" ITREALMS: IT industry doubles contribution to GDP – Peter Jack

Wednesday, October 21, 2015

IT industry doubles contribution to GDP – Peter Jack

The contributions of the Information Technology (IT) industry into the Nigeria’s Gross Domestic Product (GDP), reports ITRealms.

This expose was given by the Director-General of the National Information Technology Development Agency (NITDA), Mr. Peter Jack while responding to question to ITRealms at the ongoing GITEX in Dubai.

He said that over the last five years, IT has doubled its contribution to Nigeria's GDP from 4.5 per cent to 10 per cent, thereby accounting for about N50 billion of the N500 billion of the Nigerian economy.

This he noted was invariably after the rebasing of the country’s economy.

He also expressed support for the Nigerian university that emerged finalist in the GITEX Student Lab competition, saying he was not surprised.

Jack also urge them to ensure they win top prize and encouraging other universities in the country to leverage technologies by equipping their students adequately.

“Our concern is to expose the young talents in Nigeria to opportunities that abound in the technology space,” he declared.

Pointing out that starting from last year, Nigeria became the official country partner of GITEX and that year, NITDA showcased five Nigerian technology start-ups to share their solutions to the rest of the world. 

“This year, we brought 14 technology startups and other established companies from Nigeria to showcase their solutions to the world,” he said.

The Nigerian Pavilion, Mr. Jack further said, is strategically located in such a way that it catches the attention of every investor that attended this year's GITEX in Dubai. 

“We are giving opportunities to the technology start-ups to tell the world about their solutions and how these solutions could address country specific and organisational challenges,” he assured.

Equally, the DG also said that NITDA and the Federal Government precisely is using the occasion of Nigeria Day in GITEX to sell the Nigerian brand and woo potential investors to invest in the Nigerian technology market.

+ITRealms DSA +Remmy Nweke (ITRealms) 
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