The Wall Street Journal writes, there are some things to look out for and steps to take.

🤝 Meet in person: Choosing an in-person interview can give you many extra clues about how a potential employer interacts with people. If your interview is over lunch or coffee, you can also see how the interviewer treats service staff.

🔉 Ask direct questions: If you want to know more about a specific aspect of the role or working culture, ask about it. For example, if it turned out you were just the latest to leave in a long line of people who couldn’t work with…

Read More
Business Finance

BaaS: Tomorrow’s financial solutions, today

post-image

 

 

The world of financial services is changing – for the better. A multitude of virtual banking and payment options, cardless and accountless services, and now, Banking as a Service (BaaS) are making financial inclusion the norm instead of a privilege, says Anton Coertzen, CCO of leading fintech enablement partner Ukheshe

 

BaaS is the latest technology making waves in the financial services world and Gartner predicts it will hit mainstream adoption within two years. BaaS is one of four technologies that Gartner says have the potential for high levels of transformation in the banking sector – the others being chatbots, public cloud for banking and social messaging payments apps.

 

A Deloitte report also says BaaS is becoming ubiquitous. “It’s reconfiguring the banking value chain, opening the door to disintermediation, and enabling new sources of growth,” it notes.

 

How does BaaS work?

BaaS came about because the ability to offer banking services such as…

Read More
Art Business Culture Health

Impacting Gender & Nutrition through Innovative Technical Exchange in Agriculture (IGNITE) Partners Discuss Applied Research Findings on Gender and Nutrition Integration in Agriculture

post-image

The IGNITE project (Impacting Gender & Nutrition through Innovative Technical Exchange in Agriculture) organized a Research Summit in Nairobi, January 23 through 25, to share findings and evidence collected around six broad programmatic learning questions concerning ways of effectively and efficiently increasing women’s empowerment in agriculture as well as equitable consumption of nutritious diets. Over 70 participants attended the Summit, representing more than 20 IGNITE partners from Burkina Faso, Ethiopia, Nigeria, Tanzania, Zimbabwe, and Kenya. The IGNITE Research Summit has brought together practitioners from the private sector, NGOs, governmental agencies, policy making agencies, researchers and academia.

 

With escalating food and nutrition insecurity in the world, Africa has not been spared. According to the State of Food Security and Nutrition in the World 2022 (https://bit.ly/3WDYfZw), 828 million people suffered from hunger in 2021, including 278 million people in Africa. There are many causes behind food and nutrition…

Read More
Art Business Culture Leisure Society

IMO WILL CONTINUE TO BE A HOSPITALITY STATE – GOV. UZODIMMA

post-image
The Imo State Governor, Distinguished Senator Hope Uzodimma has stated that Imo will continue to be a safe and hospitable place for all law-abiding citizens and guests of the State.
In his address at the inauguration of members of National Youth Service Corps (NYSC) Batch A stream 1 in Imo State, Governor Uzodimma described Ndi Imo as a peace-loving and accommodating people.
He encouraged the Corps members to be free, treat and respect each other as one irrespective of tribe, culture and religion.
He also charged the corp members to continue to promote unity and peace in Imo State and the nation at large.
It is worthy…

Read More
Business Culture Finance News

Best Places to Work certified organisations tend to outperform the market average in terms of driving consistent long-term business performance through high employee engagement

post-image

Ecobank Group (Ecobank.com), the leading pan-African bank, has won the highly coveted Best Place to Work in Africa 2022 Award from the Best Place to Work organisation. The Award honours organisations that exhibit the highest standards of excellence in Human Resources (HR) practices and employees’ experience. Ecobank is the first Pan-African bank to have been awarded the certification.

 

Ade Ayeyemi, Chief Executive Officer, Ecobank Group, said: “At Ecobank, we recognise that our people are our greatest asset. As a pan-African bank, we are intentional in deploying resources to attract, develop and retain the right talent. We actively provide the tools and processes to achieve a performance-driven culture and enabling environment.  Receiving international recognition as being one of the Best Places to Work in Africa is a great honour. It is noteworthy that this Award would not have been possible without the support of my colleague Ecobankers.”

The…

Read More
Business News Technology Technology Trends Telecoms Travels

Africa Data Centres breaks ground on new Sameer facility in Nairobi

post-image

Africa Data Centres (www.AfricaDataCentres.comhas broken ground on its new facility in Nairobi; The new build will expand its existing data centre by up to 15MW of IT load; The facility will be built in the company’s leading-edge modular design.

 

Africa Data Centres, a business of Cassava Technologies, a pan-African technology group, is pleased to announce it has officially broken ground on an additional data centre facility in Nairobi. The new build will see the existing facility on the adjacent piece of land expanded up to an extra 15MW of IT load.

 

ADC’s expansion at the new site will be completed in the first half of 2024 and will bring five times more capacity than is currently installed.

 

“We believe that data centres will play a significant role in digital transformation and economic growth on our continent. Without them, the push towards a digital economy in Africa will be…

Read More
Business Economy Education Investments Technology Technology Trends

Digital Expert Academy Promotes United States – Nigeria Collaboration in Tech

post-image

United States Consul General Will Stevens joined representatives from leading American tech companies, Nigerian technology and business leaders for the official opening of the Digital Expert Academy in Lagos.

 

Founded by 21st Century Technologies, the Digital Expert Academy seeks to create opportunities to train and upskill young Nigerians in artificial intelligence, digital infrastructure, machine learning, cloud services, data science, data center management among other tech fields.

Delivering keynote remarks on the theme “Technology as an Enabler and Tool for Empowerment,” Consul General Will Stevens noted that the U.S. government is committed to supporting programs that provide youth with quality technological learning opportunities. He highlighted the importance of tech skills to Nigeria’s future prosperity and economic competitiveness.

We hope that by developing local talent in tech fields, we help accelerate medium and long-term growth in Nigeria’s and indeed Africa’s digital economy

Consul General Stevens explained that the Biden Administration’s U.S. Strategy…

Read More
Business Culture Featured Technology Technology Trends

Meet Chika Uwazie, The Lady Taking African Blockchain Ecosystem By Storm!

post-image

Good things come in different packages and that is the story of Chika! The Blockchain technology is undoubtedly the future of information technology space, there is a need for Africans to be serious players in this budding but thriving ecosystem.

Cryptocurrency has been here for sometime though yo some it is a   new thing, with nations adopting it for transaction and others making plans for it in future . In Nigeria, a delectable lady is poised and positioned to bring disruption in this ecosystem, known as Chika Uwazie, a United State born serial entrepreneur has shown that Nigerian ladies can do wonders in the blockchain with her new firm called Afropolitian .

Speaking via her social media, she tweeted that “In order for Africa to avoid the same mistakes in previous innovation eras, we need to create our own infrastructure. We have not built our own…

Read More