…As SystemSpecs lauds Nigeria’s tech strides
By Henry Uche
The Director-General of Bureau of Public Service Reforms, Dasuki Arabi, has affirmed that with the right technology and innovation, President Tinubu’s administration would not only fulfil the mandates of the Renewed Hope Agenda, but would also create a more inclusive and prosperous society for all Nigerians.
The DG made this known at the Nigeria GovTech Conference and Awards, put together by the Bureau, held recently in Abuja, with the theme: “Digital Innovation as a Catalyst for the Renewed Hope Agenda,”
“Collaboration between the public and private sectors is essential. The private sector can introduce innovation, technology, resources, and talent.
However, the government remains the largest player in our economy, hence, it is in the private sector’s best interest to work closely with the government.
“The government sets the rules, manages the processes, and controls many aspects of what we do, while the private sector brings expertise, technology, and resources. When both sectors collaborate effectively, it creates a mutually beneficial partnership that drives progress and fosters a win-win outcome for all. Fintech relies heavily on robust infrastructure. Network reliability is crucial for seamless transactions, and government investment in this area will significantly enhance operational efficiency,” he added.
In a panel, the Managing Director of SystemSpecs Technology Services Limited (STSL), Mr. Demola Igbalajobi, hailed Nigeria’s financial technology (fintech) sector as one of the most advanced globally. Igbalajobi who represented Dr John Obaro, Group Managing Director of SystemSpecs Holdings, told government representatives, industry leaders, and technology experts to explore emerging trends in ICT and the country’s burgeoning tech talent base, to drive public service delivery and improve the lives of Nigerians.
“The Nigerian payment system is one of the most advanced in the world. Instant payments and multi-bank applications, like those we see with Remita, offer functionalities that many developed countries have only recently begun to implement. We often take these advancements for granted, but they are a testament to Nigeria’s innovative fintech landscape,” Igbalajobi remarked.
He added that to provide a seamless user experience and effectively address the challenges faced in the government budgeting process, SystemSpecs Technology Services Limited also developed an e-budgeting and warranting solution. This reiterates the firm’s commitment to delivering solutions that contribute to the overall development of the nation and Africa at large.
He further emphasized the importance of collaboration between banks and fintech companies, stating that such partnerships are essential for the growth of both sectors. “Fintech firms may not hold funds, but they build solutions that leverage the infrastructure of banks. A healthy collaboration benefits both sectors and ultimately improves customer experience,” he noted.