In a bid to reduce its spending and fight corruption, the Nigerian government has increased by 50% its budget for information and communication technology, bringing it to N41 billion ($118million). Moreover, it has started working with US tech giants, Oracle and Microsoft, in the same framework.
Oracle has actually helped Nigerian authorities remove 50,000 ghost workers or fake entries from government payroll, according to a statement of presidency released on June 29, Bloomberg reports. As for Microsoft, Constance Ikokwu, communication adviser to the minister of industry, said her administration is currently in talks with the IT firm to improve e-services in the country. This aligns with “the government’s objective to improve its World Bank Ease of Doing Business ranking”.
Commenting the government’s decision to invest more in ICT, Hakeem Adeniji-Adele, director of public sector work at Microsoft Nigeria, said: “The government’s digitization drive is imperative in cutting out the middle man. The existence of middle men has left room for corrupt and illegal practices to thrive in governance and doing business in Nigeria”. He also invited the government to simplify its processes saying it would help improve the country’s ranking in Transparency International’s corruption index. Last year, Nigeria was 136th out of 167 countries listed on the index.
Nigeria is currently working to get out of its first recession in 25 years, driven by low oil prices and slump in production of the commodity from which it derives most of its revenues. The economy is also crippled by corruption which caused it to lose more than $480 billion, from 1960 to 2004, according to a Chatam House report.
Anita Fatunji
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
Carrefour to enter Ghana retail market in 2026 via franchise Shoprite Ghana stores to be rebranded Carrefour from April 2026 Plan includes opening...
(HUAWEI) - Huawei Northern Africa concludes today the Huawei Northern Africa Inclusive Energy Summit 2025 at the Four Seasons Hotel in...
Malawi plans state takeover of majority fuel imports to curb shortages NOCMA to import about 60% of fuel in 2026-27 Private importers remain active...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...