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Call for proposal

19 April 2021

SEC Nigeria ICT Transformation – Development of ICT Transformation Strategy

Closing date

10.05.2021 12:00 pm

Following an Institutional Capacity Assessment undertaken on the Securities and Exchange Commission Nigeria (SEC Nigeria) in 2019, we are supporting the development of an Information Communication and Technology (ICT) Transformation Strategy for the Commission. 

Information and Communication Technology (ICT) plays a critical role in securities market supervision and development – both internally and externally facing. A properly functioning ICT can improve efficiency and reduce regulatory costs to market intermediaries, issuers and investors, particularly in the approval processes and filings. It can also support the regulator in supervising the conduct of business. 

The ICT transformation is expected to address the foundational issues related to SEC Nigeria ICT systems and technology readiness and capacity such as governance & Management, ICT Architecture & Systems, Information Security and Business Continuity amongst others. The transformation is expected to conform to international best practice and position SEC Nigeria as a modern technologically driven regulator that harnesses technology to deliver optimum services while also enabling market stakeholders to deliver better market performance for investors and issuers. 

The main objective of the exercise is to work closely with SEC Nigeria and the Digital Transformation Resident Advisor to develop a digital transformation strategy that will provide clear roadmap for improvement of the regulatory capacity of SEC through modernization and transformation of its ICT systems and infrastructure. 

We are inviting proposals from suitably qualified consultants/consultancy firms. Please download the full TOR document for more information on the specific objectives and information on how to apply.

Proposals, which should not exceed 10 pages (excluding annexures), should be sent by email to by 1200 EAT on 10 May 2021. 

Questions or comments in respect of these terms of reference should be directed by email to and be received no later than 1200 EAT on 26 April 2021. Responses and clarifications will be provided by 1700hrs EAT on 28 April 2021 through the same advertisement channels.