Venture development and technology firm, L5Lab has announced its partnership with the Presidential Enabling Business Environment Council (PEBEC). The collaboration is for the first edition of #PEBECHack, an initiative of the Nigerian government that aims to keep MDAs accountable using technology.
In a statement released to BusinessDay, L5Lab noted that the initiative was in line with its vision to bring African businesses and economies at par with the world’s best.
Speaking on the partnership, Acting President Yemi Osinbajo, who also chairs the board of PEBEC, stated that #PEBECHack is, “bringing together techies in a hackathon to develop a solution for tracking reforms and getting public feedback and for enabling public to complain directly about government agencies that are making doing business in Nigeria difficult.”
As part of its role, L5Lab will be providing a prize money of N1 million for the first prize winner. The second and third placed winners will go home with N300, 000 and N200, 000 respectively.
Winners will also be provided with mentorship and technology support by L5 Lab senior developers. The support and mentorship will ensure that the winning solution is upgraded to a world class standard suitable for government and public needs.
“We are excited about opportunity for the Nigerian software development community to show what we know they can do by producing really creative solutions that can help us really hold government accountable to serve us,” said Chika Nwobi, L5Lab founder.
For Joseph Abah, chief technology officer, L5Lab, the initiative would help to reveal the “powerful” capabilities of the Nigerian youths and help government see why they are a key component to fighting the war against corruption.
“#PEBECHack will bring together various teams to compete for the development of a tool that will promote accountability, performance tracking and transparency among key ministries, departments and agencies (MDAs), crucial to the success of Nigeria’s Ease of Doing Business reforms,” according to a statement from PEBEC.
