SecureID Opens SIM Card Plant, Backs Economic Diversification


SecureID Limited, which provides services to the banking, public, private and telecoms sectors has commissioned a SIM Card manufacturing line for the telecoms sector. The project, it said, was in line with its continuous support for federal government’s economy diversification agenda.

It said the commissioning falls in line with President Muhammadu Buhari’s strategic mandate to diversify the nation’s economy by exploiting the vast potentials that lies untapped in the non-oil sector.

SecureID Limited said the SIM Card line commissioning signals a major achievement in the domestication of strategic inputs in the nation’s telecommunications sector.

“SecureID SIM Card Manufacturing Lines’ commissioning and its strategic location in Lagos, portends great opportunities for local manufacturing such as vast export potential, significant curtailment of foreign exchange outflows, in addition to higher level job creation and in-country technology and know-how transfer,” it said in a statement.

Managing Director/CEO, SecureID Limited, Mrs. Kofo Akinkugbe, noted that “this facility is the result of a bold vision and absolute confidence in the underlying strength and strategic importance of the Nigerian economy and resonates as a pivotal strategy for growth of the nation’s Telecoms industry especially in the area of Local manufacturing of SIM cards.”

She said the SecureID SIM manufacturing Line represents a source of national pride and will greatly help in the preservation of foreign exchange in the Telecoms sector (GSM) and provide proximate location for the numerous Telecoms companies in the country to locally source SIM Cards with exact high quality, global standards and competitive pricing.

“Since inception in 2005, SecureID with great support from the Bank of Industry (BOI), has developed vast experience and deployed various digital solutions for the banking sector, public sector, Special ID projects and now, telecoms. Its world class plant located in the heart of Lagos, is fully certified by the requisite global industry organisations, including EMV, Payment Card Industry Data Security Standard (PCI DSS), ISO 9001:2008, underscoring our adherence to global standards. SecureID is fully equipped and well positioned to provide and deliver smooth end-to-end card roll-out services. The plant currently has an installed capacity for producing 200 million cards per annum with scope for future expansions,” she said.

As Winners of the prestigious 2012 African Leadership Network’s Most Outstanding Mature Business in Africa, it is equally noteworthy to state that this remarkable feat, is in line with SecureID’s many other firsts and milestones which includes first to be certified in West Africa by VISA International and MasterCard for data preparation, card milling and chip embedding in addition to card personalisation services.