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Develop ICT For a Better Economy –Akam

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Richard Emeka Akam, an accountant by profession is the managing director and chief executive officer of Victory Computer Technologies. Akam who has been in the IT Industry for over 15 years, was in 2007 appointed as the coordinator of Data Information Technologies Association of Nigeria (Ditan). In this interview with nkechi david-iwuchukwu, he spoke of his role in the “Arena” and other industry issues.

Ditan
Ditan simply means Data Information Technologies Association of Nigeria. The association came about because we wanted to bring about professional ethics as entrepreneurs who deal on ICT products, goods and services. Ditan as a voice to its members is an avenue to reach out to the people, an avenue to showcase professional expertise to the world, a platform to showcase activities of members and a channel to drive the wheel of progress of the members to the world at large. The association is open to all those who are in the business of buying and selling of ICT and allied products, consultancy of ICT and those who offer professional ICT services to its clientele. When I was appointed the coordinator of the association in 2007, I championed the course of my members to secure shops at the “Arena”, a multi purpose ultra modern shopping complex at Bolade bus stop, along Agege motor road in Lagos. The Arena is a one stop shopping complex with over 3,500 shops. These shops are segmented into different sections to include; Computer and GSM, Electronics and Accessories, Babies, Clothing, Wares, Beverages and Food Stuffs.
Role of Ditan in the Arena
Ditan as a body helped its members to secure shops at the Arena through a mortgage finance bank. In fact what happened was that Bank PHB financed our members for 100 shops. The 100 shops has been fully paid for by the bank but as I am talking to you now, only 51 shops out of the 100 shops have been allocated to our members and the remaining 49 is yet to be allocated to us. My members are not happy about this development, they are not satisfied with the manner in which the allocation was done in piece meal, hence those members that got allocated at the initial stage could not take off because they want all the members to be fully represented at the Arena since it was a collective project.
On The Part Of Bank PHB
Our members are thankful to the bank for their full financial backing in the Arena project but they are not happy with with the management of the Arena, because the interest from the bank is still running even when the allocation has not been completed. However, we are pleading with bank PHB to try and allocate the remaining 49 shops to our members.
On The Part Of The Arena Management
The management of the shopping complex should look into the cost implication of the project on individuals who have to pay back their loans with the interest on it and try to see that people are not ripped off. The initial cost should not be much, because if it is much, some people might not want to continue with the project and this will affect the take off of the shopping complex.

Missions and Visions of The Association
The missions and visions of the association includes; to foster and promote oneness, progress, equality and social justice among its members, and to promote and protect its members collective interest. Also the association will not relent in its effort to galvanize its members to be good ambassadors and to project its good image positively within and  outside the country. Like I mentioned earlier, membership of the association is open to any individual or firm engaged in the buying, selling and distribution of ICT and allied products, ICT consultancy and those who offer professional ICT services to its clientele.
Fake or Substandard Products
In Ditan, we are very transparent in our dealings in terms of products we sell to our numerous customers and the services we offer to them as well. We do not compromise in the quality of goods we sell and the services we render. I can say categorically that we do not indulge in the sales and services of fake or substandard products but generally speaking about fake or substandard products in the country, Standard Organization of Nigeria (SON), has a greater role to play than individuals and associations, because we are aware that there are goods not meant for this country that comes into it.
Quality of Products and Services
Like I said earlier, we do not compromise on the quality of products sold or services rendered because we ensure that our customers get value for their money. I must confess that a lot of big players in the ICT industry are members of Ditan.
Challenges confronting Ditan
Every association face challenges. In Ditan, the association is facing the challenge of finance, because the Arena environment is very conducive and meant for mature business because there are packing spaces for customers and also for members who bring in their containers, as they will off load without harassment from social miscreants popularly known as “area boys”. Also, There is no issue of traffic congestion, and that of street trading because the complex is strategically located.
ICT Growth
ICT industry is presently driven by private individual and there is an urgent need for the government to look inward, as it will fast track the much needed growth in the industry. The government should develop the ICT industry for a better economy, because if they show more concern in the industry like  reducing tariff on ICT products and accessories, so that the cost to final consumers can be reduced. But let us not forget that the ICT revolution has doubled the volume of business transactions in the industry.


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TEDxPAU 2024: Exploring New Possibilities and Shaping Tomorrow

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TEDxPAU 2024 brought together some of the brightest minds and boldest voices on November 16th at the Honeywell Auditorium, Lagos Business School. With over 500 attendees eager to explore new possibilities, the event’s theme, ‘Shaping the Future,’ set the tone for a day filled with inspiration, reflection, and transformative ideas.

The day opened with a TED talk by TED founder Chris Anderson, followed by welcome remarks from the Vice-Chancellor of Pan-Atlantic University, Prof. Enase Okonedo. She encouraged the audience to embrace the theme, saying, “The future is now, and it is up to all of us to join hands to shape tomorrow.”

The sessions featured inspiring talks from visionaries like Akose Enebeli, who emphasized sustainable urban living by “building upwards instead of outwards,” and Goodnews Igwe, who stressed that creating value is key to success.

Temitope Runsewe championed Africa’s family values as a foundation for economic recovery, describing family businesses as “the future of Nigeria.” Prof. Fabian Ajogwu, SAN, advocated for affordable education to drive literacy and digital skills, while Michael Oluwagbemi sparked intrigue with his bold statement that “CNG is the new garri,” promoting energy innovation.

Ziad Maalouf shared leadership insights, underscoring personal growth as the key to scaling success.

Adesuwa Ifedi, Senior Vice President at Heifer International, spoke about the significance of scaling innovation from the inside out, urging organizations to embrace change-driven solutions. Dr. Peter Bamkole, Deputy Vice Chancellor of PAU, described entrepreneurship as “a catalyst for systemic change,” calling for the transformation of problems into solutions with far-reaching impact.

Dr. Cosmas Maduka, who shared his journey from adversity to global success, inspired the audience to embrace their gifts and believe in limitless possibilities.

The event ended with a fireside chat between TEDxPAU organizer Bella Victor and Dr. Maduka, who spoke about the importance of legacy and purpose. He encouraged attendees to see themselves as part of Nigeria’s solution and to embrace both the challenges and triumphs of the country’s journey.

Beyond the talks, TEDxPAU 2024 captivated attendees with musical performances, a spoken word piece, and a high-energy dance performance by different talents from the university.

The event also recognized its sponsors and volunteers, thanking them for their critical role in making the day a success.

In his closing remarks, Bella Victor expressed heartfelt gratitude, stating: “TEDxPAU was founded with the goal of giving back to this incredible school and creating a 360-degree impact—supporting our students, raising awareness for our school, and giving innovators a platform to reach a global audience. It’s inspiring to see how this event has grown and how each of you have played a part in that mission today. I thank our speakers, sponsors, volunteers, and every attendee who believed in this vision. Together, we are shaping the future.”

Attendees also enjoyed networking opportunities during breaks, sponsor exhibitions, and a private lunch for VIP ticket holders, who engaged in deeper conversations with the speakers about shaping tomorrow.

TEDxPAU 2024 once again reaffirmed its commitment to “ideas worth spreading” and left attendees inspired to take action. For recordings of the event and updates on future editions, stay tuned.


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Head of Civil Service Celebrates 100 Days in Office with the Launch of Galaxy Backbone’s “Govmail”

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In a landmark moment for Nigeria’s public service, the Head of Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, OON, MINI, today marked her 100 days in office and officially launched three digital services platforms for the Civil Service.

These include, Govmail, ServiceWise GPT and the Federal Civil Service Online Portal. These platforms, underscore President Bola Ahmed Tinubu’s administration’s commitment to enhancing digital governance and driving innovation across the nation’s Federal Civil Service.

Govmail, an email platform developed and powered by Galaxy Backbone (GBB) is an innovative solution set to enhance communication, boost efficiency, and accelerate Nigeria’s digital transformation journey within the public sector.

Speaking at a meeting where the Govmail Interface was first officially presented and demonstrated to her, the Head of Civil Service expressed her excitement about the platform, stating, “GBB’s Govmail is unbelievably WOW!

This is a game-changer for our nation’s civil service, streamlining communication and creating a secure path to other government digital services. With Govmail, we are truly embracing the future of digital governance.”

Govmail is a secure, Nigeria-centric email platform designed by a team from Galaxy Backbone, exclusively for public service professionals. It ensures that all official communication are seamlessly managed while safeguarding Nigeria’s data sovereignty. The initiative emerged as a key outcome of the Digitalisation War Room, established by Mrs. Walson- Jack, to drive the implementation of cutting-edge digital solutions in government.

Commenting on this milestone, Professor Ibrahim A. Adeyanju, Managing Director/CEO of Galaxy Backbone, shared, “We are immensely proud to have developed this revolutionary platform, ensuring that every Nigerian civil servant has access to a robust and secure communication channel.

Govmail is not just about email—it’s about enabling productivity, efficiency, and sovereignty in governance. Galaxy Backbone remains committed to driving the digital transformation of Nigeria’s public sector.”

The Permanent Secretary, Federal Ministry of Communications, Innovation & Digital Economy, Engr. Faruk Yusuf Yabo emphasized the strategic importance of the Govmail for the nation’s Civil Service stating that “Govmail significantly reduces the government’s reliance on foreign email platforms, cutting costs and addressing licensing challenges. This is a commendable achievement by the Head of Service and the leadership of Galaxy Backbone.”

Through GBB’s dedicated efforts, Govmail will rapidly roll out email accounts to over 70,000 Federal civil servants across Nigeria, ensuring every government professional is equipped with a secure communication platform in record time. This initiative aligns with Nigeria’s goal of leveraging technology to build a digitally driven and globally competitive public service.


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Senate Approves New $2.2Bn External Borrowing for Nigeria

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The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.

Senate Approves New $2.2Bn External Borrowing for Nigeria

The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts at the plenary session on Thursday.

The report was presented by the Sen. Aliyu Wammako, chairman of the Committee.

President Bola Tinubu had on Tuesday, Nov 19, in separate letters to both chambers of the National Assembly, requested approval of a $2.2 billion external borrowing plan to part fund the N9.7 trillion deficit in the 2024 budget .

Senate upon receipt of the request, mandated its committee on local and foreign debts to expeditiously ensure further legislative inputs on the request and report back within 24 hours.

Presenting the committee‘s report, Wammako said the presidential request was very necessary for approval.

He said the loan request would be utilised for execution of ongoing projects and programmes in the 2024 appropriation act , saying that the projects were critical for national growth and development.

“It will contribute to the implementation of the debt management strategy, which seeks to reduce the cost of borrowing.

” It will lengthen maturity of the public debt stock, free – up space in the domestic market for other borrowers, and help increase Nigeria’s external reserves .” Wammako said Nigeria could raise all or part of the 2.2billion dollars through the issuance of Eurobonds in the International Capital Market ( ICM) .

Wammako thereafter is recommended as follows:

“That the Senate do approve the implementation of the new external borrowing of 2.2 billion dollars at the budget exchange rate of one dollars to N800 in the 2024 appropriation act and that the amount should be raised from one or more sources.

“Namely, issuance of eurobonds in the ICM, issuance of debut sovereign Sukuk in the ICM, and bridge, syndicated loans, subject to market conditions.”

The report was thereafter unanimously approved via an affirmative voice vote.

In his remarks after the approval, Senator Jibrin Barau, deputy president of the Senate, who presided plenary, commended the Wammako led committee for a job well done.


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