Rédaction Africa Links 24 with Guardian Nigeria
Published on 2024-04-10 03:46:11
The Association for Information and Communication Technology on Local Content (ICTLOCA) is fully in support of the Central Bank of Nigeria (CBN) policies on foreign exchange, viewing them as a crucial catalyst for accelerating the development of a robust local ICT industry. ICTLOCA, established in 2020 as a non-profit organisation, is dedicated to fostering the growth and sustainability of the Nigerian ICT sector through local content development.
In a document signed by the President, Gbolahan Awonuga, and the Secretary, Adebunmi Akinbo, ICTLOCA expressed its belief that the CBN’s forex policies present an opportunity to drive forward the local ICT industry. The association has taken various initiatives to support the implementation of these policies, such as advocating for increased government funding for local ICT research and development, as well as lobbying for the procurement of locally-made ICT solutions by government agencies.
Additionally, ICTLOCA is working on promoting local content standards within the ICT sector by collaborating with stakeholders to develop and implement clear and enforceable guidelines. The association is also facilitating partnerships by connecting Nigerian ICT companies with international partners for technology transfer and joint ventures. Moreover, ICTLOCA is investing in programs to develop talent pipelines and equip Nigerians with the necessary technical skills and entrepreneurial mindset to succeed in the ICT sector.
By aligning with the CBN’s forex policy and focusing on local content development, ICTLOCA believes it has the potential to significantly boost the Nigerian economy. A thriving local ICT industry has the capacity to create jobs, attract investment, and make a substantial contribution to the country’s GDP. By substituting imported ICT products and services with locally-made alternatives, Nigeria can also save valuable foreign exchange reserves and reduce dependence on imports. Furthermore, a focus on local content can spur innovation and entrepreneurship within the Nigerian ICT sector, as well as bridge the digital divide by increasing access to affordable and locally relevant ICT solutions.
ICTLOCA emphasized that its unwavering commitment to local content development and its alignment with the CBN’s forex policy position the association as a key player in shaping the future of Nigeria’s digital landscape. The association announced its plans to inaugurate the National Working Group on Financial Technology in the coming months to support and boost innovative platforms within the Nation’s Digital Ecosystem.
In conclusion, through fostering collaboration, innovation, and capacity building, ICTLOCA is playing a vital role in contributing to the growth and sustainability of the Nigerian economy, empowering Nigerians to thrive in the digital age.
