TechBooky AI Assistant
TechBooky AI Assistant
👋 Welcome to TechBooky AI Assistant

I can help with:
🔎 Tech News
🤖 AI Topics
💻 Gadgets
☁️ Cloud
✍️ Guest Posts
📢 Advertising
🔗 Backlinks
📩 Newsletter
  • AI Search
  • Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise With TechBooky
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
Home African

NITDA Saves The Federal Government N3bn From Capital Flight

Uloma Mary Omolaiye by Uloma Mary Omolaiye
November 21, 2017
in African, Government
Share on FacebookShare on Twitter
Share this story

Send it to someone who should read it.

f Facebook X X in LinkedIn wa WhatsApp tg Telegram @ Email
In Brief
  • The issue with the capital flight was a norm until last month when National Information Technology Development Agency publicly confirmed that there was a movement of...
  • Since then, the commission has pledged to be on their toes to stop monies from taking strange flights.
  • Just recently, N3bn has been redeemed from taking a swift flight during the process of clearing a project.

The issue with the capital flight was a norm until last month when National Information Technology Development Agency publicly confirmed that there was a movement of N720b which was redeemed from the importation of foreign technologies. Since then, the commission has pledged to be on their toes to stop monies from taking strange flights. It appears that NITDA is keeping to this vow. Just recently, N3bn has been redeemed from taking a swift flight during the process of clearing a project.

Mrs. Hadiza Umar, Head, Corporate Affairs and External Relations noted on Monday that this new process of ‘watchful clearance’ will eradicate the culture of ‘wasteful and duplication of the IT procurement and services in the ministries, departments, and agencies’.

There is a whole lot that could be achieved with this amount. It’s quite unfortunate that the country talks about measuring up with the standard of technology in developed countries. Yet, here we are, still contending with broadband infrastructure, whereas N3bn was about to take a magical flight. Just last month, N720bn only, was recovered.

An investigation revealed that some materials had been overpriced by N3bn under the guise of being imported when these materials could be purchased in the country. Umar has stressed that the commission will do everything in its power to restore sanity and displace corruption within the sector.  She said:

‘As an unbiased watchdog of government, the Director-General has ensured that there is transparency, accountability, efficiency, and effectiveness in the process of obtaining clearance from NITDA targeted at extracting maximum value from the MDAs’ investments in the IT projects.’

Also worth reading
Nigeria Local Cloud Push Is Now About AI Sovereignty US Orders Anthropic to Disable Claude Fable 5 and Mythos 5 Over National Security Concerns FCCPC Deregulates Airtime Lending in Nigeria Kenya’s $21 Million Appeal To Track Social Media NITDA Notifies Nigerians About ChatGPT Vulnerabilities NITDA: Google, LinkedIn & TikTok Deleted 28M Nigerian Accounts in One Year

President Muhammadu Buhari has instructed that all government establishments must comply with the IT project’s clearance directive to ensure transparency of ICT procurements, in compliance with the government’s IT shared vision and policy.

Concurrently, the issue of website hosting on generic domain names was condemned. NITDA warned the ministries, departments, and agencies to stick with the ‘government top-level domain name’- gov.ng. It warned that any agency that falters by using a .com domain name will be blacklisted and compelled to face the music.

If the watchdogs continue with the exposure, lots of monies will be redeemed from taking magical flights and the government may stop ringing the alarm of enhancing broadband infrastructure.  

Related Reading

More contextual TechBooky stories selected from tags, categories and article context.

  • nitda-national-information-technology-development-agency
    NITDA Notifies Nigerians About ChatGPT Vulnerabilities
  • 1200x800 (1)
    Tech Issue Fixed, United Airlines Restarts Flight Operations
  • Microsoft-TikTok-01.28 (1)
    Google, Microsoft & TikTok Block 13.5M Nigerian Accounts
  • NHRC-executive-Secretary
    Nigeria's NHRC Liaise With Tech Businesses on AI Damage
  • google-flight-deals
    Google Adds AI to Flight Deals Amid Antitrust Pressure
  • hacker-5332676_1920-e1629793208829-1200x692
    Pro—Hacktivist Group Warns Nigeria: 5 Positive…
  • FCCPC
    FCCPC Deregulates Airtime Lending in Nigeria
  • shutterstock_2512155821_1.2e16d0ba.fill-1200x630
    Nigeria Local Cloud Push Is Now About AI Sovereignty
Keep Reading Smarter

Search TechBooky with AI

Use TechBooky's AI Search to explore the context behind this story and related coverage across the site.

Try AI Search
More On This Topic
African Government
Follow TechBooky

Follow TechBooky for more technology stories and newsroom updates.

f Facebook X X in LinkedIn ig Instagram wa WhatsApp

Tags: governmentictnitda
Uloma Mary Omolaiye

Uloma Mary Omolaiye

Search TechBooky
Open TechBooky AI Search Try the AI Assistant

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

subscription from
Loading

Freshly Squeezed

  • Microsoft’s AI Buildout Runs Into The Hard Math Of Chips And Power August 17, 2026
  • Grok Lawsuit Puts xAI’s Child-Safety Controls Under New Pressure August 17, 2026
  • DeepSeek API Price Hike Starts Today August 16, 2026
  • U.S. Wants Allies To Pick A Side In The AI Race With China August 16, 2026
  • DeepSeek’s Off-Peak Pricing Could Make AI Workloads Run Like Electricity August 16, 2026
  • Microsoft’s China Retreat Redraws Big Tech’s AI Map August 15, 2026
  • Anthropic Explains Claude Watermarks And What They Do Not Prove August 15, 2026
  • SpaceX’s Cursor Deal Shows Elon Musk Is Building The Full AI Stack August 15, 2026
  • Waymo Gets California Approval For Sacramento And San Diego Robotaxis August 15, 2026
  • Judge Orders Google To Make Rival Android App Stores Easier To Install August 15, 2026
  • California Opens Highways To Self-Driving Truck Tests August 15, 2026
  • Google Lets Users Remove Visible AI Watermarks, But The Trust Question Remains August 14, 2026

Browse Archives

August 2026
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31  
« Jul    

Quick Links

  • About TechBooky
  • Advertise With TechBooky
  • Contact us
  • Submit Article
  • Privacy Policy
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
  • African
  • Artificial Intelligence
  • Gadgets
  • Metaverse
  • Tips
  • AI Search
  • About TechBooky
  • Advertise With TechBooky
  • Submit Article
  • Contact us

© 2025 Designed By TechBooky Elite

Discover more from TechBooky

Subscribe now to keep reading and get access to the full archive.

Continue reading

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.