Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

E-Business

Minister of Science and Tech Calls for Implementation of EO5

Published

on

Dr. Ogbonnaya Onu, minister of Science and Technology
Kindly share this post

Dr Ogbonnaya Onu, minister of Science and Technology, has harped on the need to implement the Presidential Executive Order 5 (EO5).

 

Onu made the call on Monday in Lagos, during the Stakeholders’ Roundtable on the use of Nigerian software in the financial and banking sub-sector of the economy.

 

The roundtable was jointly organised by the Nigerian Information Technology Development Agency (NITDA), National Office for Technology Acquisition and Promotion (NOTAP) and the Computer Warehouse Group (CWG).

 

He said that there was the need to implement the EO5, so as to improve local content in software applications in the country.

 

The Minister, represented by Prof. Gloria Elemo, director-general of the Federal Institute of Industrial Research Oshodi (FIIRO), spoke on the theme: “Adoption and Development of Local Content Technology as Growth Driver for the Nigerian Economy”.

 

Onu said that the Federal Government was emphasising on local participation in the execution of government contracts, thereby improving local content in national socio-economic development.

 

According to him, the Presidential Executive Orders series started in May 2017 with Numbers E01, E02; E03 and subsequently EO4, EO5 etc.

 

“The Executive Orders are with the resolve to reform the administrative and regulatory environment for both private and public sector players.

 

“Specifically, Executive Order No. 5 was signed by Mr President on February 2, 2018, with focus on the development of local content in Science, Engineering and Technology (SET).

 

“Mr President directed all MDAs of government to engage indigenous professionals in the planning, design and execution of national security projects.

 

“This is with the intention to maximising the in-country capacity and capability in all contracts and transactions with SET components, utilising Nigeria human and material resources in the planning and execution of Nigerian projects.

 

“The Order directed that all procurement entities of the FGN shall give preference to Nigerian companies in the award of contracts for major projects in SET and where local expertise is not available, Nigerian company shall enter into consortium with relevant foreign firms,” he said.

 

Onu said that specifically, NOTAP played an important role in the implementation of the order.

 

The minister said that NOTAP had been managing the consortium of firms that must be registered, in compliance with NOTAP Act 2004.

 

He said that NOTAP had been developing, maintaining and regularly updating the database of Nigerians with expertise in SET and other fields.

 

According to him, the agency consults with the relevant professional associations/bodies in SET and other fields, including Nigerians in Diaspora organisations.

 

“Currently, NOTAP is compiling the database of Nigerian experts in SET and other fields through access to a register of government-approved professional bodies and associations in the country and in the diaspora.

 

“I implore you all to register with NOTAP through your respective professional bodies so as to be recognised as professionals in your chosen fields, eligible and accredited to participate in the nation building.

 

“Remember that we have no other country to be called our own than Nigeria and it is the resultant of our collective efforts that can make our country great and an investment destination by the international investors.

 

“I will give my support to achieve the lofty objectives of the Executive Order Number 5 of Mr President in this endeavour.

 

“I am confident that it would be beneficial to our country, generate wealth, stimulate inclusive growths in the domestic economy and reduce unemployment level,” he said.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

BPP Partners NDPC to Strengthen Data Protection

Published

on

Kindly share this post

Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.

BPP Partners NDPC to Strengthen Data Protection

He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).

Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.

He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.

“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.

Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.

He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.

“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.

He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.

According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.

Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.

He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).

“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.

Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.

He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.

Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.

Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.

 

 


Kindly share this post
Continue Reading

E-Business

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

Published

on

Kindly share this post

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


Kindly share this post
Continue Reading

E-Business

African Startups Raised $345m in Funding in May

Published

on

Kindly share this post

African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.

The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.

It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.

“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.

“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.

Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.

Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.

“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.

From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.

Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.

In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.

 


Kindly share this post
Continue Reading

Trending