1st ANNUAL INTERNATIONAL
CONFERENCE AND EXHIBITION
ON SMARTCARDS (2001)
The maiden edition of the annual international conference and
exhibition on smartcards
tagged "Smartcard Expo 2001" was held at the Agip Recital Hall, Muson
Lagos from 5th 6th July 2001. The primary objective was to bring together
players in the card payment industry, to discuss and deliberate upon key
needed urgent attention, and to promote the spirit of partnership thereby
enhancing the enormous potentials that are available within the
The summit was organised by Intermarc Consulting Limited under the
sponsorship of Federal Ministry of Science and Technology, Prism Holdings,
Sequra-EFT group, All States Trust Bank, Societe Generale Bank Nig. Ltd, Platinum
The conference noted, that the unfolding scenes in the emerging smartcard
Nigeria clearly show, that the players are merely scratching the surface
of a potentially
large business opportunity that has the capacity to transform the entire
economy as well
as leapfrog Nigeria into the realm of the technologically developed
Statistics show that 5 years after the first scheme took off, 3 or 4 other
have been implemented. However with all this, we still have about 100,000
circulation. The challenge was summarised to form the theme of this year's
exhibition: "Optimising your E-Card business". This was with a view to
permanent solution to the problems, while taking advantage of the
prospects in the
emerging markets. The theme was deliberated and addressed under a 3-track
Track 1: Conference Session
The proceeding at conference was as follows:
- Welcome address by Haruna Jalo-Waziri, (SECTRUST)
- Keynote address by the Honourable Minister of Science and Technology-
Isoun (represented by Professor G.A Ajayi)
- Presentation by Prof.G. A.Ajayi (Director, National IT Development Agency,
FMST): National Policy Framework on IT
- Presentation by Dr J. P Merino (MD, Valucard Nig. Plc): Global Trends in
- Presentation by Mr David Smart (MD, Prism Holdings South Africa): Card
payment systems, Business issues for developing economies.
- Presentation by Mr Graham Bendell (Director, Smartcard society of South
Africa): Smartcards in South Africa; lessons for the rest of Africa.
- Presentation by Mr Louis Elozien (MD, STC-Elinex): Security for
Issues on Communication infrastructure.
- Presentation by Mr George Thorpe (Tequila Nig. Ltd): Smartcards in
Projections and facts.
- Presentation by Mr Brian Molagrean (MD, Prism TSS, South Africa):
Transaction Clearing and Settlement.
- Presentation by Dr. Kanyinsola Ajayi (SAN). (Principal partner, Olanihun
Co): Smartcards operation: Perspectives on banking regulations and
- Presentation by Mr Demola Aladekomo (MD, Chams Nig. Ltd.): Cards in
Nigeria: Trends and Prospects for the future.
- Presentation by Mr Alex Nwuba (MD, Gemcard Nig. Ltd): Opportunity for M-Commerce & E- Commerce in Nigeria.
Track 2: CEO (Chief Executive Officers) Visionary
The Summit was opened with a brief situation analysis by Dr Evans Woherem
FBN) who was the facilitator of the summit. The objective of the summit
was to have
CEO's of key organisations make their submissions on the way forward in
potentials of Smartcards in Nigeria. This was in the presence of a
who also had the opportunity to ask questions at the summit.
The following CEO's presented their views at the summit.
Dr J.P Merino ( MD, Valucard Nig. Plc )
Mr Demola Aladekomo ( MD, Chams )
Mr Alex Nwuba ( MD, Gemcard Nig. Plc )
Mr Louis Edozien ( MD, STC- Elinex )
Mr Chuks Onyebuchi ( MD, Cardbase Technologies )
Mr W.I Derikoma ( rep. MD Allstates Trust Bank )
Mr David Smart (MD, Prism TSS, South Africa )
Mr Brian Molagrean (MD, Prism TSS, SA )
Mr Graham Bendell (Director, Smartcard Society of South Africa )
Dr Evans Woherem ( ED, FBN ) - facilitator
Track 3: Exhibition
Seven companies participated in the exhibition by displaying modern and up
software and hardware that are relevant to the development of Smartcards
in Nigeria, as
well as card payment technologies and other card accessories.
The companies are:
- Chams Nig. Plc
- Bureaufax Technologies Ltd
- Comtel Nig. Ltd
- Insider, Lagos
Based on the theme of the programme ideas harnessed and papers presented
during the 2-day conference and the 3hrs 30mins summit, the following are a summary of
deliberations on issues thrown up as ways of optimising the e-card
business in Nigeria:
Government should seriously and urgently implement smartcards in area of
bills payment such as National ID, NEPA, Transportation driver's licence,
Management, Health care etc
Operators should pursue inter-operability and convergence of all existing
Scheme operators and brand owners should form partnerships with EFPOS
manufacturers and their local vendors by finding devices and making them
key areas of the economy.
Marketing emphasis should be "mass market approach" which ensures that
terminals are deployed not only to the "up-market merchant segments" i.e.
Park 'n' shop,
Mega Plaza, but more importantly, to the " lower end" of the market i.e.
Oyingbo, Ereko etc. This is one sure way of stimulating demand and usage
Nigeria is not just Lagos and Abuja, therefore banks and scheme operators
that EFPOS and smartcards touch the lives of every Nigerian sooner or
Possible off-shore loan syndication by brand owners with the guaranty of
CBN for the
purpose of finding the required number of terminals for this huge market.
Banks through their scheme operators and NIBSS, should immediately provide
switching infrastructure for a viable on-line, multi-bank, EFPOS
There is need to establish the Nigerian Smartcard Society as an
independent body to
promote the ideals and usage of smartcards.
The need for banks and operators to look at smartcard business from the
perspective of a
long-term cost-saving tool rather than a short-term profit-making venture.
This calls for
the need to charge a minimum service/transaction fee as an introductory
offer to attract
The conference ended with participants becoming more informed and equipped
handle the current and potential challenges ahead. "Smartcard Expo 2002"
slated for the 2nd quarter of next year.
JITE OLATUNBODE & CO
Company secretary / Legal advisers to Intermarc Consulting Limited.
Dated this 5th day of July 2001
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