Nigerian Senate’s termination of Remita’s contract might discourage local software development

by | Mar 2, 2016

During the Institute of Software Practitioners of Nigeria (ISPON) President Dinner 2016, many software makers expressed their stand as regards the Senate’s recommendation for the termination of Treasury Single Account (TSA) contract with Remita.

Rogba Adeoye, President of the Information Technology Systems and Security Professionals (ITSSP) said that calling for the termination of the contract at this period is not right, as it will derail several government operations. According to Adeoye, the local software, Remita which powers the TSA operation should be encouraged and promoted to other countries to earn Nigeria foreign exchange.

Furthermore, Adeoye explained that “the review as related to the chargeable cost should not be in retrospect as this discourages local IT innovation and empowerment since the contract offers future renegotiations. He admonished the senate to review the cost of the software and charges, seeing that “the professional charges derived through CPN Acts of 1993 as gazetted was never considered in arriving at the Committee’s costing and review of charges of Remita per transaction.”

“This is our stand as regards indigenous software product; that the contract should not be terminated but be allowed to stay as one of IT Products to enhance good Governance, service delivery and transparency” – Rogba Adeoye


Pius Okigbo, Jr, President of ISPON said that termination of TSA contract will not in any way promote or encourage local capacity, adding that “Systemspecs did not do anything wrong. I do not see the reason why the government will terminate the contract. Software industry represents a sector of immense opportunity, massive employment potential, an industry endowed with creativity and technological innovation, wealth creation, talent development and much more.”

Looking beyond the Senate’s recommendation, the attendees of the event also discussed the possibilities of indigenous software as a better alternative to help overcome the negative impact of declining Nigerian crude oil prices at the international market.

Chris Uwaje, Former President of ISPON said that Oil and Gas sector has failed to deliver the required value to develop the nation in the last 50 years, and so challenged the government to resort to indigenous knowledge and software and see if the economy would not stand strong as the mainstay of African continent.

“If we must recover lost grounds of our national development and surmount the challenges of the emerging information society, then indigenous Software is the reliable answer and ultimate solution” – Chris Uwaje

Dr. Vincent Olatunji, Acting Director General National Information Technology Development Agency (NITDA), admitted that the country cannot continue to rely on oil for foreign earning. Olatunji believes that indigenous software development is the good choice for Nigeria, but noted that there is need for partnerships between the government and the private sector.

We aren’t sure software development can save the Nigeria’s economy but it sure will help to correct some lapses in the system. local software development needs to be encouraged and revisiting the earlier recommendation made by the Senate to renegotiate Remita’s contract with the Central Bank of Nigeria (CBN) will help show that Nigeria’s leaders support indigenous software development.


Emmanuel Ogunsola
Emmanuel Ogunsola

I love telling stories using text, pictures and videos. It’s all about the little details.


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Notify of
Inline Feedbacks
View all comments

Recent News

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

TikTok on a “Branded Mission”

TikTok on a “Branded Mission”

On #TechpointDigest, we discuss Autochek’s new acquisition, TikTok’s Branded Mission, Bamba’s $3.2 million seed, and Jumia’s report for Q1 2022.

[PODCAST] Tax evasion in Nigeria to get harder

[PODCAST] Tax evasion in Nigeria to get harder

Using data mining and machine learning, Nigeria’s Federal Inland Revenue Service plans to make it harder to evade taxes. Listen to today’s episode of #TechpointAfricaPodcast to learn how it plans to do that.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap