• Monday, June 17, 2024
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BusinessDay

Nigeria’s ICT sector grows by 8.6%, highest in 3yrs

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Nigeria’s Information and Communication Technology (ICT) sector in real terms grew by 8.6 percent (year-on-year) in the second quarter (Q2) of 2023, the highest in three years.

According to the new Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS), the sector contributed 19.54 percent in Q2, higher than 18.44 percent in the same quarter of 2022.

“This growth is a result of the number of digital literacy in the economy; many Nigerians have been empowered with digital knowledge, especially on broadband penetration,” Ajibola Olude, executive secretary of the Association of Telecommunication Companies of Nigeria (ATCON) said.

Read also: Nigeria’s oil GDP drops 9% in second quarter of 2023

“The industry has also increased its service in the rural area, this means that technology is gradually advancing to the low and untented environment in the economy,” he said.

Other experts said Nigeria has not done badly in technology if the success of the telecoms sector is anything to go by. But the argument has been that the country is still operating below its capacity, especially when smaller countries, including Rwanda, Botswana and Mauritius appear to be dictating the pace on the continent.

As such, unlocking the enormous potential of the country’s ICT sector, according to analysts, requires a major shift from the normal, the centre of which is the driver, now in the person of Bosun Tijani

Earlier this year, the Nigerian Communications Commission (NCC) the independent National Regulatory Authority for the telecommunications industry in Nigeria said the number of Nigerians without access to telecommunication services fell by 37.04 percent to 27 million in 2022.

Read also: Nigeria’s ICT sector grew by 9.76% in 2022

It noted that the number of identified clusters in the country without access to telecoms fell to 53.1 percent as of the end of the year.

“We have worked tirelessly to ensure we bring telecom services to people living in rural, unserved, and underserved areas of this country, totaling 37 million people courtesy of the consultancy that was conducted in 2013,” Umar Danbatta, executive vice chairman and Chief Executive Officer of NCC said.

“By 2022, we have reduced the clusters of access gaps to 97 from 207 in 2013. The number of Nigerians again has come down from 37 million in 2013 to 27 million as we speak,” he added.

On his part, Chris Uwaje, the chairman, Mobile Software Nigeria said available records showed that the nation’s ICT ecosystem is still under-performing below global expectations of her endowed creative capabilities and innovative capability.

He said the above is worthy of note within the context of the need to ensure that the nation focuses on its core- competencies in pursuit of its objectives to attain the digital promise.

“And above all, that software is the central pillar of the nation’s digital innovation and core commerce. This fact remains indisputable. But Software Nigeria is still at a crawling stage. Alarmingly Nigeria is yet to establish a specialised Software Engineering Institute (SEI), which represents the backbone of digital innovation and transformation,” Uwaje said.