Dr. Nike Akande, President of Lagos Chamber of Commerce and Industry (LCCI) says Nigeria’s vibrant information and communication technology, ICT, industry has huge untapped market potentials.
Akande says the local ICT sector has witnessed huge successes over the last few years but there remain enormous potentials yet to be tapped.
[quote font=”georgia” font_size=”22″ font_style=”italic” align=”left” arrow=”yes”]According to the LCCI President, key reasons she believes that ICT is driving the Nigerian economy “is evident in the financial service sector, where electronic banking is now the vogue; the agricultural sector, where government now allocate fertilizer through mobile phones to farmers; the consumer goods sector where online stores and e-commerce has brought an incredible transformation to retail business; and many more. ICT has become the backbone of businesses.”[/quote]“Nigeria has witnessed a phenomenal growth in its ICT sector over the past one and half decade. But there are still enormous potentials yet untapped” Akande says this week at the LCCI-organised ICTEL Expo 2016 in Lagos
”This expo is one of the major platforms that offer opportunity to unlock these potentials”, she says.
According to her, the theme of the ICTEL Expo 2016, “Mobility, Technology and the Nigerian Economy”, is very timely as this is the right time to give attention to the benefits of ICT as Nigeria strives towards economic diversification.
“There is no better time to harness the benefits of ICT than now when the Nigerian economy is in dire need of diversification. ICT is strategic in driving productivity and efficiency in all sectors of the economy. Today, virtually all sectors leverage ICT for optimal performance,” Akande adds.
According to the LCCI President, key reasons she believes that ICT is driving the Nigerian economy “is evident in the financial service sector, where electronic banking is now the vogue; the agricultural sector, where government now allocate fertilizer through mobile phones to farmers; the consumer goods sector where online stores and e-commerce has brought an incredible transformation to retail business; and many more. ICT has become the backbone of businesses.”
She further said that the Lagos Chamber, through the ICTEL Expo, is providing a credible platform to advance the opportunities and linkages in the world of ICT.
“We are committed to the building of economic and commercial bridges across all sub-sectors and players in the ICT sector. We plan to continuously broaden the horizon and scope of the EXPO over the coming years. We see great investment opportunities coming from closer interactions and business integration among ICT players and their customers,” she said.
She therefore urged all in attendance at the event to take full benefit of the EXPO to promote the prosperity of their various businesses.
Mr. Sola Oyetayo, Vice President and Chairman of the Trade Board, LCCI, expressed appreciation to Barrister Adebayo Shittu, Minister of Communication, for honouring the event, which he said is a reflection of high regard by the Minister for the private sector of this economy.
“We acknowledge the various impactful initiatives of this administration on the ICT front. The ICTEL Expo will no doubt complement the steps already being taken by your ministry to advance the frontiers of ICT development.”
He noted that with the quality of players and stakeholders in the ICT and telecoms sectors present at the EXPO, the event will help meet the needs of all players in the ICT industry.
“ICTEL EXPO offers a credible platform for professionals, top players, investors, students, regulatory agencies and venture capitalists in the ICT industry to meet the larger business community for value adding networking,” he says.
Mr. Oyetayo appreciated the Ministries of Communication as well as Science and Technology, and other organisations in the ICT sector, saying that this year’s EXPO got very valuable endorsements from them.
Expressing appreciation to supporters and participants in this year’s ICTEL Expo, he adds that, “we therefore thank our exhibitors, sponsors and partners for their support and participation in this event. It is our belief that this event will add tremendous value to all participants by connecting businesses and creating new opportunities.”