President Buhari At eNigeria Affirms Nigeria’s Commitment To Grow Economy Using ICT.

President Muhammadu Buhari has affirmed the continuous commitment and strong belief of the government in using ICT as a major driver of developmental governance and economic reform plans aimed at bringing about “the true change his party had promised the people.

“ICT is strategic in driving productivity and efficiency in all sectors of the economy. Currently, almost all sectors of our economy leverage on ICT to increase efficiency, productivity and performance,” said the president at  the opening ceremony of the 2017 e-Nigeria Conference, organised by the National Information Technology Development Agency (NITDA), The three day conference with a major theme on promoting local content kicked off, yesterday, in Abuja.

Government believes that ICT is fundamental to building a new economy outside of crude oil export, said the president to an audience that include members of his government, policy makers, and ICT stakeholders.

His words: “As the most populous country in Africa, there are huge opportunities for ICT manufacturing in Nigeria. This, when harnessed, will provide job opportunities for our teaming youths, enhance the quality of  locally produced infrastructure, reduce cost of acquisition and  increase government revenue.”

The  president also expressed satisfaction with the steady growth of ICT and noted that the sector was increasingly gaining grounds as a major contributor to the country’s GDP.

“The sector has recorded huge investments and contributes over 10% of the nation’s Gross Domestic Product (GDP) and we are making conscious efforts to see that this contribution continues to grow in the next few years.

But Buhari expressed worries that the country’s indigenous entrepreneurship landscape was being left out of the growth.  Robust expansion in the ICT sector has only further the nation’s sense of dependency on foreign skills and products. Government, he said, owes it a duty to promote local content and local patronage of indigenous enterprises with strong home-based manufacturing footprints.  He called on all stakeholders to join government in realizing this goal.

“About 80% of ICT hardware purchases are imported through local distributors of Original Equipment Manufacturers (OEMs) by MDAs and other government establishments. This makes it difficult for us to benefit from the dividends of continuous procurement and consumption of ICT infrastructure and limited value retention within the country.

“There is, therefore, the need for deliberate efforts, both from government as well as the private sector to see to the realisation of this. I urge you to come up with viable recommendations on how we can make the country an export hub for ICT hardware in Africa.

“We have done a lot to transform our government especially in the areas of strategy, policies and digital infrastructure investments.

However, he commended the NITDA for its aggressive push at implementing government’s thrust and executive orders on promoting local content in ICT. His words: “We commend NITDA’s efforts on fostering the patronage of indigenous IT products and services through continuous engagement with indigenous OEMs, relevant stakeholders and other laudable initiatives.”

Gains on Treasury Single Account

“You may recall that on assumption of office, we enforced the policy on Treasury Single Account (TSA). Today, we are all witnesses to the impact it has made on our financial management.

 

“We have so far consolidated over 20,000 accounts, resulting into about N4.7 billion monthly savings. In addition the policy facilitated transparency, accountability and ease of transactions and payments between Government and businesses as well as Government and citizens.

Gains on the Integrated Payroll and Personnel Information System

”Another initiative leveraging on ICT and making huge impact on the economy is the introduction of the Integrated Payroll and Personnel Information System (IPPIS) and Bank Verification Number (BVN). Its implementation has helped to eliminate the menace of ghost workers thereby reducing waste in the system by saving government over N20 billion monthly.

Commending NITDA

“This administration recently issued an Executive Order mandating all ministries, departments and agencies to give preference to locally manufactured goods and services in their procurement of information technology services.

“Such measures are part of the deliberate efforts at encouraging local manufacture of ICT infrastructure, creating job opportunities, providing investment opportunities as well as strengthening our currency.  We commend NITDA’s efforts on fostering the patronage of indigenous IT products and services through continuous engagement with indigenous OEMs, relevant stakeholders and other laudable initiatives.

“ICT plays a pivotal role with agencies of government such as the Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS) and the Nigeria Immigration Service (NIS) which have leaned on ICT in improving public service delivery in an efficient and transparent manner. So far, 31 reforms have been completed by the Council and these reforms are already making noticeable impact on our economic diversification efforts.

“The Agency’s efforts at enforcing Federal Government’s directive on ensuring that all ICT projects in the country are cleared by it before implementation are highly commendable. These efforts will ensure that government’s ICT procurements are transparent,      they are aligned with government’s IT shared vision and policy, save costs through promotion of shared services, avoid duplication, ensure compatibility of IT systems thereby improving efficiency across government and enforce the patronage of indigenous companies.

“In this respect, I hope this conference will come up with practical, viable solutions and recommendations to further develop local content in ICT as well as how we can best regulate the deployment and use of ICT systems to foster a digital economy in Nigeria.

“As I declare this Conference open, I thank you very much for your attention and wish you fruitful deliberations in the course of the Conference. I look forward to studying conference conclusions and recommendations.”

ITEdgeNews

Local Content Technology Fair and Round-table 2017

The event, co-sponsored by FinTrak Software, was held on the 26th of October 2017 in Abuja FCT. It was hosted by the Federal Ministry of Communications, National Information Technology Development Agency (NITDA), Office for Nigerian Content in Information & Communication Technology and the ICT Local Content Association (ICTLOCA).

The Round-table had in attendance many distinguished dignitaries, Heads of ministries, parastatals, agencies, guest as well as stakeholders from the private sector. The Round-table session was conceived by the Council of ICT Heads in MDAs in partnership with Tech Law Development services in the furtherance of the implementation of the Executive order Number 003 on Support for Local Content in IT Procurement and clearance of IT projects in MDAs as well as other institutions of the Federal Government.  The goal is to put an end to capital flight which is weakening the naira, prevention job creation in the nation and the negative impact on the economy.

Earlier in October at a media briefing in Lagos, the Director General, National Office for Technology Acquisition and Promotion, NOTAP, Dr. Dan Azumi Mohammed Ibrahim, disclosed that the agency has saved Nigeria N192bn in six years and secured about 38 patents for agencies and private researchers in six months of 2017. This was achieved through the refusal to approve importation of technologies, as well as services that could be rendered by Nigerians, which would have resulted in capital flight.

GMD FinTrak Software, Bimbo Abioye, was on hand to share the success stories of indigenous software in private and public sectors using FinTrak Software as a case study and he further expanded on how regulatory agencies can support the growth of indigenous firms as well as the IT sector. Though an indigenous company, FinTrak Software has a global footprint.

ED Business Development, Ladi Ipaye at the FinTrak Software Stand

 

More:

ICTLOCA is the association responsible for the protection of interest of local ICT practitioners, enforcement and implementation of the NOGICD Act and other local content policies of government on the use and deployment of indigenous Information Communication Technology products and services in the oil and gas sector and other sectors of the Nigerian economy for the benefit of local ICT practitioners.

NOTAP is one of the 17 agencies under the Federal Ministry of Science and Technology established to regulate the inflow of technology in the country.

Japan raises security after ¥1.8bn taken from ATMs

Japan raises security after ¥1.8bn taken from ATMs » Banking Technology

Fintech in Japan is not so calm at present

Japan’s Seven Bank has improved security for ATM withdrawals following Japanese banks losing JPY 1.8 billion ($16.8 million) through fake overseas cards.

Banks across the island nation are rushing to deal with the fraud, and Seven Bank which operates ATMs in the 7-Eleven convenience store chain, has cut its withdrawal limit to JPY 50,000 ($468) from JPY 100,000 ($937) for customers using non-Japanese cards.

Seven Bank says it has “complied with EMV regulations, globally accepted security standards, and equipped a system that detects criminal transactions so as to prevent crimes committed on our ATMs”.

It is not alone. E-net, a joint-banking service which operates about 13,300 ATMs across the country, reduced its withdrawal limit to ¥40,000 ($375) from ¥200,000 ($1,874) for non-Japanese cards.

According to the Japanese media and Associated Press; the “illegal withdrawals were made using fake cards of a South African bank in just a few hours” on 15 May at more than 1,000 ATMs in 17 prefectures.

Japanese police have arrested three suspects so far, one in Tokyo and two in Aichi Prefecture.

Associated Press and Japan’s NHK say in the latest development, “police found a manual with detailed instructions on how to use fake cards to withdraw money from ATMs”.

Masatoshi Ogihara, a Seven Bank spokesman, says the bank is “strengthening monitoring and co-operation with police” but declined to give specifics for “security reasons”.

Ogihara adds that China Union Pay cardholders are now limited to JPY 50,000 ($468). Previously, it was JPY 200,000 ($1,874).

On top of all these developments, money was also taken at Japan Post Bank ATMs.

Hayato Kayanuma, a spokesman for Japan Post Bank, says it is “working on plans to deal with the fraud but has not lowered the withdrawal limit”. He adds the plans would not affect cards issued in Japan.