The Nigerian information, communication and technology (ICT) sector is a fast emerging sector which has seen rapid growth since early 1990’s and information technology is a recent phenomenon in Nigeria (Ogunsola & Aboyade, 2005). However, the telecommunications arm of the sector dates back to 1923 with the first trunk of telephone service (Ofulue, 1980). Prior to 1992, the legal framework guiding the telecommunications and broadcasting in Nigeria was the promulgated Wireless Telegraph Act (WTA) by the British colonial government in 1935 (Odufuwa, 2012). Beginning from the 1950s the telecommunication sector began to see some substantial expansion as the Nigeria strive to enhance the telecommunications quality and services . In 1984, …show more content…
Also, there is now wide ICT deployment in both the public and the private sectors though a lot of growth is expected in the forseeable future. The deployment of ICT has contributed largely to the rapid development of other sectors of the country’s economy and had been a backbone specifically in the growth witness in the financial service and telecommunication sectors whereby the have become more innovative in the products and services. Whereby, the ICT sector has seen the fastest sectoral growth of the Nigerian economy with average CAGR growth of 35% in the past decade (NBS). ICT sector contributed 5.46% to the country’s Gross Domestic Product (GDP) in 2011 while private investment in the sector increased from US$50 million in 1999, to US$18.0 billion, in 2009, and $25 billion in 2010 respectively (Ministry Of Communication Technology, 2012) . With the amendment of the new information and communication law in 1992, the restrict and prohibition of any form of non state services and licensed were removed and rights to use services and frequencies for point-to-point communication. The 1992 policy deregulation changed the face of ICT in Nigeria at a time when computer usage was becoming popular. This policy liberalisation also removed the control of the sector from the government ministries to two new
Development in Nigeria: A Political and Economic Challenge ... (n.d.). Retrieved January 23, 2017, from http://www.bing.com/ McQuail, D. (2005). McQuail's mass communication theory. London: Sage Publications
An important part of the transformation of the African markets into more productive and effective systems is the upgrading of technology throughout the economy. In addition to serving as a mechanism through which to promote productivity, gains in technology will allow the African economy to engage in more “sophisticated economic activities” like a more robust financial services industry and increase banking levels throughout the
The logical conclusion of technological innovations is the digital age we are experiencing today. The rapid developments in the field of information systems and telecommunications have led to the prevalence of the Internet. The development and upgrading of commercial activity is influenced by the internet, which is now an integral part of the communication activity of businesses and individual users.
Faye, M. (2000). Developing national information and communication infrastructure (NICI) policies and plans in Africa. Paper presented at the Nigeria NICI Workshop,Abuja, Nigeria, 28–30 March.
Lack of access to ICT goods and services poses social and economic disadvantages. More and more, developing countries are recognizing that they cannot compete in the new global market unless they take advantage of the ICT revolution. Countries that do not undertake measures to enhance their ICT infrastructure risk not just being marginalized but also being completely bypassed in the new global order. The idea that some information and communication technologies are vital to quality civic life is not new. Some suggest that the Internet and other ICTs are somehow transforming society, improving our mutual understanding, eliminating power differentials, realizing a truly free and democratic world society, and other benefits.
Telecommunication Regulation (2000): this act is one of the most important act for this business as it
The rise of mobile technology in Africa has become one of the most revolutionary steps in the recent technological growth. Many people are now using smartphones and other handheld devices. Major communication companies like Safaricom and Telkom Kenya are providing a stable connection to the internet.
Internet was being used as a new medium of doing business. It helped in growth in the trading business
Development in Nigeria: A Political and Economic Challenge ... (n.d.). Retrieved January 23, 2017, from http://www.bing.com/ McQuail, D. (2005). McQuail's mass communication theory. London: Sage Publications
ICTs, Africa and you: How do you see the development of the sector in the last 5 years?
Also, the new economy result by improve the information and communications technology (ICT) which make
The rapid growth in technology which ushered in the information age has become the basis for defining power in the modern societies. It is a widely accepted fact that no modern economy can thrive without an integral information technology and telecommunications infrastructure on board.
The technology sector has been spreading its global footprint very rapidly after the year 2000. The major sector in the technology arena which has been contributed potentially to the growth and transfer of technology is the telecom sector. Taking the telecom sector as a key player in the growth of technology and broadband, the impact has been immense not only
ICT has a vital role in the development of the economic growth of the country. As it has a significant contribution in the Gross Domestic Product of Tunisia (GDP).
Information Communications Technologies (hereafter referred to as ICTs) have played an invaluable role in empowering women in Africa to enter into the business domain, specifically within the rural, informal business context. However, it is also true that there are many challenges facing African women with regards to the use of ICTs in business enterprises.