NIMC: cashless Nigeria needs NIMS

GOVERNMENT

|
Image: Chris Onyemenam . By NIMC
Chris Onyemenam

By Kokumo Goodie, Lagos, Nigeria

As cashless banking, financial inclusiveness and mobile payments gradually take firm root in Nigeria, the National Identity Management Commission (NIMC) has highlighted the need for a reliable identity database and its adoption in the financial services sector to reduce fraud and improve Gross Domestic Product (GDP), among others.

The Director-General of Commission, Chris Onyemenam was speaking at the Nigerian Computer Society's (NCS) 24th Annual Conference at the Le Meridien Ibom Hotel, Uyo, Akwa Ibom State. According to him, for lasting success of the Central Bank of Nigeria’s Cashless Policy, “there must be a reliable Identity Management system in place”.

“The National Identity Management System (NIMS) is central to the success of a cashless economy project” he said, adding that “a Universal Identification Infrastructure (UIDI) is unique, secure, accessible and reliable, recommended for identity authentication (Identification/Verification) and tying individuals to transactions (non-repudiation and with a history) as the current methods rely on two-factor identity authentication are still challenged with effectively managing identities.”

“A secure UIDI is a precondition for financial inclusion. The NIMS will tie captured biometrics and unique National Identification Numbers (NIN) of Nigerians to bank accounts, voter registers, immigration, and law enforcement agencies among others,” he said.

According to him, existing databases have not met international standards (ISO/IEC, NIST, IEEE, ICAO, etc) and they have been non-centralised, unreliable and incomplete. Also, regular updating have not been possible and there have not been centralised and irrefutable way of tying individuals to transactions until now.

He said this recommended move, if followed, would unleash in the nation the opportunity in consumer credit experienced all around the world, reduce fraud, fight terrorism, improve GDP, and create a robust and  dependable identifier.

The NIMS project is an essential transformation tool for fostering socio-economic development, maintenance of law and order and security of lives and properties, he said.

He applauded the development of the Mobile Payment Services Sector (MPSS) which has achieved remarkable feats which includes the licensing of Mobile Payment Service Providers (MPSP) e.g. Pagatech, Fortis Mobile, UBA/Afripay, GTBank, eTranzact.

He said there is potential for the MPSS to play a huge role in the development of the Nigerian economy. “The Mobile Payment Service Providers (MPSP) creates employment and economic opportunities, it will stimulate consumer demand, local production and grow GDP but the need for a reliable identity management sector to drive the initiative is core,” he said.

The enhancement of the efficacy of monetary policy operations and economic stabilization measures, balanced and genuine currency transaction demands a speculative market behaviours that will in turn facilitate better currency management and helps in reducing  the cost of currency management.

Onyemenam said the congruence of plans and deployment of the NIMS project is inevitable and a complementary CBN policy is essential.

“Annual debt finance is less than 65% of total loss due to identity-related fraud in banks. There is need for a deployment Strategy focused on update-able database and secure identity authentication” he said adding that the live pilot of the project commenced February 23, 2012 in FCT.

Key NIMS activities include enrollment/updates, national ID card issuance, identification and verification, reliable, secure and fast identification and verification services online and offline enrolment centers for continuous enrollment of citizens and legal residents; creation of a unique National Identity Database; generation, issuance and assignment of National Identification Numbers (NIN); Issuance of National smart Identity cards (E-ID); provision of authentication infrastructure (Back-end); Provision of authentication services; harmonization and integration of identity databases among others.

He explained that the challenges of the commission include centralising the identity authority, privacy issues especially in a cultural context, marketing the NIMS / mass appeal, stakeholder revenue model, political support and supervision, dealing with vested interests, privacy issues especially in a cultural context, and dealing with vested interests; among others.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE GOVERNMENT NEWS

Lawmakers want TSA investigated

Nigeria’s lower house, the House of Representatives, is making moves to investigate how much has come into the Treasury Single Account (TSA). Read More

BVN fished out 40,000 ghost workers

Nigeria’s Minister of Industry, Trade and Investment says the Bank Verification Number introduced by the Central Bank of Nigeria has saved the Federal Government billions of naira. Read More

Kenya embraces online motor vehicle registration to fight corruption

In a bid to weed out corruption and increase efficiency in the road transport sector, the Kenyan government is set to unveil online vehicle registration. Read More

Botswana Post opens new money transfer corridors

BotswanaPost says it has launched another two money transfer routes – to Lesotho Postal Services and Swaziland Postal Services.   Read More

International Conference on the Internet on in Gaborone

The University of Botswana is hosting the First International Conference on the Internet, Cyber Security and Information Systems in Gaborone to the 20th May 2016 at The Gaborone International Convention Center (GICC).  Read More

Again, NCC’s 2.6GHz spectrum auctions fall through

The planned 2.6 gigahertz (GHz) spectrum auction scheduled by Nigerian Communications Commission (NCC) may have fallen through. Read More

Government rules out OTT regulation in Ghana

Ghana’s Deputy Minister of Communication, Ato Sarpong, has told key industry players in Accra that the government has no intention of regulating over-the-top operations in the country.  Read More

Rwanda, MasterCard collaborate on cashless society

The Government of Rwanda has announced a collaboration with MasterCard to fast-track the country’s move to include 90 percent of its citizens in the financial mainstream. Read More

Mobile spam: NCC reads riot act to telcos

Worried by a flurry of complaints, the Nigerian Communications Commission has warned mobile network operators to take decisive action to curb unsolicited text messages and calls to customers. Read More

NCC chief urges Fed Govt to relax forex policy

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has urged the Federal Government to consider relaxing its forex policy for telecommunications companies. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

Government should encourage youths in ICT earlyGovernment should encourage youths in ICT early

Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.

Advertisement

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Tigo, JI and GES equip teachers on child online protection initiative

Tigo, in partnership with J Initiative (JI), a youth focused non-governmental organisation in Ghana, have committed to protecting children online through policy advocacy, awareness creation, public education ...