FG sees future growth in ICT sec­tor

Daily Trust - - BUSINESS - Ke­hinde Olu­fowobi, La­gos

The Fed­eral Gov­ern­ment yes­ter­day said it is will­ing to drive the na­tion’s so­cio-eco­nomic de­vel­op­ment through op­por­tu­ni­ties in the telecom­mu­ni­ca­tions and In­for­ma­tion Com­mu­ni­ca­tion Tech­nol­ogy (ICT) sec­tors.

Min­is­ter of Com­mu­ni­ca­tions , Bar­ris­ter Ade­bayo Shittu, who dis­closed this at the open­ing cer­e­mony of ICTEL EXPO 2016 or­gan­ised by La­gos Cham­ber of Com­merce and In­dus­try( LCCI) in La­gos, said the de­vel­op­ment was nec­es­sary due to the dwin­dling rev­enue from oil and gas sec­tor.

He said Nige­ria stands to gain a lot from lev­er­ag­ing on op­por­tu­ni­ties in the ICT sec­tor to boost the eco­nomic for­tunes of the coun­try.

He added that the role of mo­bile ser­vices in de­liv­er­ing eco­nomic and so­cial im­pacts in Nige­ria is widely recog­nised.

“Mo­bile tele­phone has en­abled growth strate­gies by de­liv­er­ing wide- rang­ing ben­e­fits to the Nige­rian econ­omy and so­ci­ety,” he said.

Speak­ing , Pres­i­dent of La­gos Cham­ber of Com­merce and In­dus­try (LCCI) , Mrs Nike Akande said that In­for­ma­tion Com­mu­ni­ca­tion Tech­nol­ogy (ICT) has be­come the back­bone of Nige­ria’s econ­omy, adding that its ben­e­fits could not be overem­pha­sized now that Nige­ria econ­omy is in dire need of di­ver­si­fi­ca­tion.

“ICT is strate­gic in driv­ing pro­duc­tiv­ity and ef­fi­ciency in all sec­tors of the econ­omy. To­day, all sec­tors of Nige­ria econ­omy are lev­er­ag­ing on ICT. This is ev­i­dent in fi­nan­cial ser­vices sec­tor where elec­tronic bank­ing is now in vogue, the agri­cul­tural sec­tor where gov­ern­ment now al­lo­cate fer­til­izer to farm­ers through mo­bile phones ,” she added.

She noted that Nige­ria has wit­nessed a phe­nom­e­non growth in its ICT sec­tor over the past one and a half years, but there is still enor­mous po­ten­tial yet to be tapped.

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