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Is ICT Really the 2nd Largest Industry in Nigeria?
Thinking about all the industries in Nigera, from Oild and Gas to Transportation or Power Generation, would you agree with Mr. Patrick Obia, when he says that Information and Communication Technology is the second largest industry in Nigeria closely following the Oil and Gas industry?
This is the 2nd largest industry?Mr. Patrick Obia, Head, Marketing/Strategy Follytox NetSystems Limited, said ICT took the second position among other various industries because communication remained an essential and integral part of life.
Mr. Obia made these comments as Chairman of the Second Annual ICT Empowerment Workshop and Quiz Competition, 2009 for Secondary Schools in Lagos State, organised by Fresh Brain Komputers, as recorded by The Guardian, but its hard for me to believe.
Not when the World bank says that Sudan and Zimbabwe have higher Internet penetration than Nigeria.
Now there might be a 1.3 trillion Naira opportunity with Naija code, but that has to be less than the national agriculture output.
Or am I missing something?
What do you think? Can ICT really be the #2 industry in Nigeria?
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Nigeria's ICT industry
Nice piece, Wayan. My guess is that Nigeria's ICT industry is one of the fastest growing in Africa and probably the 2nd largest industry in Nigeria.
That said, I think Mr. Obia (cited in your post) must have been referring to the massive growth in telecommunications within the last 8 years. Today, there are about 70 million mobile subscribers with a penetration rate of 44.3%.
Telecom revenues increased by 29.9% to US$8.4 billion at the end of 2008 and expected to have surpassed US$12.0 billion in 2013. Source: http://allafrica.com/stories/200903160936.html
Again, you wrote: "Not when the World bank says that Sudan and Zimbabwe have higher Internet penetration than Nigeria."
The world bank statistics is not flawed. It is based on percentage of internet users of a country's population.
- Nigeria as a country of about 150 million people has 7.4% internet users penetration.
- Sudan with a population of about 40million has 10.2% internet users penetration.
See link: http://internetworldstats.com/stats1.htm
Clearly, Sudan has more internet penetration (not users) of its population than Nigeria. But Nigeria still maintains 2nd position in Africa, after Egypt.
My two cents.
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