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Home Business News

Economic Recession Presents Unique Technological Opportunities- Agada

Chacha Wabara by Chacha Wabara
August 29, 2016
in Business News, Spotlight
tech space

technology

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The current economic recession in the country can be exploited for opportunities to develop technologically, says James Agada, who oversees the operations of the leading ICT company. He said this in an interview with The Nation’s correspondent, Ibrahim Apekhade Yusuf.

He explained that due to the limited funds available now, businesses are looking for new and more efficient ways of carrying out their operations, which invariably are technology-related. This, he said has the potential for stimulating development in the technology sector.

Another way the recession could present opportunities according to Agada, was that that businesses that could hitherto afford individual micro infrastructure are now looking for ways they can avail themselves of opportunities of cost afforded by collective mega infrastructure.

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‘We are also working on providing infrastructure as a service such, that you don’t have to buy a server because we provide you the server, and you can just connect as if it’s your own server, and pay us monthly or quarterly. And people who are resistant to that before, because we all have more money than we knew what to do with, now everybody is getting to think seriously about the fact that it’s outcome that I want to pay for.’

Also lamenting the infrastructural deficit that the country was suffering in the technology sector, he said Nigeria could do better in terms of local content in technological infrastructure if not for the lack of manufacturing capacity.

However, according to Agada, the government was not really helping the situation in the sector as the numerous and sometimes conflicting regulations stifle development in the country. ‘I think in my own opinion, one of the problems is that, we have too many regulations. And many of the regulations are not exactly directed at achieving any particular outcome.’ The Nation quotes Agada as saying.

Parts of this article originally appeared in The Nation.


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Tags: ManufacturingNigerian recessionTech
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

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Comments 1

  1. Anodebenze says:
    August 30, 2016 at 4:58 pm

    At times we looked at govt for deliverance and hope,and when It does not happen,as an Nigerian saying said “man must wack”,you have to survive and eat and clothes yourself.When one see an opportunity to survive.IT WORKED FOR YOU AND YOU FEELS HAPPY,AND YOU KNOWS IT’S NOT YOUR BEST OPTION, AND YOU HAVE NOT REACHED THE FULL POTENTIALS AS A PERSON AND AS A HUMAN BEING.
    wHERE DO WE START IN NIGERIA.IT IS multiply,but can be solve,this present govt inherited a mess..the vice-president said he is opposed to the restructuring of Nigeria now,that the real solution is real economic growth,and I think I will agree with the vice-president.YOU CANNOT GIVE FREEDOM NOW AFTER ABOUT 30 YRS OF MILITARY RULE.it will create a shocking element,when the supporting and variable features and scenario are lacking
    It happened in russia,some was saying communism will last for 500 yrs or like the NAZI’S 1000YRS OF THE REICH.MR GOVERCHEV MADE HIS OFFICE VACANT BY HIS WILL WITH HIS PESRONIKA AND GLASSNOT…, DID HE SAW IT.I THINK HE SAW IT.the soviet was slowing down in economic growth and socially.communism is not the causes of fall of soviet,the fall of the soviet union was caused by the lack of personal freedom.you can shot decindent,put them in detention,but for how long ?,and this is going to affects your sanity, the union of soviet union was bought about with force and bloodshed.
    Right now we do not have any functioning L.G.A, i think positivism and transdential hope will arrive in Nigeria by the ending of this year. with or with not govt action,the elements that will make Nigeria a great country soon will be soon,all we hear from the minister of information for our news.WHY NOT THE PRESIDENCY INSTRUCTS VARIOUS MINISTRIES,TO EMBANK ON MASSIVE PUBLIC RELATIONSHIP,.MASS COMMUNICATION DELIVERANCE TO NIGERIA NOT GOVT PROPAGANA..i.e govt is telling Nigerians on what they are doing.
    On corruption in Nigeria cannot be eradicate overnight.ex-president Obasanjo said that the proposed anti-corruption bill sent to the National assembly was watered down by them.sincerely speaking I cannot says chief obasanjo or the national assembly is right.i feels some energy will be injected in Nigeria around the next election and after it,some anti-corruption law will be introduced and strengthen.
    And The icpc will assumes some of the law that is being used by efcc,the icpc may be expanded to includes financial reckleeness,abuses of office for personal gain.the efcc will concentrate on the private sector,deals with tax evasion.money laudering, and provides advisory & technical to whom it may concerns.
    Did somebody said in newspaper,that some of the cases of the efcc handling now WILL BE GIVEN TO THIS NATIONAL PROSECTION COORDINATION COMMITEE.my view is that the Attorney General should rethink,on this policy changes,what for ?..Nigeria is full of noise making,sometimes those who make most noise,we think,he is something but he full of shit.an English proverb said “AN EMPTY VESSEL MAKES THE MOST NOISES.
    The present boss of efcc is a career and trained police officer, and are most efcc staff,the problem of the failure of high profiled cases can be only 2 major issues (1) efcc presented a shallow and incomplete evdences before the judges,and judges can be influenced by the media.(2)efcc was hasten in dealing with suspect,i.e they have alerted suspect that, they are under investigation,so those suspect will uses all their resource to frustrate govt function by legal or mass media or cover their track, lastly could the present law strengthen.
    This is the second time Governor fayose under investigation,and I think he is going free,wether efcc likes or not.it is not good enough that governor brought properties worth millions,it’s not good enough he received money from the office of the national security adviser,you have to prove,he knew or participate in this crime,BEYOUND REASONABLE DOUBT. reasonable doubt is the standard judgement stick we employs in criminal law.the efcc have an open and closed case against kalu orji,and the former governor of plateau state andthey have a slim evidence against fkk and I think on probability 60 %,he is going free.
    Mr Magu lament the darkness of justice in Nigeria against corruption.they needs to review their action and devises a new strategy to wins their case.they may employs an outside public relationship company to sell the agency to Nigerian public.
    The action of the Attorney General will demolarizes the staff of the effcc,and it is showing,according to newspaper report.

    Reply

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