Firm Urges Tech Adoption to Overhaul Public Finance 

The Group Managing Director of SystemSpecs Holdings Limited,  Dr. John Obaro has emphasized the critical role of digital transformation in enhancing local growth and  public sector governance.

At the Chartered Institute of Directors (CIoD)’s Annual Directors Conference in Lagos, recently,  the tech pundit underscored the need for organizations to embrace digital solutions to improve efficiency, transparency, and accountability. 

 He highlighted the transformative power of technology in streamlining processes, reducing costs, and improving service delivery.

“Digitalization is not merely a trend but a critical driver of accountability and operational excellence. By leveraging technology, we can improve service delivery, make data-driven decisions, and empower citizens to engage with governance more effectively, “he maintained. 

Obaro further cited the success of Nigeria’s Treasury Single Account (TSA) as a prime example of how digital technology can revolutionize public finance management.

“By consolidating multiple government accounts into a single platform, the TSA has significantly enhanced financial oversight and reduced leakages”, he stated. 

Citing the potential of AI to further accelerate growth, he encouraged organizations to experiment with its applications, beginning with smaller-scale projects and gradually scaling up.

 “The first thing is for people to get educated, and there are many free ways to gain a basic understanding of AI. For any organization, look for one of your business areas and test it out.”

Referencing the evolvement of SystemSpec,  Obaro added, “When we set out, our vision had always been to be a software institution of reference, which remains our driver. Increasingly, we are moving AI into our operations, and in the coming weeks, we will release an updated version of Remita with a lot of AI embedded in it.”