Nigeria is Africa’s ICT investment destination-Minister

Nigeria is the centre of economic activities and remains the major investment destination in Africa for investors in Information Communication Technology (ICT) in Africa and around the world, the Minister of Communications, Barrister AbdulRahim Adebayo Shittu has said.

The Minister stated this during the African Investment Forum (AIF) held in Gulf Information Technology Exhibition (GITEX 2016) in Dubai, United Arab Emirates (UAE).

Shittu called on investors to tap into the opportunities in ICT ecosystem in Nigeria, considering the country’s huge market and abundant resources; adding that, Nigeria is the centre of economic and ICT development in the West African sub-region.

 “Nigeria has a population of about 180 million people, which is more than the total population of the remaining 15 nations in the West African sub –region. Our nation is a huge market and the centre of economic activities in the sub-region as well as ICT development in Africa. Major investors in the ICT sector should not miss these opportunities of mutual benefits which Nigeria presents.” He said.

The Director General of the National Information Technology Development Agency (NITDA), Dr Isa Ali Ibrahim Pantami at the same forum called on ICT Investors and Entrepreneurs seeking for high returns on investment to have Nigeria as a strong ally.

Pantami maintained that, “the business environment in Nigeria is favourable. Our current administration recently formed a presidential commission to significantly improve our Ease of Doing Business rank.  Efforts are also underway in the Nigerian Senate to review the tax laws to aid the presidential effort to make Nigeria more investor-friendly.”

“We run a free market economy in Nigeria that encourages and incentivizes investment in the country. The current infrastructural development effort and significant security improvement brought about by the current administration of President Muhammadu Buhari will make it easy for your business to be up and running within a short period of time,” he said.

Similarly, the Head of the Civil Service, Mrs. Winifred Ekanem Oyo-Ita said that the Nigerian government has shown commitment to human capacity building through agencies like NITDA to ensure the readiness of the indigenous labour force to provide required skills needed by foreign investors which will encourage potential foreign investment flow.

Oyo-Ita told the investors that the present administration of President Muhammadu Buhari is ready to promote ICT development and deployment in the country.

Deputy Governor of Plateau State, Prof. Sonny Tyoden while highlighting the investment potentials in his State said that, “Our state has passed through periods of tragic conflicts but that is in the past as we invite you to join other investors in exploring the great potential in mining, the hospitality industry and huge market for innovation underscored by large numbers of educated and talented youth population”.

He further disclosed that Plateau State is planning to establish an ICT Park in Jos, the capital of the State, adding that the State is ready to partner with world class investors in the project.

The AIF attracted ICT stakeholders and investors from across the world including those of African countries like Morocco, Tanzania, and Egypt.