E-Business
Why NITDA Should Consider Partnering with B2B e-commerce Companies
By Lere Ojedokun
The National Information Technology Development Agency (NITDA) in the pursuit of its vast mandates that focus on fostering the development and growth of Information Technology (IT) in Nigeria has different activities running to proactively facilitate the development of the nation into a sustainable digital economy.
The agency, which acknowledges that the information and communication sector is growing and creating thousands of new jobs every year and providing opportunities for development, has an all-inclusive ICT capacity building intervention for different segments including executives, People With Disabilities (PWD), women, even as children are not left out in the digital literacy plan. In September, over 300 children were graduated by NITDA from the STEM Bootcamp for children in Lagos.
Director General of NITDA, Mallam Kashifu Inuwa Abdullahi at the graduation ceremony, said the programme was aimed at bridging the gap that currently exists in the educational sector, adding that it resonates deeply with the ongoing efforts toward implementing the National Digital economy policy for digital Nigeria.
Moreover, during the Nigeria Computer Society (NCS) courtesy call on NITDA’s DG, where the society presented a ‘Proud Ambassador’ award to the DG for his outstanding leadership, the DG assured that NITDA has an ambitious target of making Nigeria a start-up nation and to train one million programmers between now and next year to achieve 95 per cent digital literacy in Nigeria by the year 2030.
He was quoted to have said. “We believe we cannot succeed in isolation. That is why we collaborate with organisations like yours.”
Meanwhile, as NITDA’s numerous works are commendable, it will be suggested the agency looks more in the way of partnering e-commerce firms with existing presence in some underserved areas especially in the South West region, to deepen its efforts and fasten the realisation of the 95 per cent digital literacy goal in Nigeria by the year 2030.
These e-commerce firms contribute immensely in human capital development. For example, Alerzo, a business to business (B2B) firm, founded in Ibadan, Oyo State in 2019 and has spread across the nation, has invested heavily in its over 150,000 informal retailers as part of its efforts in driving the nation’s digital economy.
At a recent media parley, Alerzo’s Group CEO, Adewale Opaleye, stressed the need for partnership, while saying that the firm embraces technology to solve the challenges informal retailers face.
He did mention that the firm developed its entire infrastructure from the scratch, including its over 40 warehouses and over 400 vehicles for fast and timely delivery.
Opaleye said Alerzo has foot soldiers who through the infrastructures created go from shop to shop teaching informal retailers how to download apps, register on the apps, know what to click, how to select products, how to check out and operate the Veedez bookkeeping app. Adding that as an organisation, Alerzo delights in helping informal retailers adopt digital innovations in operating profitable businesses even as they are equipped with skills of the future.
Recalling, Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim while recently applauding consistent growth in ICT contributions to the Nation’s Gross Domestic Product (GDP), which hit 17.92 per cent in the last quarter of 2020 and in the first quarter of 2021, assured of the Federal Government’s commitment to the development of a robust digital economy.
However, as the government invests in ICT and pushes for less dependency on oil to boost the economy of Nigeria, there is hope that the collaboration of NITDA, Alerzo and other e-commerce firms particularly in the South West will further impact on the socio-economic development of the region and by extension the nation and continent.
Ojedokun, a development and policy advocate, contributes this piece from Lagos.
Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding with Mastercard to enhance data protection in Nigeria.
Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
The agreement was sealed during a workshop where 150 Data Protection Officers (DPOs) were trained on Data Protection Impact Assessments (DPIAs).
Dr. Vincent Olatunji, commissioner, NDPC, said the event kicks off activities for the 8th NADPA conference, highlighting government efforts to train more certified DPOs.
Olatunji also disclosed the Federal Government’s commitment to increasing the number of certified DPOs with the required skills to manage data protection.
He noted that Nigeria’s digital-savvy youth are key to driving this agenda.
“Human capital is really key to us, and the ecosystem we are regulating is very special. It is still new, still emerging, and we need all we can to build the capacity of officers.
“We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.
“We are targeting to build the capacity of 250,000 DPOs annually, and we are working with partners like Mastercard to achieve that,” he said.
Derek Ho,deputy chief privacy officer, Mastercard, also stressed the need for collaboration to build trust in the digital economy and urged participants to embrace training as data protection keeps evolving.
Central Securities Clearing System PLC (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025.
The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users.
Also, this service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service.
As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms.
Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, managing director/chief executive officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.
“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon.
This innovative service offers investors streamlined and secure access to critical market information at their fingertips.
Aisha Umar Mumuni, chief digital officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.
“By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency,” she said.
CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.
This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.
The need to maximise local digital assets, amid dwindling Oil revenues and a struggling economy, has been reiterated by the Chief Executive Officer of Quomodo Systems Africa, Oluwole Asalu, who maintained this measure remains the path to prosperity.
Asalu, while addressing the press in Lagos, recently asserted that global shift towards digital economies, presents a pivotal opportunity for Nigeria at this time to mobilise sufficient resources towards effective governance.
He emphasised harnessing the burgeoning local digital economy to expedite national diversification goals, while break away from overdependence on oil output.
Asalu, boasted further that Nigeria’s tech-savvy, youthful population and increasing recognition from global tech giants already position its digital sector as a driver of inclusive growth and job creation.
“Nigeria’s overreliance on oil is no longer tenable. As global markets shift towards renewable energy, the urgency to diversify has never been greater. Technology stands out as the most promising avenue, not merely as a sector, but as an enabler of growth across all facets of the economy,” he explained.
According to him, Nigeria’s tech talent remains the new oil, a renewable resource with the potential for significant returns, if strategically harnessed.
Like India’s successes in information technology services, Asalu want Nigeria to tap into lucrative outsourcing industry to draw foreign investment.
“Foreign investment in Nigeria’s tech sector is rising. Programmes like Digital Explorers have led European firms such as Telesoft to establish operations in Nigeria. Tech giants like Microsoft and Facebook have followed suit, injecting capital and creating jobs,” he stated.
He again pointed to the emergence of three unicorns within Nigeria’s tech ecosystem as a breakthrough and sign of maturity.
“Nigeria’s tech ecosystem is already showing signs of maturity, with three unicorns emerging from its soil. These success stories, powered by local innovation, underscore the viability of a home-grown, world-class tech sector,” he affirmed.
He however emphasized urgent need to close existing gap in skills and infrastructure, in addition to embracing governance and collaboration to fully harness digital potential cum future.
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