Ekeh: 57% of Technology Products Procured by Nigerian Government, Corporates Refurbished

Leo Stan Ekeh, Chairman of Zinox Group, has disclosed that around 57% of technology products procured by Nigerian government entities and corporate organizations are refurbished, disguised as new items. The pervasive practice, he claims, has persisted unchecked due to the failure to uphold the genuine local partnership structures set up by foreign Original Equipment Manufacturers (OEMs) in the country.

Ekeh contends that this tactic is fraudulent and is calling for disciplinary actions against the companies found responsible. The revelation comes as Nigeria endeavors to establish a more competitive, digitally-driven economy. Speaking at the 66th Annual General Conference of the Nigerian Bar Association (NBA) in Port Harcourt, Ekeh argued that this situation, stemming from a preference for foreign technology products, has led to the overlooking of indigenous technology firms capable of delivering high-quality solutions.

To tackle this issue, he urged the implementation of the Nigeria First Policy, encouraging government departments to give precedence to indigenous businesses and locally developed, certified solutions while maintaining stringent quality standards. Ekeh also emphasized the role of digital systems in enhancing procurement processes, noting that technological independence is crucial for the nation's independence.

He further highlighted the evolving role of legal professionals in managing procurement risks and disputes in a digitally-oriented economy.