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 News

Faith Cathedral International Ministries Celebrates a Spirit-Filled Conclusion to Men Convention 2024

post-image

 

On Sunday, November 17th, 2024, Faith Cathedral International Ministries in Egbeda, Lagos, held a moving Thanksgiving service to mark the conclusion of its week-long Men Convention 2024. The event, which brought together men from all walks of life within the church and the surrounding community, was a profound expression of faith, unity, and service to God.

The weeklong convention, which began with a series of spiritual activities and outreach programs, culminated in a powerful Thanksgiving service that resonated with the theme of steadfastness and spiritual responsibility. With the church’s auditorium filled with attendees, the air was thick with gratitude, as the congregation reflected on the transformative messages shared during the week.

Pastor Fred Obetoh, the church’s General Overseer, took to the stage to address the men of the congregation with a heartfelt sermon. In his message, Pastor Fred encouraged the men to remain unwavering in their faith despite the materialistic pressures…

Read More
Autos Business Culture Economy

ROXETTES MOTORS Makes a Strong Impression on Dr. Uche Sampson Ogah, Former Minister, as He Orders BLAZE-X Pick-up on the Spot

post-image

 

ROXETTES MOTORS, a leading innovator in Africa’s automotive sector, has gained further recognition following a visit by Dr. Uche Sampson Ogah, the former Minister for Mines and Steel Development, at his country home in Uturu, Abia State. During this exclusive meeting, Dr. Ogah took the opportunity to test drive the company’s flagship vehicle, the BLAZE-X Pick-up, and was so impressed with its performance and build quality that he immediately placed an order for multiple units.

Dr. Ogah’s decision to order the BLAZE-X on the spot highlights the vehicle’s exceptional design and engineering, reinforcing ROXETTES MOTORS’ commitment to providing high-quality vehicles that not only meet but exceed the expectations of their customers.

“We are deeply honored by Dr. Ogah’s trust in our product and craftsmanship,” said a spokesperson from ROXETTES MOTORS. “His endorsement strengthens our resolve to continue pushing the boundaries of what’s possible…

Read More
Announcements Art Business Culture News Opinion Tourism Travels Trends

Chidinma Vanessa Adetshina: A Journey of Grace, Grit, and Glory

post-image

 

Chidinma Vanessa Adetshina has shown the world what it means to rise above the odds. From her humble beginnings in South Africa’s Miss Universe competition to becoming the first runner-up at the prestigious global event in Mexico, her story is one of resilience, courage, and faith.

When Chidinma first stepped into the spotlight, she faced unexpected criticism. A video meant to showcase her talent instead drew harsh judgment, sparking debates and backlash. Yet, even as voices grew louder against her, she quietly pushed forward, earning a spot in the Top 16. When the pressure became unbearable, she made the brave decision to step away—not out of defeat, but to protect her peace.

Then, fate took an extraordinary turn. Given the chance to represent Nigeria, Chidinma embraced the opportunity despite the storm of petitions and opposition that followed her inclusion. Through it all, she…

Read More
Business Culture Economy Education Environment Government International Opinion Security Tourism Travels

Opinion: Lessons from Rwanda and the Lingering Divide in Nigeria

post-image

 

By Dr. Joseph Ogundu

Rwanda’s journey from the ashes of civil war to a thriving, unified nation is nothing short of remarkable. When the brutal conflict ended, the country’s leaders made a conscious decision to abandon ethnic identities and embrace national consciousness. They prioritized unity and cohesion, ensuring that ethnic differences took a back seat to the greater goal of building a progressive, harmonious nation.

The United States offers a similar lesson in the aftermath of its civil war. American leaders worked tirelessly to reconcile their divisions, fostering a collective national identity. Over time, this effort helped to create one of the most dynamic and tolerant societies in the world, where diversity is celebrated as a strength.

In stark contrast, Nigeria stands as an unfortunate example of what happens when national unity is neglected. After the civil war, instead of fostering reconciliation and unity, Nigerian leaders opted for sloganism over genuine nation-building….

Read More
Business Economy

Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop

post-image

During the recently held African Export-Import Bank (Afreximbank) (www.Afreximbank.com) Intra-African Engineering, Procurement and Construction (EPC) workshop in Lagos participants formalised business deals totalling over US$370 million, a significant step towards empowering African contractors.

 

The deals, signed during the workshop held in Lagos on 28 October, included a US$300-million Global facility agreement to Hassan Allam of Egypt, a US$45-million term sheet to Pavifort Construction of Sierra Leone and a US$25-million term sheet to Afric Cement of Burkina Faso.

Organised to help address the significant gap in Africa’s infrastructure spending, currently standing at over $100 billion annually, which is traditionally awarded to non-African contractors, the workshop brought together key stakeholders to explore transformative solutions to empower African contractors to compete for and secure large-scale projects within the continent.

Addressing the participants, Ayman El-Zoghby, Director, Trade and Corporate Finance Unit in Afreximbank’s Intra-African Trade Bank, said that the Bank was actively…

Read More
Business Economy Investments Technology Trends

Liquid C2 builds on strategic partnership with Cloudflare to introduce enhanced cyber security solutions

post-image

Liquid C2, a business unit of Cassava Technologies has further solidified its strategic partnership with Cloudflare. The latter has appointed Liquid C2 as the first distributor of their new range of cyber security products in South Africa, a testament to Liquid C2 expertise and trustworthiness in the industry. In addition to South Africa, the company will make the solutions available to its partners in Namibia, Zimbabwe and Zambia.

 

Through this partnership, we will enable our channel partner ecosystem through Cloudmania to expand their cyber security solution offering to their customers

With the new offering, Liquid C2 is set to deliver application services that provide security and performance solutions for web applications, network services that secure enterprise networking and zero trust services. The 2023 Cyber Security report from Interpol revealed a 23% year-on-year increase in the average number of weekly cyberattacks per organisation in Africa, underscoring the pressing need for…

Read More
Business Culture Economy

NDPC and Women in Cybersecurity Forge Path for Greater Inclusion in Data Protection

post-image

 

In a groundbreaking step towards fostering collaboration and advancing the cause of data protection, the Nigeria Data Protection Commission (NDPC) welcomed a delegation from Women in Cybersecurity (WiCyS). The delegation, led by WiCyS President Patricia Eromosele, was received by Dr. Tolulope Pius-Fadipe, the Head of Research and Development at NDPC, who represented the National Commissioner/CEO, Dr. Vincent Olatunji, at the event.

The meeting, which took place at the NDPC’s headquarters, marked a momentous occasion in the growing synergy between data protection and women’s empowerment in the tech industry. Patricia Eromosele, speaking with passion and determination, shared an inspiring overview of WiCyS, a global non-governmental organization that has steadily grown to encompass over 10,000 members worldwide. The organization’s primary mission is to address the gender imbalance in cybersecurity and to create more opportunities for women to thrive in this critical field.

Patricia eloquently conveyed WiCyS’s vision of a more inclusive cybersecurity industry,…

Read More
Announcements Business News Opinion Technology Technology Trends

NCC’s New MVNO Licences Could Redefine Nigeria’s Telecom Industry

post-image

 

Nigeria’s telecommunications industry is undergoing a significant transformation as the Nigerian Communications Commission (NCC) licenses 43 Mobile Virtual Network Operators (MVNOs). These operators, unlike Mobile Network Operators (MNOs) such as MTN or Glo, utilize existing infrastructure to provide specialized and often more affordable services tailored to consumer needs.

Importance of MVNOs

MVNOs bring much-needed competition to the telecom market, driving innovation and creating options for personalized service packages. They promote digital inclusion by providing low-cost data plans and targeting underserved communities. By optimizing unused bandwidth from MNOs, they reduce waste and maximize network efficiency.

Advantages for Consumers

  1. Affordable Services: MVNOs often offer more competitive pricing compared to traditional MNOs.
  2. Tailored Solutions: Packages can be customized for specific user groups, such as students…
Read More