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Business

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ICT

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Capital Market

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Insurance

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

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Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

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Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

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Business

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

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Insurance

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

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NITDA Saves N3bn for FG via IT Process

The National Information Technology Development Agency (NITDA) has saved the Federal Government the sum of N3 billion on a single cleared IT Project of an Agency through its commitment as the government’s clearinghouse for all IT procurement and services in the public sector.

Amid growing concerns about the mismanagement of huge investment of public funds on IT Projects in MDAs, NITDA has offered a glimmer of hope that the Federal Government shall be getting a handle on wasteful and duplicative IT procurement and services in MDAs.

As an unbiased watchdog of government, the Director General has ensured that there is transparency, accountability, efficiency and effectiveness in the process of obtaining clearance from NITDA targeted at extracting maximum value from MDAs’ investments on IT projects.

President Muhammadu Buhari, GCFR, has called for strict compliance to the IT Project’s Clearance  directive by all government establishments to ensure that governments ICT procurements are transparent, align  with government’s IT  shared  vision and policy, save costs through promotion of shared services, avoid duplication, ensure interoperability of IT systems and improve efficiency across government, enforce the patronage of indigenous companies where capacity exist thus fostering digital economy through effective regulation and local content development as well as uphold the highest standards for service delivery.

The President made this declaration at the opening ceremony of this year’s e-Nigeria International Conference and Exhibition held from Tuesday 7th to Thursday 9th November, 2017. He also used the event to commend the Agency’s efforts at enforcing Federal Government’s directive on ensuring that all ICT projects are cleared before they are implemented.

The National Information Technology Development Agency (NITDA) is an Agency under the Federal Ministry of Communications. The Agency was created in April 2001 to implement the Nigerian Information Technology Policy and coordinate general IT development and regulation in the country. Specifically, Section 6(a & c) of the Act mandates NITDA to create a framework for the planning, research, development, standardization, application, coordination, monitoring, evaluation and regulation of Information Technology practices, activities and systems in Nigeria; and render advisory services in all information technology matters to the public and private sectors.

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