The information and communication technology (ICT) sector is looking to further expand its reach across the region, with the giant Saudi market firmly in its sights -- though there have been suggestions that the congested domestic industry needs to consolidate to better equip it for overseas conquest.
With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
The expansion of Nigeria’s international fibre-optic capacity is easing long-standing constraints on high-speed internet connectivity, which in turn is attracting the attention of global cloud computing service providers eager to gain a foothold in one of Africa’s most promising markets. Disaster recovery services, remote back-ups and the provision...
Telecoms equipment and infrastructure suppliers are in high demand across the country. Having attracted international firms from India, the UAE and South Africa to invest in GSM licences, the state is encouraging Chinese and other international firms to invest in Nigeria in an attempt to address the current shortfall in terrestrial telecoms...
With a large population that avidly seeks out the latest technologies and a mobile market that now has close to 100m active subscribers, the telecoms sector has had little difficulty attracting foreign interest and investment. The mobile segment, which remains the sector’s main driver for growth, has four GSM operators, the majority of which are...
Transforming Nigeria into a knowledge-based economy is the centre of the government’s policy on information and communications technology (ICT). There is much optimism about the sector’s ability to drive socioeconomic change in the country and growth across economic sectors, but how to achieve this and where to direct the state’s efforts and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×