INFORMATION COMMUNICATION TECHNOLOGY (ICT)

The ECONOMIC RECOVERY & GROWTH PLAN (ERGP) of the Federal Government of Nigeria recognises the strategic role of the Information Communication sector in driving and expanding national production frontiers across all sectors of the economy. The Information Communications Technology (ICT) Sector is the arrow-head for weaning Nigeria off oil & gas and consequently, diversifying the economy.

The Sector will create opportunities in the economy for wealth and employment as well as revenue generation to deliver on its mandates. It is expected that with all these in place, Nigeria will become a regional hub for ICT innovation & development while safeguarding the Intellectual Capital and Property Rights as critical to national security and development.

In the last fifteen years an Information Communications Technology (ICT) revolution has occurred in Nigeria. Spurred by technology and enabled by a policy of deregulation, ICT’s accounted for 9. 8% of GDP in 2014 up from 0. 6% in 2001. Key performance indicators are evident in the US$ 32 billion of Foreign Direct Investments (FDI) made by Telco’s, service providers and others, from 2001 to date, The Sector now employs several millions of Nigerians and expatriates.

A Sector that has 152 million active telephone lines, which are more subscribers than the United Kingdom, as well as 97 million connections to the internet, Nigeria now has 107 per cent tele density. Nigeria now boasts over 30,000 base stations, and 11 terabytes of data landing on Nigeria’s shores through 5 submarine cables
The country targets to attract more investments in the information communication technology (ICT) sector as the country aims to become an ICT hub of Africa.