BOI Describes Imose Technologies as a Great Nigerian Story

The Managing Director/ Chief Executive Officer of the Bank of Industry (BOI), Dr
Olasupo Olusi, has described Imose Technologies as a great Nigerian story which
the BOI is very proud to be associated with. He stated this during a visit to Imose
Technologies’ assembly factory in Lekki, Lagos.
“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,” he said.
He further expressed delight in the Imose Zedon X-Pro laptops, mobile phones, and
tablets produced in Nigeria by Imose Technologies.
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 a N 2 billion loan facility to Imose Technologies in 2023 to expand
its operations. The visit aimed to review the organisation’s progress since receiving
the facility.
During the visit, 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% 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,” he 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. 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.