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Pantami says Digital Innovation and Entrepreneurship Centre will Fast-track the Implementation of Start-up Bill

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Prof. Isa Ali Pantami, the Minister of Communications and Digital Economy, has expressed optimism that the National Digital Innovation and Entrepreneurship Centre once completed would fast-track the implementation of the Nigeria Start-up Bill, as he described the ongoing construction project as satisfactorily on course.

Prof. Pantami made this known after an-on-spot inspection of the site.

While noting that the project which is being executed by the National Information Technology Development Agency (NITDA) under the supervision of the Federal Ministry of Communications and Digital Economy is the hallmark of remarkable partnership between the visionary administration of President Muhammadu Buhari and a wholly indigenous yet forward looking company – Cosgrove Investment Limited, the Minister averred that the Centre which sits on 1,596sqm of built-up space within the FCT City Centre and comprises of two towers connected across one floor will be the hub for incubating and executing NITDA’s mandate.

“I have visited most of the floors of the National Digital Innovation and Entrepreneurship Centre; there are two buildings that are interconnected, one of them will serve as the actual National Digital Innovation and Entrepreneurship Centre as approved by the Federal Executive Council (FEC) after my presentation at the 11th of November, 2020 while the second one will serve as the Headquarters of the National Information Technology Development Agency to manage the other centre”.

“I’m very comfortable with what I have seen here and I came to the facility because it is our responsibility to ensure that any approval by FEC under our supervision is being implemented according to agreement.

“I can confirm to you that all the specifications of the project are in alignment with what the Council had approved twice, in November, 2020 and April, 202”, Pantami assured.

The Minister who was accompanied by the Director-General of NITDA, Kashifu Inuwa CCIE during the inspection at different times engaged the engineers on site and company officials in talks relating to the execution, as he commended the DG, Board and management of NITDA for the progress achieved with emphasis on the quality of the job done so far.

Pantami who later briefed journalists on the Pros and Cons of the facility, informed the press that Twelve Billion Naira (12BN) inclusive of VAT and other taxes is the total sum allotted to the project.

“The project was first approved in Nov, 2020 at the price of around 9.56BN and the augmentation which is an extension of the project was approved in April 2021 with additional N2.5B”.

“To be honest, I applaud the judicious way and manner NITDA has been handling the execution of the task, because if it were another institution, the total sum would have been double of it before it would have been executed”, Pantami maintained.

Although the completion date as approved by FEC is thirty-six months, spanning from November 2020 to 2023, Prof. Pantami however said haven taken into cognisance the fact that it is a legacy project of the present administration, the ministry was able to engage the project managers and contractors to speed up the completion timeline in order ensure that Mr President Inaugurates it before the expiration of his tenure.

The Communications and Digital Economy Boss took time to elucidate the benefits of the centre which he said was an idea he conceptualized when he was the Director-General of the National Information Technology Development Agency NITDA and is pleased to see it gradually coming to a reality.

He highlighted the fact that the building will play a significant role in implementing the Nigeria Start-up Bill which was recently passed by the National Assembly and assented to by President Muhammadu Buhari.

“The floors of the building will be dedicated to trainings, particularly hands-on-training, which will enable our young innovators to harness their skills and hatch their ideas from conception to impact”.

“This is going to be the centre where we will coordinate the issue of tax holiday for the innovators, pioneer status, intellectual property among many other benefits.

“More so, we are looking at consolidating on the diversification drive of the Federal Government; by implication, the regulator of Information Technology (IT) has a critical role towards the consolidation of the economic diversification that we have unarguably attained”, Pantami stressed.

NITDA Kashifu Inuwa CCIE, the Director-General of  who was full of appreciation to the Minister of Communications and Digital Economy, Prof Isa Ali Pantami for his leadership and support to the Agency from inception of the project, getting approvals to where it is, recalled that the project was conceptualized in 2020 to strengthen the Abuja ecosystem.

Inuwa said the edifice will draw in start-ups, investors, multinationals, and government to be in the one space where discussions to move the digital economy forward will be sustained.

“We are hoping to finish this project within two years. Though it is not am easy task but we are working day and night to ensure we meet the expected quality and early delivery of the facility by March 2023 as partial completion will not be accepted”, Inuwa noted.

The DG also expressed gratitude to the Minister for okaying the involvement of an indigenous company in executing the job.

The 4,000 sqm plot for the Entrepreneurship and Digital Innovation Centre, located at plot 1409, CBD Cadastral zone sits the 2-tower edifice; an office complex and a mixed-use building going up to seven and eight suspended floors, respectively

The two towers are linked at all levels, for an overall area of 1,500 sqm and a total of 9 levels (from basement to roof terraces is to be the digital and innovation hub for the National Information Technology Development Agency (NITDA)

The building accommodates offices and meeting rooms (front tower), parking, auditorium, server rooms, a fab-lab and studio apartments (back tower)

The offices are designed for 9 departments and can accommodate over 360 staff

It is hoped that the ICT sector which as reported by the National Bureau of Statistics (NBS), played a pivotal role in lifting the Nigerian economy out of recession, recording the highest growth rate in the 4 Quarter of 2020 (14.70%),  and recorded 15.9% growth in the telecommunications sub-sector (the highest growth rate over the last decade) as well as unprecedented generation of over N1Trillion revenue in less than 2 years by the Ministry and its parastatals will be continue to grow exponentially especially as the centre upon completion is expected to offer increased digital trainings to Nigerians.


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Asein, DG NCC Seeks IP Policy for Every University

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Dr. John O. Asein, the Director-General, Nigerian Copyright Commission (NCC) has again stressed the need for every University to have an Intellectual Property (IP) Policy so as to maximize their innovative and creative potentials.

Dr. Asein made this point while formally presenting the revised Model Intellectual Property (IP) Policy to the General Assembly of the Committee of Vice Chancellors of Nigerian Universities (CVCNU) in Abuja on 30th October 2024.

According to him, the Model Policy, which was developed by the Commission in collaboration with the CVCNU in 2021 was reissued as part of the Commission’s renewed effort to promote its adoption and implementation.

The Director-General thanked the immediate past Secretary General of CVCNU Prof. Yakubu Ochefu for supporting the initiative and working with the Commission to promote the sustainable use and effective management of IP in Nigerian universities.

Dr. Asein also called on tertiary institutions, as centres of learning and research, to introduce their faculties and students to the subject of intellectual property in line with global trends and to make Nigerian universities globally competitive.

To this end he assured Vice-Chancellors of the Commission’s readiness to help in the development and implementation of their policy.

“The Commission will work with other agencies, including the World Intellectual Property Organization (WIPO) to begin the intellectual property ranking of universities and celebrate those that excel in the respect, generation, use and commercilaisation of IP”, the Director-General assured.

Speaking on the WIPO Distance Learning (DL) courses on IP, the Director-General urged universities to infuse the WIPO DL 101 course, which is available online for free, into the General Studies course to give students basic knowledge of IP and equip them in their respective courses of study.

Receiving the copies on behalf of Nigerian Vice-Chcnellors, the Chairman CVCNU, Prof. Lilian Salami (Vice-Chancellor, University of Benin) commended the collaborative efforts of the Commission and AVCNU in developing the Model IP Policy and assured the Director-General of CVCNU’s continued commitment to working with the Commission, particularly in promoting better IP culture in universities.

The Model IP Policy was developed with the help of a team of Nigerian experts and with the support of the Nigerian University Commission (NUC), the World Intellectual Property Organization (WIPO) and the National Office of Technology Acquisition and Promotion (NOTAP).


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Court Orders Arrest of Echefu, Businessman over Alleged $651,280 Fraud

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A Chief Magistrate Court sitting in Bwari area council, Abuja has ordered the arrest of Dr Bright Echefu, chief executive of Briech Intelligence Fusion Limited, a security company, over an allegation of $651, 280 fraud.

Court Orders Arrest of Echefu, Businessman over Alleged $651,280 Fraud

Echefu is said to have allegedly defrauded BCG NEEDS Company of the said amount under the pretence of supplying drones and accessories.

The court ordered Disu Olatunji, commissioner of Police, federal capital territory (FCT) to arrest Echefu and his company.

Echefu is also the managing director and chief executive officer of Telecom Satellite Television, according to Leadership Newspaper.

The Economic and Financial Crimes Commission (EFCC) had earlier arraigned the businessman at the federal high court over allegations of tax evasion, money laundering, and advanced fee fraud.

Okechikwu John Akweke, presiding judge, ordered Echefu’s arrest after the motion was moved by John Paul Eze Esq. of O. J. Law Consult.

Akweke said the order is to compel Echefu and his company appearances before the court in line with Section 113 of the Administration of Criminal Justice Act 2015.


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NACCIMA Warns Against Arbitrary Taxation on Businesses

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The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has expressed concerns over the long-term implications of arbitrary taxation on businesses and the nation’s economy.

Dele Oye, President, NACCIMA, speaking at the 45th Trade Fair hosted by the Kano Chamber of Commerce, Industry, Mines, and Agriculture,  emphasised that high taxes hinder innovation, stifle investment, and pose a threat to the sustainability of enterprises.

He said, “As Margaret Thatcher warned, we should be wary of high taxes. High taxation restricts the power of the people while giving more authority to the government.

As we strive for economic prosperity, I must also draw attention to the issue of arbitrary taxation. I urge all levels of government in Nigeria, especially state and local governments, to consider the long-term implications of high taxation on businesses.

“High tax burdens can stifle innovation, deter investment, and threaten enterprises critical to our economic growth. Let us work collaboratively to create a business-friendly environment that encourages entrepreneurship and fosters economic development.”

Meanwhile, called for a review of sections of the 2024 Tax Bill, citing provisions that negatively impact businesses, particularly those operating within free trade zones, and therefore urged the Federal Government to adopt a more collaborative and long-term approach to taxation policies so as not to destabilize critical sectors of the economy.

While speaking on free trade zones, Oye appealed to the President to consider advice from the genuine private sector and organised private sector in Nigeria, urging to always hold stakeholder forums before implementing major economic policies.

“In this regard, we appeal to reconsider and withdraw the approval of the memorandum dated October 20, 2024, authored by the FIRS Chairman. This memorandum inadvertently overlooked the legal basis for the incentives on free trade zones granted by President Obasanjo in 2002, predicated on Section 23(s) of the 2007 CITA.

“We urgently call upon the Federal Government of Nigeria to take the following actions: Expunge Sections 60, 198(2), and 198(3) from the bill; exclude free zone enterprises from the scope of Section 57 of the bill, and delete the current Second Schedule of the bill in its entirety, which was inserted into the tax bill 2024.”

Speaking on the theme of the event, “Non-Oil Export for Economic Prosperity,” the NACCIMA president said it resonated deeply with the collective aspiration for sustainable economic growth.

“The future of our economy undeniably lies in the diversification of our exports, and we must rally together towards this goal.

“The government must take deliberate and proactive steps to create market access for non-oil exports by implementing strategic policies and programs that connect local producers to global markets. Establishing trade offices in key export destinations can promote Nigerian products and facilitate business linkages.

“Through strategic partnerships with international trade organizations, we can secure preferential trade agreements that grant Nigerian products a competitive edge.

“Moreover, government-led initiatives like trade missions and export-focused road shows can showcase the quality and diversity of Nigerian goods while building networks with foreign buyers. By leveraging diplomatic channels, we can address barriers such as restrictive trade policies, unfair tariffs, and logistical challenges that hinder market penetration.”

He further added that the government could offer incentives for banks to lend more to export-oriented enterprises, fostering growth and enabling businesses to compete effectively in international markets.

He added, “These financial supports can assist local businesses in scaling their operations to meet global demands.

“To enhance the competitiveness of our exports, it is crucial that our exporters obtain international certifications, such as HACCP, ISO, and FDA. The government should provide training and support businesses in acquiring these certifications.

“Furthermore, enhancing quality control measures at ports of exit will ensure that Nigerian products not only meet global standards but also ensure consumer safety and satisfaction.”


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