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Stakeholders Reiterate Need For Development of Local Content in the Financial Sector

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L-R: Representative of DG, NITDA, Dr Dan Ibrahim Azumi, DG, National Office for Technology Acquisition and Promotion (NOTAP), Prof. Gloria Elemo, Director General, Federal Institute of Industrial Research (FIIRO) and Udukheli Izebuno, Business Director, Government, CWG PLC at the ongoing stakeholder’s roundtable on the use of Nigerian software in the financial sector holding in Lagos
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Stakeholders in the Information and Communications Technology (ICT) have reiterated the need for the use of Nigerian software in the financial sector.

 

They made this call at the ongoing stakeholder’s roundtable on the use of Nigerian software in the financial sector, with the theme:”Adoption and Development of Local Content Technology as Growth Driver for the Nigerian Economy”, holding in Lagos.

 

Dr Dan Ibrahim Azumi, DG, National Office for Technology Acquisition and Promotion (NOTAP) While speaking at the event said that their objective is to promote awareness for the development and utilization of local Technology Solutions in various sectors of the Nigerian economy.

 

According to him, “our objectives are to promote awareness for the development and utilization of local Technology Solutions in various sectors of the Nigerian economy, to discuss the challenges confronting the local Technology Solution Providers, identify specific areas where NOTAP and NITDA can intervene to create an enabling environment to enhance local vendorship.

 

“And also to identify companies with high demand for software Solutions developed in Nigeria, provide a platform for linking local software suppliers to end-users as an avenue to create  and generate employment , income  and wealth  in Nigeria.”

 

He decried the huge sums of money being remitted out of the country without the foreign ICT owners assisting local partners to develop its knowledge base, capacity and intelligence as required by the terms of the agreement entered into.

 

He urged Nigerians not to be under any illusion that foreign firms are here for the development of our country, stressing that we need to be strategic to leverage on the available foreign technologies to ensure inclusive and sustainable growth of our country.

 

Speaking earlier, Dr Ogbonnaya Onu, Minister of Science and Technology, said that the Federal Government of Nigeria is emphasising on local participation in the execution of government contracts so as improve local content in national socio-economic development.

 

Dr Onu, who was represented by Prof. Gloria Elemo, Director General, Federal Institute of Industrial Research (FIIRO) said that the Economic Recovery and Growth Plan (ERGP) of the Federal Government of Nigeria led by President Muhammad Buhari is an developmental initiative focused on restoring growth, investing in people and building a globally competitive economy.

 

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

 

According to him, “Mr President directed all MDAs of government to engage indigenous professionals in the planning, design and execution of national security projects with the intention to maximising the in-country capacity and capability in all contracts and transactions with SET components, utilizing 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.

 

Director-General of NITDA, Dr Isa Pantami, who was represented by Dr Chris Okeke said the country saved N13 billion from 2018 up till now due to the ban of foreign techs and the use of local contents. The amount is up from the N5 billion previously recorded.

 

He said the policy was boosting ICT, the economy, the gross domestic product and helping diversity in revenue generation. He also said about 95 per cent of government websites are now hosted locally.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Fines: Meta Threatens to Shut Down Facebook, Instagram in Nigeria

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Meta may shut down its Facebook and Instagram services in Nigeria in protest against the substantial fines imposed by multiple government agencies.

Fines: Meta Threatens to Shut Down Facebook, Instagram in Nigeria

The tech giant has been ordered to pay nearly $300 million in fines in Africa’s most populous nation, following regulatory demands which Meta described as “unrealistic.”

In July 2024, the Federal Competition and Consumer Protection Commission (FCCPC), imposed a $220 million fine on Meta for allegedly discriminatory and exploitative practices against Nigerian consumers.

The commission stated that Meta had failed to engage a Data Protection Compliance Organisation and had not submitted a Nigeria Data Protection Regulation audit report for two consecutive years.

Similarly, the Advertising Regulatory Council of Nigeria (ARCON), demanded $37.5 million over unapproved advertising, while the Nigerian Data Protection Commission (NDPC), announced a $32.8 million fine for an alleged data privacy breach.

Meta challenged the decisions at the Federal High Court in Abuja but was unsuccessful, as the court upheld the fines in a ruling delivered last week.

The court directed the company to comply with payment by the end of June, but Meta has indicated it may not do so, according to the BBC.

“The applicant may be forced to effectively shut down the Facebook and Instagram services in Nigeria in order to mitigate the risk of enforcement measures,” the company stated in court documents.

Responding to the NDPC’s assertion that Meta’s data processing could expose Nigerian users to health and financial risks, the company said the agency had failed to “properly interpret the laws guiding data privacy.”

 

 

 

 

 

 

 

 


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Premier League Fever Builds as MTN Nigeria Stages Dual-City Watch Parties This Weekend

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As the Premier League season enters its final stretch, MTN Nigeria is set to stage simultaneous watch parties in Abuja and Uyo on Sunday, May 4, giving football fans a shared space to experience the highs and lows of matchday.

The events, scheduled for Farm City in Wuse and Pyramid Lounge & Grill in Uyo, are expected to attract large turnouts as MTN continues to deepen its connection with football audiences nationwide.

The line-up for the day includes four Premier League fixtures, culminating in a marquee showdown between Chelsea and Liverpool. Earlier games such as Brentford vs Manchester United, Brighton vs Newcastle, and West Ham vs Tottenham will round out a packed viewing schedule. With top four ambitions, title races, and European dreams on the line, the fixtures promise high-stakes drama and entertainment.

MTN’s EPL watch parties have grown into a recurring highlight for fans who want more than just a screen, they want atmosphere. This weekend’s events will feature expansive screen setups, branded fan zones, and side attractions including live trivia and merchandise giveaways.

For MTN, the activations represent an opportunity to tap into the communal spirit of football, a sport that unites Nigerians across regions and loyalties. The brand’s involvement in football has steadily evolved from sponsorship to full-scale experiences, allowing it to build affinity with youth audiences and sports lovers alike.

In recent years, MTN has emerged as a key driver of fan engagement through its partnership with SuperSport and broader investment in Nigeria’s football ecosystem. These dual-city events reflect that strategy in motion, bringing the Premier League closer to the streets and ensuring fans are not just spectators, but participants in the global game.

With anticipation running high and bragging rights on the line, Sunday’s watch parties are shaping up to be a celebration of sport, identity, and the power of community on and off the pitch.


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 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

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 Gbenga Adebayo, chairman of ALTON,
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Telecommunications services disrupted in Kogi State have resumed following a resolution of the dispute between MTN Nigeria and the state government, the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said.

 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

Gbenga Adebayo, chairman of ALTON, told TVC News that the issues that led to the shutdown of telecom masts in the state, primarily affecting MTN, had been addressed, paving the way for service restoration.

TVC News earlier reported that businessmen and women were counting their losses as they suffered the impact of a shut down of telecommunication service in Kogi State

Over the past two weeks, telecoms connectivity had been erratic, with competing brands experiencing glitches, particularly in the Lokoja metropolis.

The State government suspended the operations of some telecom services citing unpaid taxes and fibre-related dues.

The shutdown stemmed from a compliance dispute between MTN and the Kogi State Utility Infrastructure Management and Compliance Agency, which accused the telecom giant of violating operational rules and under-declaring the extent of its optic fibre network coverage in the state.

 


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