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Indigenous technology firm, TechEnd, has urged the Federal Government to create an enabling environment that will allow local operators to thrive.
Speaking with The Guardian, the Managing Director, TechEnd, Sheriff Oladejo, said startups would thrive more in the country if the Federal Government could provide adequate funds for the sector and encourage more investment to support the growth and expansion currently going in the industry.
Oladejo listed other challenges facing the sector including inadequate infrastructure, limited access to reliable electricity, and several regulatory hurdles.
He said these challenges have impacted the deployment and sustainability of IT projects in the country, meaning that the high operating costs and other issues in the country erode most of the revenues.
Agreeing that the government is now making significant input, especially creating an enabling environment for tech entrepreneurs to operate, Oladejo said the country is seeing more fibre optic connections across the state and major cities in Nigeria.
He said with the background of the Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani, as a deep technology person, “I believe he will know what and what to do to move the sector forward. We are hoping that proper regulations will open the way for more investments in the sector.”
Speaking more on the sector, the TechEnd boss said Nigeria’s environment is very challenging, especially for local players.
Oladejo said though the IT sector has been experiencing significant growth in recent years, coupled with the large youthful population, which is increasingly tech-savvy, this has contributed to the expansion of the IT industry.
He said Nigeria has a vibrant startup ecosystem, with a focus on digital technology and innovation, stressing that Lagos, in particular, is often referred to as “Silicon Lagoon” due to its concentration of tech innovations and startups.
“We have seen significant growth in e-commerce and fintech players. Most of the entity offers digital payment platform, online shopping, and financial services tailored to the Nigerian market, these have played important roles in the growth and deepening of financial inclusion in Nigeria.
“Another item that also gained traction with the digital technology sector is the development of MobilApps, this has become a powerful advancement to support digital technology advancement and bring about ease of doing business on the go.”
Oladejo, who said TechEnd is an IT firm, co-founded in 2016 and has primarily evolved into various aspects of technology, including software development, IT consulting, training and capacity development, added, “TechEnd specialises in building sector-based solutions. We have our flagship solution, called “EstatePlus.” This application works within Property and Facility Management and other solutions for savings. We also have investment software and provide software training and mentorship.”
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