Home Big Story President: Technology Hubs to ‘unlock entrepreneurship among Nigeria youths’

President: Technology Hubs to ‘unlock entrepreneurship among Nigeria youths’

President: Technology Hubs to ‘unlock entrepreneurship among Nigeria youths’
0

Professor Yemi Osinbajo, Acting President has said that technology hubs being built across Nigeria will help unleash entrepreneurship among youths in the country.

This comes just as the Nigeria Computer Society (NCS) has commended the Executive Order mandating government agencies to buy Made in Nigeria IT products and services, under it local content policy thrust.

He said this Monday in a speech marking Democracy Day in Nigeria, which also coincides with the second anniversary of the Muhammadu Buhari administration that technology hubs and allied programmes are being developed across the country by government.

“Let me note, at this point, that several of our Initiatives are targeted at our young people, who make up most of our population. From N-Power, to the Technology Hubs being developed nationwide, to innovation competitions such as the Aso Villa Demo Day, and our various MSME support schemes, we will do everything to nurture the immense innovative and entrepreneurial potential of our young people. We are a nation of young people, and we will ensure that our policies and programmes reflect this”, the Acting President said in Abuja.

According to Osinbajo, “Today marks the second anniversary of our assumption of office. We must thank the Almighty God not only for preserving our lives to celebrate this second anniversary, but for giving us hope, strength and confidence as we faced the challenges of the past two years.”

“Let me note, at this point, that several of our Initiatives are targeted at our young people, who make up most of our population. From N-Power, to the Technology Hubs being developed nationwide, to innovation competitions such as the Aso Villa Demo Day, and our various MSME support schemes, we will do everything to nurture the immense innovative and entrepreneurial potential of our young people. We are a nation of young people, and we will ensure that our policies and programmes reflect this”, the Acting President said in Abuja.

Young Nigerians seen at work inside the Information Technology Developers Entrepreneurship Accelerator (iDEA) Hub in Yaba, Lagos
Young Nigerians seen at work inside the Information Technology Developers Entrepreneurship Accelerator (iDEA) Hub in Yaba, Lagos

He said that immediately after coming into office, the current administration outlined three specific areas for immediate intervention that include Security, Corruption and the Economy.

He outlined several measures that have been taken to realise the goals of government’s interventions in these areas and other sectors.

“On the whole, just as the President promised in the Budget Speech, these early months of 2017 have seen the flowering of the early fruit of all the hard work of our first eighteen months.

“We opened the year with an overwhelmingly successful Eurobond Offer – evidence of continuing investor interest in Nigeria. We have also launched the Economic Recovery and Growth Plan (ERGP) 2017-2020, to build on the gains of last year’s Strategic Implementation Plan. And the implementation of our 2017 Budget, which will soon be signed into law, will bring added impetus to our ongoing economic recovery. In the 2016 Budget we spent 1.2 Trillion Naira on infrastructure projects, another milestone in the history of this country. Our 2017 Budget will double that investment”, the Acting President adds.

According to him, “that budget also provides for substantial investment to implement the rollout of Industrial Parks and Special Economic Zones (SEZs), as well as our Social Housing Programme. The Industrial Parks and Economic Zones will fulfill our ambition of making Nigeria a manufacturing hub, while the Family Home Fund of our Social Housing Programme will provide inexpensive mortgages for low-income individuals and families across the country.

“These plans offer yet more evidence that we are ramping up the pace of work; the work of fulfilling all that we promised. In the next two years we will build on the successes of the last two. We have demonstrated a willingness to learn from our mistakes and to improve on our successes.”

Professor Aderounmu of OAU, who is also new President of NCS
Professor Aderounmu ,President of Nigeria Computer Society

Meanwhile, Professor Adesola Aderounmu, President of NCS has commended the Government order saying that the computer group received it with “great expectations and elation.”

“The Nigeria Computer Society (NCS) aligns with the Executive Order on Support for Local Content in Public Procurement by the Federal Government recently signed by Acting President Yemi Osinbajo. To say the order is a welcome development is an understatement. Over the years, NCS has strongly advocated for the development of local content in Information and Communication Technology (ICT) to drive growth, unlock youth potential and create jobs in Nigeria”, the NCS President says.

“We are indeed pleased that all Ministries, Departments and Agencies (MDAs) of the Federal Government are now mandated to grant preference to local manufacturers of goods and service providers in their procurement processes for a number of priority items including Information and Communication Technology (ICT) products.

“This development should stop the wasteful and unsustainable importation and adoption of foreign expertise and solutions. Nigerian companies in the ICT sector have proven to be capable of delivering solutions needed in our public and private sectors. Deploying domestic products and services expands the local industry, fosters local job creation and boosts the local economy”, according to NCS.

The tech group however said that “Effective implementation of the Executive Order should therefore be a priority.”

Aderounmu says that, “using innovation to bring efficiencies and create jobs in virtually all sectors, not just in ICT is critical to the success of the Federal Government’s Economic Recovery and Growth Plan (EGRP). EGRP and sustainable development depend on having a vibrant and growing domestic ICT sector. NCS commends this bold and inspiring decision to support local initiatives and views the Executive Order as a welcome enabler. For the tech sector, the consistency is appreciated as the Order builds on the existing Guidelines on Nigerian Content in ICT.”

According to him, “NCS is pleased to note that Heads of MDAs are required to assess the monitoring, enforcement, implementation and compliance with the Executive Order. We look forward to collaborating closely with Government to ensure the successful implementation of the Executive Order. In addition, we assure the Administration of the readiness of our group to collaborate with government on other important policy initiatives and issues in the ICT domain.”

KV Free Directory AD
Technology Times Staff News and Reports from Technology Times Newsroom. Call/SMS/ WhatsApp: +234 815 7000 100

We want to hear from you...