REGULATORY

Register Your Technology Transfer Agreements With NOTAP Or Face The Music- NOTAP DG

The DG of NOTAP, Dr. Obiageli Amadiobi(Left) and the Managing Director of Computer Warehouse Group, Adewale Adeyipo during the NOTAP DG 's visit.
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By  Kingsley I. Ilechukwu, Bureau Chief, South West and Angeline Mgbele, Bureau Chief, Northern Nigeria

The Director-General of the National Office for Technology Acquisition and Promotion (NOTAP), Dr. Obiageli Amadiobi has said that Companies that do not submit their technology transfer agreements to NOTAP for proper evaluation and registration will soon face stiff penalties and prosecution.

This warning is contained in a press statement e-signed  by Raymond Onyenezi Ogbu on behalf od the Head Public Relations and Protocol Unit at NOTAP.

As per the press statement, Dr. Amadiobi made this revelation when she led the top Management staff of NOTAP on a familiarization visit to some Information and Communication Technology (ICT) companies in Lagos on Thursday, June 13, 2024. She stated that NOTAP was established  to regulate the inflow of foreign technology through the registration of technology transfer agreements  to promote the development of locally motivated technologies.

The DG of NOTAP further stated that while the Office was working assiduously to ensure that Nigerian companies were offered the best contractual terms in acquisition of foreign technologies, some companies were  hiding under the non registration of hardware to avert registration of their agreements because they had lumped up software and hardware together thereby shortchanging the system.

She expressed the commitment of the Office in synergizing with  companies that strictly complied with NOTAP rules but would ensure stiff punishment for erring ones.

“Available records show that a greater percentage of companies in Nigeria operate on imported technologies which run into millions of dollars without NOTAP registration necessitated by Law, thereby shortchanging the Nigerian economy.

“By law, it is mandatory that NOTAP should be involved during the technology negotiation stage to ensure that the Nigerian entrepreneur acquires appropriate technology in best contractual terms so to enable rendition of services  commensurate with the money expensed on it, she said.

The new NOTAP boss said that in line with the renewed hope mantra of the present administration, no company was allowed to continue to avoid registration of technology transfer agreements with NOTAP. She also stated that some operators lumped acquisition of foreign hardware with the  software with the claim that the technology could not be registered since it was hardware.

She emphasized that such companies were doing great disservice to the nation and should  henceforth desist from such practices.

Earlier in his welcome address, the Managing Director and Chief Executive Officer of Computer Warehouse Group (CWG), Adewale Adeyipo expressed delight in the energy and  enthusiasm demonstrated by the new NOTAP DG within a few days of her appointment, adding that the company was ready and willing to partner with NOTAP in ensuring the development of the ICT ecosystem.

He said that NOTAP’s mandate and activities were enormous and strategic to directly or indirectly generate  over 2000 jobs annually within the ICT space. He added that for a nation to be globally competitive, it must adopt one of the key elements of growth, which was ICT holistically.

He said that what government in the developed countries considered first while thinking of investment was digital penetration and regretted that over the years the Country had expended over US987.8 million  on digital media subscription and downloads, adding that this sum could have been saved for Nigerian economic growth if adequate support for local ICT operators had come from government through policies.

In the same vein, the Managing Director and Chief Executive Officer of Microsoft Nigeria plc, Mrs. Ola William said that NOTAP had done remarkably well in fast-tracking the development of the ICT sector.

She used the opportunity to debunk the remour making the rounds that Microsoft was on the brinks to leave Nigeria, adding that the company was committed to the sustainable  growth of the ICT ecosystem.

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