IT start-ups con­trib­ute $101m to Nige­ria’s econ­omy in Q3 - NITDA

Daily Trust - - BUSINESS - By Zakariyya Adaramola

Over $101 mil­lion was con­trib­uted to the Nige­rian econ­omy in the third quar­ter of 2018 by In­for­ma­tion Tech­nol­ogy (IT) start-ups in the coun­try.

The Di­rec­tor Gen­eral of the Na­tional In­for­ma­tion Tech­nol­ogy Devel­op­ment Agency (NITDA), Dr. Isa Ali Ibrahim Pan­tami, dis­closed this dur­ing the “Start-ups Fri­day” pro­gramme in Abuja.

Dr. Pan­tami, who said this achieve­ment was un­prece­dented in the his­tory of the ICT sec­tor in the coun­try, added that more amaz­ing per­for­mances were ex­pected in the sec­tor in com­ing years..

He said in the sec­ond quar­ter of 2018, ICT con­trib­uted 13.63 per cent to the na­tion’s Gross Do­mes­tic Prod­uct (GDP), and that this would likely in­crease in the third and fourth quar­ters.

he said, “With the lit­tle ef­fort we have put in place, a lot has been achieved in the ICT sec­tor to­day. In the case of our ICT start-ups, within the first quar­ter of 2018, start-ups gen­er­ated $9m, in the sec­ond quar­ter, they gen­er­ated $57m, and re­cently in the third quar­ter, they gen­er­ated $35m.

“This is only within 2018. This achieve­ment is un­prece­dented in the his­tory of the ICT sec­tor in Nige­ria.”

The NITDA boss fur­ther dis­closed that pa­tron­age of lo­cal IT con­tent had sig­nif­i­cantly in­creased as a re­sult of strict en­force­ment of poli­cies in the sec­tor.

He pointed out that in 2013, over 82,000 ICT fa­cil­i­ties of the lo­cal con­tent were pur­chased, adding that in 2014 and 2015, 92,000 fa­cil­i­ties of hard­ware were pur­chased, while in 2016, he said 150,000 fa­cil­i­ties were pur­chased and in 2017, the pur­chase lo­cal con­tent rose 300,750.

He at­trib­uted the en­force­ment of IT pol­icy as be­ing re­spon­si­ble for the quantum leap in the sales of Nige­ria’s lo­cal con­tent, par­tic­u­larly the hard­ware com­po­nent.

Speak­ing on the event, he said “We called this event ‘Start-up Fri­day’ but we are mov­ing from one geo-po­lit­i­cal zone to the other; we did one each in the North West, South West, North East and South South and this is Abuja, North Cen­tral, and from here we will be mov­ing to the South East.

“The wis­dom be­hind this is to iden­tify our young in­no­va­tors who have po­ten­tials and see how they can be sup­ported to achieve their dreams.” of to

NITDA DG, Dr Isa Ali Ibrahim Pan­tami

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