Business
Epileptic Power Hampers Computer Hardware Production – Expert
An Information Technol
ogy Consultant, Mr Roland Omoresemi, says the epileptic power supply situation in Nigeria poses a major challenge to production of computer hardware.
Omoresemi told newsmen in Lagos on Thursday that the power supply situation in the country would not encourage the growth and progress of the computer hardware production industry.
“The hardware sector covers a broad spectrum of products and activities ranging from the development of advanced semiconductor devices to the testing and building of large networking solutions.
“To ensure proper and effective production of computer hardware, the power supply situation must necessarily improve,’’ he said.
Omoresemi urged government to improve quality of power supply to advance the production of computer hardware in the country.
He noted that development of computer hardware would go a long way in preventing the influx of imported computers into the country.
Omoresemi, who is also the Chief Executive Officer (CEO), Tezza Business Solution Ltd., an IT firm, added that another challenge for the industry was infrastructure.
“The economy is developed enough to handle the software industry but still has not developed sufficient capability for hardware production.’’
The consultant noted that the country had advanced in software production.
He commended the National Information Technology Development Agency (NITDA) for establishing a software laboratory, saying the laboratory would have a multiplier effect on employment.
Omoresemi said that the laboratory would also provide opportunities to create wealth.
The consultant, who is in charge of the NITDA software testing laboratory, said there was no marked improvement in ICT development in 2015.
He attributed the lack of change in ICT development in the country in 2015 to the recent transition in government, saying with the new administration, there would be new policies and programmes.
The Tide gathered that NITDA inaugurated the software testing laboratory on Aug. 11 for training software testers and software quality assurance.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.