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NDITDA Bill Must Not Destroy the New Oil Well, Tech
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By Joel Popoola
In tech terms, 2007 was a thousand years ago.
YouTube was a little over a year old. Instagram and Snapchat didn’t exist. TikTok wouldn’t go international for another decade.
That’s why it’s only sensible that we update out technology laws to reflect the Nigeria we live in now.
But this regulatory refresh must not come at the expense of our economic future.
This week has brought news that the National Information Technology Development Agency is apparently seeking to extend powers granted in 2007 to provide the Nigerian tech sector with advisory guidelines to a fully-fledged regulator with the powers to determine which businesses are allowed to operate.
Under the proposals, companies would also have to pay a 1% levy on their profits to NITDA. Companies failing to comply with the rules would risk jail time or minimum fines of 30 million naira.
In the aftermath of the government’s banning of both cryptocurrency and Twitter, insiders fear the move may have the effect of hindering innovation in Africa’s fastest growing tech ecosystem.
This must not be allowed to happen.
Tech is a sector which has defied the stagnant economy which has defined Nigeria in recent years. The internationally-renowned Financial Times recently branded Nigeria “Africa’s hottest start-up scene”. Of every five dollars invested in venture capital funding in Africa in 2020, one dollar went to Nigeria. In Flutterswitch and Intersave our nation is home to two of Africa’s four unicorns- companies valued at over $1billion. Investors poured $1.6billion into the Nigerian tech scene between 2016 and 2020.
It is this reason why tech’s role in the Nigerian economy has been called “the new oil”. And as the world adapts to a post-oil future, it’s something which is only going to become more and more critical. We must not intentionally destroy the new oil’s well.
As the Financial Times writes, the Nigerian government’s “byzantine structure, endemic corruption and penchant for free speech crackdowns” already inhibits innovation and discourages investment. Heavy handed regulation will only encourage investors and businesses to look elsewhere.
Fintech – digital banking – is one of the most significant divers of the Nigerian tech boom, and in a nation where 60 million people do not have a bank account and where 96% of transactions still take place using cash, the sector is only going to expand – democratising money as it does. No-one is seriously suggesting this area should be an unregulated free-for-all. Consumers need to know that they are investing in a reputable and regulated organisation and not a digital pyramid scheme.
Regulation which supports instead of strangling innovation is the key to prosperity. But the Nigerian tech sector has all-too-often found both the NDITA and other governmental bodies remote, inaccessible and even antagonistic.
This approach is symptomatic and symbolic of the digital divide between decision makers and ordinary Nigerians.
At the digital democracy campaign I lead we are trying to bridge that divide with technology.
We have developed a free app called Rate Your Leader to help elected officials better engage with both technology and the people who elect them.
The app allows direct person-to-person communication between verified voters and confirmed local leaders. As a result, Rate Your Leader allows the rapid raising of issues and concerns and the sharing of information, allowing communities to collaborate to make local areas better and helping politicians understand what matters most to the people who elect them. Rate Your Leader’s abuse-proof technology ensures that this communication is always courteous and civil.
Rate Your Leader also lets local people rate politicians for accessibility, transparency and honesty – building trust in both politicians and political institutions.
The Nigerian tech sector is alarmed by the prospect of a bill which seems to give a single agency the power to decide which businesses can operate and which technologies can come to market, and baffled with a bill which seems to entirely contradict the Nigerian Startup Bill, a tech industry–led initiative much better targeted at delivering a more startup-friendly business environment.
As with so many aspects of the Nigerian political landscape, the key to overcoming these concerns is better engagement – engagement that new technology ironically makes it a lot easier to facilitate.
If we are to safeguard a more prosperous future, it is engagement which must take place at the earliest opportunity – and at Rate Your Leader, we are willing to support that engagement in any way we can.
Joel Popoola is a Nigerian tech entrepreneur, digital democracy campaigner and founder of the Rate Your Leader app. He can be reached via @JOPopoola
News
Dangote Applauds Tinubu’s Economic Reforms
President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has commended the Federal government for implementing what he described as bold and transformative economic reforms aimed at repositioning Nigeria for sustainable growth.
Dangote, in a statement issued by Sunday Esan, Media Relations Group Branding and Communications, said the reforms are strengthening investor confidence, improving economic activity and accelerating the country’s recovery.
According to him, the ongoing fiscal, monetary and regulatory reforms have contributed to improved macroeconomic stability and productivity across key sectors while making Nigeria more attractive to investors.
He said the emerging gains from the reform agenda underscore the importance of consistent, market-driven policies in promoting national development and long-term economic prosperity.
“The economic reforms being implemented by the Federal government are beginning to yield tangible results. We are witnessing improved economic activity, stronger investor confidence, increased industrial productivity, and a more resilient business environment.
“These measures are laying a solid foundation for sustainable economic growth and long-term prosperity for Nigeria,” Dangote said.
He added that the reforms have created a more enabling operating environment for businesses, particularly large-scale manufacturing and industrial enterprises.
According to him, such enterprises remain critical to economic diversification, job creation, foreign exchange generation and Nigeria’s competitiveness.
Dangote also said government initiatives aimed at improving efficiency, promoting investment, enhancing transparency and supporting domestic production are providing a solid framework for industrial expansion.
“We commend the Federal government for its courage and determination in implementing reforms that are essential for economic transformation. While every reform process comes with initial challenges, the benefits are increasingly evident in stronger economic indicators, improved business confidence, and renewed investor interest in Nigeria,” he said.
Dangote further observed that the government’s favourable policy environment has supported the continued growth and efficient operation of the Dangote Petroleum Refinery and Petrochemicals complex, Africa’s largest integrated refining and petrochemical facility. He noted that policy measures designed to strengthen local refining capacity, reduce import dependence, improve energy security, and encourage value addition have contributed meaningfully to the refinery’s success and Nigeria’s broader economic development objectives.
“The progress being recorded at the Dangote Petroleum Refinery and Petrochemicals complex is closely linked to a policy environment that encourages investment, supports domestic industrialisation, and promotes self-sufficiency. These reforms are helping Nigerian businesses to plan with greater certainty, invest with confidence, and compete effectively on the global stage,” he added.
He stated that the refinery’s increasing production capacity and expanding export footprint are contributing significantly to Nigeria’s economic resurgence by generating foreign exchange earnings, creating employment opportunities, strengthening local supply chains, and positioning the country as a leading energy and manufacturing hub
Reaffirming the Group’s commitment to supporting the Federal government’s economic agenda, Dangote said Dangote Industries Limited would continue to invest in strategic sectors, drive innovation, promote industrial development, and create sustainable employment opportunities.
“Our vision has always been to support Nigeria’s economic development through transformative investments. Today, we are witnessing how the combination of private-sector commitment and decisive government policies can unlock unprecedented opportunities for national growth. The refinery, petrochemical operations, fertilizer production, and our other industrial investments are helping to build a more self-reliant, competitive, and prosperous economy,” he said.
He expressed confidence that sustained reforms, policy consistency, and stronger collaboration between the public and private sectors would further stimulate economic growth, attract increased foreign direct investment, and reinforce Nigeria’s position as one of Africa’s most attractive investment destinations.
“Nigeria is on the path to becoming one of the world’s leading industrial and economic powers. With continued policy consistency, robust private-sector participation, and investment-led growth, the future of our economy is exceptionally bright,” Dangote concluded.
News
2027: NDC Accuses INEC of Replacing Candidates with ‘Strange Names’
Ahead of the 2027 general elections, the Nigeria Democratic Congress (NDC) has accused the Independent National Electoral Commission (INEC) of removing some of its nominated candidates from the commission’s list and replacing them with names allegedly unknown to the party.
The National Chairman of the party, Senator Moses Cleopas Zuwoghe, made the allegation in a statement on Sunday, following INEC’s publication of candidates for the 2027 State Houses of Assembly elections.
Cleopas said the names published by INEC, particularly in Anambra State, suggested an attempt to undermine the party ahead of the elections and create disaffection among its supporters.
The NDC chairman specifically alleged that nine persons whose names were not authorised or submitted by the party had been listed as its candidates in various constituencies in Anambra State, the home state of the party’s presidential candidate, Peter Obi.
He called on the INEC Chairman to immediately investigate the development and determine how the names got onto the commission’s list.
Cleopas also urged INEC to extend the investigation to other states, including Benue and Imo, where he said the party had observed a similar pattern.
According to him, the development had embarrassed the party, its leadership and its genuine candidates, while creating disaffection among its supporters in Nigeria and the Diaspora.
“We, as a party, are also carrying out our own independent investigation, the preliminary findings of which are already pointing to the complicity of INEC officials in foisting names purporting to be our candidates, but who are not from us,” he alleged.
He said the party’s investigation indicated that the uploading process was being used to intimidate and embarrass the NDC.
The party listed the following persons as names allegedly published by INEC as its candidates in Anambra:
Onitsha South 1 — Umennaajiego Jude Ezenwa
Onitsha South 2 — Akpotue Obinna Chibuike
Orumba North — Nwankwo Chiemerie
Anaocha 1 — Maduagwu Eric K
Idemili North — Ngoebisi Obinna
Njikoka 1 — Isintume Charles
Nnewi South — Nwachukwu Nonso
Nnewi South 2 — Okeke Ifeanyi Akunne
Ayamelum — Nnonyelu Samson E
Dunukofia — Azotani Chuks Francis
Cleopas, however, said the party is particularly concerned about the process through which the names were uploaded and published.
He said after the conclusion of the party’s primaries and appeal process, stakeholders from Anambra, the party leadership, representatives of Obi and the appeals panel agreed on a final list of candidates.
According to him, the list was signed off by the relevant stakeholders before being uploaded to the INEC portal using the code provided to the party by the electoral commission.
He alleged that INEC officials subsequently kept nine of the names on “Pending” status, claiming that the names were already in the commission’s system based on submissions by officials who monitored the party’s primaries.
Cleopas said the NDC formally challenged the names and submitted the identities of candidates it said were legitimately nominated by the party, but INEC allegedly declined to replace the disputed names.
He further alleged that INEC subsequently collected Form EC-9 directly from the persons whose names were in dispute and uploaded the forms without going through the party.
“To further confirm that there was a predetermined effort on the part of INEC to impose the said nine candidates on the party, and embarrass both NDC and Mr. Peter Obi, INEC went behind the NDC to collect the Form EC-9 directly from the candidates, bypassing the party, and uploading same,” he alleged.
Cleopas argued that where there was a discrepancy between names submitted by a political party and information received by INEC from its monitoring teams, the commission should have left the affected positions vacant pending clarification, rather than publish names the party said it did not nominate.
“At the very worst, INEC could have left us with no candidates for those positions, if they knew they were unwilling to engage us in addressing any perceived anomaly,” he said.
The NDC chairman accused INEC of creating a pattern in which opposition parties were allegedly prevented from uploading their preferred candidates while other names were introduced into their candidate lists.
He vowed that the party would pursue the matter through all available legal channels and seek to have what it described as its authentic candidates restored.
“We are moving to approach the court of competent jurisdiction to seek redress and restore our authentic candidates. The general public and our millions of supporters should note that these are not our candidates,” he said.
News
Nepal Begins Burials As Flood Death Toll Rises to 752
Nepal said Sunday it had begun burying some of the hundreds of bodies recovered after devastating floods, after taking DNA samples and marking them so families can later retrieve them.
The dead are traditionally cremated on funeral pyres in Hindu-majority Nepal, so the burials are viewed as long-term storage until families can retrieve them.
Foreign Secretary Amrit Bahadur Rai told reporters that all those buried were carefully recorded, but also appealed for international support, saying Nepal needed “more than a thousand” freezer units to store bodies.
The announcement of the burials came as Nepal’s disaster ministry increased its toll again on Sunday to 752 bodies recovered and 2,502 people missing.
That list includes 589 foreigners unaccounted for.
Chinese state media earlier confirmed 16 dead in Tibet and 546 people missing following Wednesday’s disaster, taking the overall toll to 768 dead and 3,048 unaccounted for.
“Following standard and accepted protocols, such as those of ICRC (Red Cross), the mortal remains of the dead, especially those not recognisable… have been temporarily buried,” Rai told reporters.
“Medical teams took DNA samples from every victim prior to the burial so that families can match-reference later, and would be allowed to exhume for necessary rituals.”
Nepal has called for freezer storage units and DNA testing kits, as it is overwhelmed with the number of bodies to store safely.
“We have requested different countries for freezers; we will need more than a thousand,” Rai added.
“Many dead bodies have been collected, and they have started decomposing. To preserve public health, we had to bury the decomposing bodies,” he added.
AFP






