E-Business
Experts Reiterate Call for Indigenous Software Development

Experts and policy makers in the software sector have called for the country to engage its teeming youth population in IT related field, particularly the software sector so as to create sustainable IT ecosystem in the country
They made this call at the Institute of Software Practitioners of Nigeria (ISPON) 10th annual presidential dinner night, which held at the Prest Cruise WaterFront Hotel, Lekki, Lagos.
The event themed “Having an Inclusive IT Ecosystem”, had Dr. (Mrs.) Omobola Johnson, former Minister of Communication Technology deliver a keynote address.
Dr. Yele Okeremi, President Institute of Software Practitioners of Nigeria (ISPON), while delivering his address, said that the most important ingredient for a successful information technology sector in the country is for us to train and engage our teeming youth population in IT related field, particularly the software sector so as to create sustainable IT ecosystem in the country.
He stated that the ingredient to having viable IT economy is to create sustainable IT Ecosystem using the success of the Silicon Valley as a bench mark.
He explained that a viable ecosystem should be self-sustaining where all participants create some form of value that is consumed by some other members and all players operate in a symbiotic manner.
Giving an insight into how the country could catalyze its IT ecosystem to achieve success and become self-reliant and ultimately be a net contributor to the IT ecosystem of the world, Dr Okeremi said that Nigeria that has a high propensity for technology consumption and a suitable age demographics should borrow a leaf from countries like china that catalyzed their industry on the premises of local consumption.
He explained that we need to deliberately come up with policy to encourage the mantra of producing what we consume and consuming what we produce.
According to him, “For a country like Nigeria that has a high propensity for technology consumption and a suitable age demographics, Nigeria can borrow a leaf from countries like china that catalyzed their industry on the premises of local consumption.
“In other words, the country needs to come up with a deliberate policy to encourage the mantra of producing what it consumes and consume what it produces.
“The ability to achieve this is quite simple by following the money and studying which areas the country consumes the most technology products.
“The country has every right to begin a simple policy of import substitution.
“This will ensure the practitioners in the country are automatically provided domestic market access.
Dr. (Mrs.) Omobola Johnson said that Nigeria is a bright spot for technology industry in Africa.
She noted that funds coming into the country to fund technology firms have doubled astronomically in the last three years, noting that it’s a positive factor for the industry.
Dr. Johnson noted that software development sector will play a very significant role in the development of IT ecosystem.
She called on federal government to enact policies that will make Nigeria a software developer’s hub in the country.
The former minister explained that with the right policies, the country can build army of software developers in the country.
She urged software developers to fashion out a way where there will be off takers to support and build the ecosystem in order to build thousands of developers in the country.
Dr. Johnson decried the capital flight been witnessed now in the sector, where government agencies engage the services of foreign developers at the detriment of local developers, stressing that the money taking out of the country could be used to support more developer, if the these jobs were given to local developers.
E-Business
CAC to Prosecute Business Owners Operating Without Registration

Corporate Affairs Commission (CAC) has reaffirmed its commitment to enforcing business registration laws in Nigeria, warning that individuals and organizations operating unregistered businesses will face prosecution.
In a statement, the CAC emphasized that conducting business without proper registration violates the Companies and Allied Matters Act (CAMA) 2020, undermining transparency and accountability in the corporate sector.
The commission stressed that registration is not only a legal requirement but also a gateway to formal business opportunities, including access to bank loans, government grants, and partnerships.
The enforcement drive will be nationwide, targeting small and medium-sized enterprises (SMEs), online vendors, and informal traders who have failed to comply despite previous awareness campaigns and registration amnesty windows.
The CAC disclosed that enforcement teams, in collaboration with security agencies, will be deployed to identify and prosecute defaulters.
The commission urged business owners to take advantage of its simplified registration platform to regularize their status, noting that compliance will boost investor confidence and improve Nigeria’s ease of doing business. It warned that ignorance of the law will not be accepted as an excuse.
Business owners are advised to act promptly to avoid legal consequences, as the CAC moves to ensure a more structured and regulated business environment in Nigeria.
E-Business
NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

Nigerian Copyright Commission (NCC) has pledged to enforce its legal obligations to combat online intellectual property infringement and urged commercial music users to obtain proper licences from rights holders or their representatives.
The Commission stated that this ensures creators are fairly compensated, supporting the music industry’s sustainable growth.
In a statement commemorating the 2025 World Intellectual Property Day, themed “IP and Music: Feel the Best of IP,” the NCC announced plans to enforce the Copyright Act 2022, which allows for the takedown of infringing materials and blocking of websites hosting illegal content.
Signed by Mrs Ijeoma Egbunike, director of Public Affairs, the statement outlined an aggressive anti-piracy campaign in collaboration with the private sector, targeting the online environment.
Egbunike affirmed the NCC’s commitment to establishing enforceable standards for transparency, digital audits, and real-time royalty reporting to protect creators’ rights. She stated, “The NCC will continue to champion policies that support the growth of the music industry, improve the livelihoods of Nigerian musicians, and foster a culture of creativity and respect for intellectual property.”
Despite the global success of Afrobeats and other Nigerian genres, the NCC noted that many musicians face low royalty returns due to rampant digital piracy.
To address this, the Commission revised its Collective Management Regulations to enhance transparency and accountability among Collective Management Organisations (CMOs).
The NCC emphasised that proper licensing is a legal obligation and vital for Nigeria’s creative economy, stating, “Music must feel the beat of intellectual property for the full potential of creativity to be realised.”
The Commission highlighted that creators’ livelihoods depend on fair royalty compensation.
Recent enforcement measures include the NCC’s designation by the Attorney-General of the Federation as an authority under the Proceeds of Crime (Recovery and Management) Act 2022.
This, combined with the Copyright Act 2022, empowers the NCC to order takedowns and block illegal music distribution websites.
E-Business
FG Warns Nigerians Against Growing Threat of Cyber Slavery in West Africa

The Federal Government, has warned Nigerians against the growing threat of cyber slavery within the West African sub-region.
The Ministry of Foreign Affairs, in a statement issued in Abuja by Kimiebi Imomotimi Ebienfa, acting spokesperson, noted with grave concern the alarming rise of cyber slavery across parts of West Africa, targeting Nigerian citizens, particularly vulnerable youths.
The government said many young Nigerians, including underage teenagers, were lured out of the country under the false promise of lucrative employment opportunities abroad, particularly in crypto-related operations.
According to the government, “In reality, these individuals are trafficked into sophisticated scam operations and enslaved to work in criminal “call centres” — often referred to as “419 cyber-scam factories.” There, they are forced under coercive and inhumane conditions to send thousands of fraudulent emails, text messages, and calls aimed at defrauding victims worldwide.”
The government also noted with dismay, a recent incident where the Economic and Organised Crimes Office (EOCO) in Accra, Ghana, rescued and detained a group of Nigerians forced to engage in cybercrime activities under inhumane conditions.
“This incident highlights the severe exploitation and abuse associated with cybercrime operations. It also underscores the need for enhanced efforts to combat such multibillion-dollar criminal networks and mitigate the susceptibility of victims.
“The Ministry strongly warns all Nigerians, especially the youths and parents, to exercise the utmost caution when presented with job offers, particularly those promising easy money, overseas travel, or remote work involving cryptocurrencies.
“Nigerians are therefore advised to verify all employment offers through official channels and report suspicious cases to relevant authorities for necessary investigation and action to curtail the activities of the perpetrators.
“The Ministry wishes to assure the general public that, as a precautionary measure to address this unfortunate situation, the Federal Government is working closely with regional partners, law enforcement agencies, and international organizations to tackle this heinous crime, rescue victims, and bring perpetrators to justice.
“The Ministry remains committed to protecting Nigerian citizens at home and abroad and will continue to raise awareness about emerging threats to the welfare and dignity of our people,” the statement read.
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