BOI Expresses Confidence in Imose Technologies’ Laptops, Smart Devices
Emma Okonji
Bank of Industry (BOI) has expressed confidence in the quality of digital products that are produced from the Lagos factory of Imose Technologies.
This is as the bank assured the Lagos-based local manufacturer of Imose Zedon X-Pro laptops, mobile phones and tablets, of its support to boost the local manufacturing of Imose brands of laptops, tablets and mobile phones in Nigeria.
The support is in line with the Executive Order 003 of the federal government that seeks to promote local manufacturing and local content development in Nigeria.
The Managing Director/ Chief Executive Officer of the Bank of Industry, Dr. Olasupo Olusi, gave the assurance on Tuesday, when he led a team from BOI on facility inspection tour of Imose Technologies assembly factory in Lekki, Lagos.
In line with its six thematic areas for economic growth and development impact namely, SMEs, youth and skills, digital economy, infrastructure, climate and gender, the BOI provided N2 billion loan facility to Imose Technologies in 2023 to expand its operations. The facility tour was therefore aimed at reviewing the organisation’s progress since receiving the facility last year.
“I want to assure you that BOI is committed to standing side by side with Imose Technologies to ensure that the company’s value chain is further developed. We believe that it is by developing the value chain that we can also contribute to your own growth and also job creation in this country. So, I look forward to seeing the great factory shop where you produce all these fantastic devices,” Olusi said on arrival for the facility tour. He expressed happiness that Imose Technologies currently has over 250 distributors across the country, adding that such milestone shows that the company has very strong support for medium and small businesses, which he said was a major and most significant part of the mandate given to BOI to establish.
“This is one of the institutions that BOI loves to support. We’ve been supporting them through loan facilities and it’s great to see their trajectory of growth and development over the last 10 years, which is amazing. BOI will patronise their products, boost local content development and see to the growth of the technology company,” Olusi further said.
In his opening remarks, the Chairman and Founder, Imose Technologies, Mr. Osayi Izedonmwen appreciated the BOI for its support and stated that the facility from BOI had fuelled the company’s growth.
“Our staff strength has grown from less than 100 to over 200, 48 per cent of which are women, and that is in line with the BOI thematic areas. We are also focused on providing products that support education. Today, Imose Technologies is the largest local manufacturer of educational tablets and laptops which compete favourably with international brands.
“In addition, we have built a wide distribution network and several service centres across the country to stay close to our customers and provide warranty support and after-sales service; that is why we are on track to produce and sell over 500,000 devices within the next calendar year,” Izedonmwen said.
In his response, Olusi described Imose Technologies as a great Nigerian story which the BOI is very proud to be associated with.
“Imose Technologies is the Nigerian dream. I am fascinated by its story of success, resilience and focus on impact.
“Female employment, digital technology and transformation, a wide distribution network that shows strong support for MSMEs, and a focus on youth development through education check four of the six thematic areas of the BOI. This shows that we are in alignment,” the BOI boss said.
Imose Technologies commenced operation a decade ago with its flagship IM-10 Desktop GSM Phone. After two years, it expanded its product line to include the Omotab, an educational tablet for children which has now become a market leader in the educational tablet space. The company’s products have further expanded and now include Swag 1s Pro, Waka 1s Pro, Sabi+, Padi II, MyGee and MyGee+, feature phones, Bam III and Sempe smartphones, Omotab 2 and Omotab educational tablets, Opor and X3 tablets, M022 MiFi, R0516 Router, IM-10i and IM-10D Pro desktop phones.
In 2023, the indigenous technology company opened its first assembly factory at the Benin Technical College in Edo State. With the BOI’s intervention, the second factory was opened in Lagos at the beginning of 2024. Both assembly factories can produce up to 1 million smart devices and laptops annually.
Imose Technologies is also certified by the National Information Technology Development Agency (NITDA) as an Original Equipment Manufacturer (OEM) licensed to design, develop, manufacture, assemble, and sell smart devices and laptops in Nigeria.
