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Top Earners in the Nigerian Software Industry - Programming - Nairaland

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Top Earners in the Nigerian Software Industry by c0dec(m): 9:33am On Dec 13, 2005
Nigeria's Top Software Earners

NUMBER - COMPANY - CEO - INDUSTRY EXPERIENCE - TURNOVER (Naira' Millions)
1 Computer Warehouse - Austin Okere - 18 - 498.2
2 SystemSpecs - John Obaro - 20 - 450
3 Socket Works - Alloy Chife - 15 - 260
4 Infosoft - Pius Okigbo Jnr. - 14 - 250
5 Infographics - Chinenye Mba-Uzoukwu - 14 - 250
6 Progenics - Anthony Udoh - 20 - 218
7 Connect Tech. - Chris Uwaje - 30 - 200
8 CSA - Simeon Agu - 34 - 200
9 Sasware Ltd. - Adanma Ounegbu - 8 - 200
10 Signal Alliance Group - Collins Onuegbu - 16 - 200
11 Gen. Computers - Debola Ogunsina - 20 - 150
12 Innovative Systems - Ernest Aghanenu - 26 - 115
13 Allied Soft Ltd. - Chuma Ofoche - 9 - 114
14 Peers Consulting - Kole Jagun - 17 - 80
15 Labyet Polaris - Olaide Ayodele - 11 - 75
16 Precise Fin. Sys. - Yele Okeremi - 17 - 65
17 Condata Systems - Chris Nwannenna - 25 - 40
18 BSSL - James Emadoye - 20 - 30.5
19 Para Systems - Paul Nwagbraocha - 14 - 27
20 Magbel Technology - Atanmi Lekan - 16 - 15.2
21 E-Tranzact - Valentine Obi - 14 - 12
22 Odusoft Consult - Sola Odukoya - 17 - 12
23 Programos Amos - Emmanuel - 20 - 10
24 IE Tech - Efe Emore - 14 - 10
25 Pocket Intelligence - Tunji Durodola - 25 - 8.2
26 Qrios - Mosh Adetoro - 6 - 8
27 Icap - Chike Uwangwu - 11 - 7.5
28 Websoft - Johnson Dunmoye - 6 - 6
29 Globenet Tech. - Peter Arabome - 9 - 5
30 E-Softies - Nweike Onwuyali - 15 - 2.5
31 Ectel Systems - Gboyega Odumuyiwa - 3
Re: Top Earners in the Nigerian Software Industry by layi(m): 10:28am On Dec 13, 2005
Bigtime software pirates make more than that.

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Re: Top Earners in the Nigerian Software Industry by Seun(m): 12:25pm On Dec 13, 2005
What's your source, please?

Nice list. In the past, I would have liked to beat all of those software companies. I'm proud to say I once had the opportunity to chat with Mr. John Obaro of Systemspecs (second company in the list) about what it takes for a developer to succeed in the Nigerian software business.

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Re: Top Earners in the Nigerian Software Industry by c0dec(m): 1:32pm On Dec 13, 2005
Seun:

What's your source, please?

Nice list. In the past, I would have liked to beat all of those software companies. I'm proud to say I once had the opportunity to chat with Mr. John Obaro of Systemspecs (second company in the list) about what it takes for a developer to succeed in the Nigerian software business.

it was in a newsletter i got from http://www.techtimesnews.net/. i can't ever remember when i subscribed to them.

so what did mr. obaro say?
Re: Top Earners in the Nigerian Software Industry by layi(m): 1:45pm On Dec 13, 2005
The easiest way to make it big is To initially work solo. Develop softwares with no ready alternative (do your research well) and then sell the source codes to multiple companies.
I sold a hospital software i developed to 3 private hospitals ealier in d yr for 150K each
Re: Top Earners in the Nigerian Software Industry by demmy(m): 2:25pm On Dec 13, 2005
How many on that list are actually writing their own software? computer warehouse I know are just some big time computer dealers. correct me if i'm wrong.
Re: Top Earners in the Nigerian Software Industry by c0dec(m): 2:56pm On Dec 13, 2005
demmy:

How many on that list are actually writing their own software? computer warehouse I know are just some big time computer dealers. correct me if i'm wrong.

i no know oh, i'm only sure of socket works and CSA. but i know computer warehouse has a subsidiary company called "Expert Edge" that develops software - so i heard.
Re: Top Earners in the Nigerian Software Industry by Seun(m): 7:02pm On Dec 13, 2005
c0dec: so what did mr. obaro say?

He said that there's it takes much more than just zeal and intelligence to succeed, so I should go back to OAU-Ife, then come to Systemspecs for internship and Youth service to learn how it's really done. (he was right, but fortunately I'm now in the less challenging field of webmastering where my background as a software developer happens to be useful)
Re: Top Earners in the Nigerian Software Industry by Afam(m): 6:31pm On Dec 21, 2005
Nice list. But where are these products if I may ask?

Do they program from scratch or just repackage someone else's products?

Use uses these softwares that generates all the money stated?

Apart from banks that concentrate on about 2 or 3 major softwares I am yet to see a specific industry where software is in high demand.

I need to learn more, so anyone with more information on these questions should please help me out.

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Re: Top Earners in the Nigerian Software Industry by Ralex(m): 10:35pm On Dec 21, 2005
There are untapped resources here in nigeria believe me.... Give me two or three years you would add my company to the top of that list. Software is a big thing its use is so diverse that there is no limit to its use.

Expert Edge is a good company but i think they mainly resell .... Take Finacle used by most banks including UBA (STB), First Bank. It was indian produced and is being resold here.

As a just graduated student I made income in school programming for people. Programming skills is important but there are some other thing we as programmers need to learn (The only secret I would share here) . . . . we should spend a 6months to 1year learning it.

Seun, your site is fine. I have never had so much fun from a site in one day. Which advise did that number 2 man in the list share with you ?
Re: Top Earners in the Nigerian Software Industry by demmy(m): 11:25pm On Dec 22, 2005
There is a study by Prof. Abimbola Soriyan et al. titled A Profile of Nigeria's Software Industry(PDF). It should be good reading for anyone interested.

A typical software company (in Nigeria) had between 11 and 50 customers (the average was 36 though a few firms involved with package installation had several thousand). There was a strong concentration among these customers. Almost all were private sector, with 84% drawn from the service sector (transportation, financial services, IT and other business services), 4% from the infrastructural sector (mining, oil, construction, electricity, gas, water supply, etc), 4% from manufacturing (production of food, textiles, machinery, etc), 1% from agriculture, and the remainder drawn from other sectors. There was a surprising lack of government/public sector organisations as customers (reflected above in the limited number of firms found in Abuja, where federal ministries and several other public sector organisations are headquartered).
Re: Top Earners in the Nigerian Software Industry by timmy(m): 7:24pm On Dec 24, 2005
i actually met with the E-Softies guy one on one (- Nweike Onwuyali) and he asked to partner me on some helpdesk project but i stylishly turned him down, but seeing his company/name in the top thirty list....man im calling him right away grin..
bye the way w-bout tavia tech.. i taut the had it going on well for them to from my personal rating the should be in top 20..

well i think in some months time i should easily make the top 40 list.. tongue
Re: Top Earners in the Nigerian Software Industry by grafikdon: 12:22am On Jan 05, 2006
Kinda lost here, what software industry? You mean the marketers of pirated softare? I need a little education on this 'cause i am completely lost.
Re: Top Earners in the Nigerian Software Industry by layi(m): 1:27pm On Jan 05, 2006

well i think in some months time i should easily make the top 40 list.. 
Then i'll also call u right away. cheesy
Re: Top Earners in the Nigerian Software Industry by timmy(m): 1:31pm On Jan 05, 2006
ill be glad to recieve your call grin
Re: Top Earners in the Nigerian Software Industry by IAH(f): 10:37pm On Jan 05, 2006
grafikdon:

Kinda lost here, what software industry? You mean the marketers of pirated softare? I need a little education on this 'cause i am completely lost.

I'm wondering too. I don't know any software made by Nigerians. Maybe those customised accounting softwares for banks.
Re: Top Earners in the Nigerian Software Industry by c0dec(m): 11:11pm On Jan 05, 2006
IAH:

Maybe those customised accounting softwares for banks.

precisely. and also for other organisations too (including govt, schools, )
Re: Top Earners in the Nigerian Software Industry by Seun(m): 12:17am On Jan 07, 2006
Systemspecs produces a human resource management program known as Human Manager.
Re: Top Earners in the Nigerian Software Industry by Maradona(m): 10:39am On Jan 07, 2006
Seun:

Systemspecs produces a human resource management program known as Human Manager.

@Seun

I work as developer for a construction company and there are some applications that I developed for the Human Resources Department during the last 2 years.

How can I contact Systemspecs to show them some of the work I did?  wink
Re: Top Earners in the Nigerian Software Industry by roundy: 1:13pm On Jan 16, 2006
Maradona:

@Seun

I work as developer for a construction company and there are some applications that I developed for the Human Resources Department during the last 2 years.

How can I contact Systemspecs to show them some of the work I did? wink

Maradona,
AM Familar with The Human Manager for Pay Roll and others and I know System Spec very well. If I may ask what kinda H.R Software do you have and to what extent do you think it may be useful to System Spec.

I work for Travelex as one of their IT Managers I can Help with your request.
Re: Top Earners in the Nigerian Software Industry by kzone: 8:25pm On Jan 20, 2006
hi just registered with the site today, and i'm keen on learning programming
but so far the best of the pak of software company dont seem to be making it big
- is programming lucrative for a nigerian. ?
the bla about web designing sucks , cuz complexity is manly hence , i prefer to learn coding "real" software
but , is it worth it . i read accounting in the university . not as interesting as coding. undecided
Re: Top Earners in the Nigerian Software Industry by Seun(m): 8:08am On Jan 22, 2006
Re: Top Earners in the Nigerian Software Industry by qleyo(f): 12:25pm On Mar 21, 2006
Ewww, none of their sites interest me. Tacky tacky and more well tacky,

On another note, are they any ad agencies in Nigeria,
Re: Top Earners in the Nigerian Software Industry by timmy(m): 1:59pm On Mar 30, 2006
ALot
Re: Top Earners in the Nigerian Software Industry by pojutime(m): 4:40pm On Mar 30, 2006
Guys, I am not being tribalistic, but i noticed that the top guys on the list are of the Igbo extraction. And they are also the majority on the list.

Cheers
Re: Top Earners in the Nigerian Software Industry by Ynot(m): 6:50pm On Mar 30, 2006
The Igbos rocks ~ thats why.
Re: Top Earners in the Nigerian Software Industry by Seun(m): 1:49am On Mar 31, 2006
You're being tribalistic. Why?
Re: Top Earners in the Nigerian Software Industry by pojutime(m): 12:49pm On Mar 31, 2006
maybe its just a coincidence
Re: Top Earners in the Nigerian Software Industry by Blue2(m): 6:46pm On Apr 08, 2006
Why must we always stir tribal sentiments in everything. I'm sure if the guys were of d same tribal group as d guy who raised the issue he wouldn't have brought it up! Come on my guy let's not restrict our thinking 2 dat of a frog in a well!
Re: Top Earners in the Nigerian Software Industry by kellorah: 5:04pm On Jul 10, 2006
wow, dats gd
Re: Top Earners in the Nigerian Software Industry by onydchic(f): 5:32am On Jul 11, 2006
yes, actually i'm sure of 3 of those companies, they make really good customized software solutions from scratch for companies, that's probably why no.one's really heard of their products.
Re: Top Earners in the Nigerian Software Industry by Viper(m): 11:40am On Jul 11, 2006
Only ETRANZACT AND SYSTEMSPECS I CAN TESTIFY THAT THEY WROTE THE SOFTWARES THEY HAVE FROM GROUND-UP IN NIGERIA BY NIGERIANS BECAUSE I KNOW THEM PERSONALLY.
The rest, all "buy and customize" people.
You guys should watch out for ETRANZACT I HEARD THEY ARE GOING PLACES.

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