Investment: Nigeria Seek Investors In Local Software


The Institute of Software Practitioners of Nigeria (ISPON), President James Emadoye has called on the Bank of Industry in Nigeria to come out and create a software Business
Desk with a $16,350 million US (N5 Billion) revolving loan to develop the software sector
in Nigeria. This comes after calls condemning the over dependency on the importation of software products by both the public and the private sectors of the Nigerian economy,
according to Vanguard .
Emadoye warned that it was “dangerous to allow foreign software to be dominant in the
country’s businesses, government, education and the military,” stated a report by TPulse .
In the face of a serious economic recession,Nigerians are still reliant on foreign products.
Emadoye added that, “We cannot depend on other nations to do it for us and we cannot
wait to experience collapse or serious hacking that can crumble the economy within
seconds because we put out national information trust in the hands of foreigners.”
2016 promised so much for the Nigerian software sector with over N16 billion
budgeted for Computer Software Acquisition, with the hope being significant progress
would have been made in the uses and enthronement of Software Nigeria , this
however did not materialise.
According to the ISPON President, Software Nigeria has the capacity to launch Nigeria
into the new age where technology prevails in all human endeavours. He highlighted the
positive effect a thriving Software Nigeria could have in terms of job creation and not
losing millions in foreign exchange. He added how no foreign products can fully meet the
requirements in Nigeria as software is a sensitive matter that affects country and
“Government through the National Information Technology Development Agency,
NITDA, must put in more effort to ensure that all Ministries, Departments and Agencies,
MDAs patronize Nigerian Software in the real terms of the word. “ Nigeria as a country is
large enough and far more resourceful and should be able to meet her needs for all
nature of software locally, Emadoye concluded.

About Aisha Sanusi 1524 Articles
African Entrepreneur Start-up Project (AESP) is a project that aims to support and empower African entrepreneurs. We are working towards economic development and growth in Africa by supporting entrepreneurs in Africa to become world market leaders. We believe that African entrepreneurs have a better chance of economic progress if they pool their resources, work together and support each other's businesses.


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