Close Menu
Chronicle NG
    Trending Stories
    Mock-up of a proposed $250 US bill featuring President Donald Trump to commemorate America's 250th anniversary.

    Trump $250 bill proposal advances as treasury weighs commemorative note

    May 31, 2026
    IGP Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    IGP Disu warns against indiscriminate recording of police officers

    May 31, 2026
    APC demands Makinde resignation over insecurity in Oyo

    Makinde is a danger to the growth, development of Nigeria – APC

    May 31, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Trump $250 bill proposal advances as treasury weighs commemorative note
    • IGP Disu warns against indiscriminate recording of police officers
    • Makinde is a danger to the growth, development of Nigeria – APC
    • APC demands Makinde’s resignation over insecurity in Oyo
    • Tinubu deploys 1,000 forest guards, tactical rescue team
    • ‘I’m alive, ’Actress Halima Abubakar debunks death rumour
    • Catholic priest says Arsenal’s UCL loss ‘a blessing to the Church’
    • Arsenal placate UCL loss with bus parade celebrating EPL title
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, June 1
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Nigeria spends N793bn importing ICT equipment yearly

    Chronicle EditorBy Chronicle EditorDecember 15, 2016No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    Dr. Isa Ali Pantami says Nigeria has not issued licence for 5G technology NIPOST Data NIN
    Dr Isa Ali Pantami, Minister of Communications and and Digital Economy
    Facebook Twitter WhatsApp
    Director General, National Information Technology Development Agency (NITDA), Dr. Isa Ali Pantami

    Despite her economic situation, Nigeria spends over N793 billion ($2.6 billion) annually on importation of information and communications technology (ICT) equipment, the Director General, National Information Technology Development Agency (NITDA), Dr. Isa Ali Pantami has said.

    Pantami who made the disclosure at a technology forum in Lagos recently, said the trend in importation of ICT equipment into the country is on the rise and could hit N44.835 trillion ($147 billion) by 2020, if it remained checked.

    Besides, he said, the trend would impact negatively on Nigeria’s local content development, since a lot of local equipment manufacturers would suffer defeat and loss of businesses as their products would not be patronised.

    “If you look at the amount of money we spend annually on the importation of goods and services of ICT you will be amazed. It is approximately around $2.6 billion annually and this amount is projected to reach around $147 billion in 2020. It is almost six times our current budget.

    “And that is why we are putting more pressure on our local currency (the Naira). There is no strategy on developing our local content. We are focused on sourcing forex and importing something into our nation without cross-checking whether we have it in our nation locally or not,” Pantami said.

    He insisted that Nigeria would continue to lose huge amount of money to capital flight, if the trend persists, and called for the right policy implementation to address the ugly trend.

    He said ICT regulation and the promotion of local content remained essential to sustaining real growth and the building of indigenous capacity for Nigeria.

    “Without regulation, you cannot in any way promote our local content; you cannot in any way encourage and motivate people to patronise locally developed products, and this has to change fast in order to protect our local industries,” Pantami said.

    Industry stakeholders who supported the views of Pantami, blamed the situation on weak enforcement of government policies, which they said could be good and practicable, but lack the willpower to implement and control.

    One of the stakeholders, who is the President of the Institute of Software Partitioners of Nigeria (ISPON), Mr. Olorogun James Emadoye blamed the federal government for policy inconsistencies and poor implementation. He recalled that the federal government, through the former Secretary to the Government of the Federation, Chief Ufot Ekaette, wrote a letter with Ref No SGF/OP/1/S.3/VII/795, to head of civil service commission, ministries department and agencies (MDAs) of government, on the need to patronise made -in -Nigeria products, including procurement of locally assembled computers and locally developed software.

    He said the letter directed all federal MDAs to comply with the directive, but expressed deep dissatisfaction that such directive was never implemented. The situation, he said, has grounded several local manufacturers of ICT products and equipment in the country, whereas importation of ICT equipment still thrives in the country.

    Emadoye therefore called on government to expedite action in putting in place, policies and the right implementation that would support local content development in a sector where there are willing and talented people that could develop ICT equipment with global standard and best practice.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    APC rubbishes Obi, Kwankwaso alliance proposal for 2027 election

    Obi says Kwankwaso will be partner as VP, not spare tyre

    Peter Obi reacts to the kidnapping of students in Borno and Oyo states, describing the attacks as a threat to Nigeria’s future and education sector.

    Obi accepts NDC presidential ticket, promises to end insecurity

    Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities.  The suspect is reportedly accused of many other cases of sexual assault.  The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service.  Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said.  The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force.  The Waco Police Department said that he will be extradited to Texas.  Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her.  Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes.  On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said.  “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.

    Odiong: US-based Nigerian Catholic priest convicted over sexual assault

    AbdulRahman AbdulRazaq speaks on the proposed ₦100,000 national minimum wage during ongoing consultations between governors, the Federal Government and labour unions.

    Governors propose N100,000 minimum wage amid rising economic hardship

    Tinubu cites Nigeria's economic recovery, security gains in third anniversary speech

    Tinubu lauds economic growth, applauds early payment of salaries

    South Africa: Nigerians count loses as xenophobic attacks worsen

    South Africa: 105 Nigerians killed in xenophobic attacks since 2019

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Mock-up of a proposed $250 US bill featuring President Donald Trump to commemorate America's 250th anniversary.

    Trump $250 bill proposal advances as treasury weighs commemorative note

    May 31, 2026
    IGP Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    IGP Disu warns against indiscriminate recording of police officers

    May 31, 2026
    APC demands Makinde resignation over insecurity in Oyo

    Makinde is a danger to the growth, development of Nigeria – APC

    May 31, 2026
    APC demands Makinde resignation over insecurity in Oyo

    APC demands Makinde’s resignation over insecurity in Oyo

    May 31, 2026
    You’re not forgotten, abandoned, Tinubu tells abducted Borno, Oyo schoolchildren

    Tinubu deploys 1,000 forest guards, tactical rescue team

    May 31, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.