News Column

Govt Targets 10 Percent Growth in IT Sector By 2015

January 28, 2014

Dele Ogbodo

The acting Director-General of the National Information Technology Development Agency (NITDA), Mr. Sanni Daura, yesterday expressed optimism that the federal government would attain its targeted 10 per cent growth in Information Technology (IT) in 2015 from its present six per cent.

Daura, who was represented by the Deputy Director, Corporate Strategy and Research, Mr. Vincent Olatunji, made the disclosure in Abuja, when he played host to Mr. Bilal Al-Rais of the Dubai World Trade Centre and the Chief Executive Officer, Pinnacle International Consulting, Detroit, United States of America, Mr. Akande Ojo.

The duo is seeking government's collaboration in the forthcoming GITEX technology exhibition slated for October in Dubai, United Arab Emirate (UAE). He said government's ICT local content policy now gives priority to local software manufacturers than their foreign counterparts.

"What we are trying to do in this case is to take what we have at home to the international level while the policy applies to all Ministries Departments and Agencies (MDAs) at the federal level that companies and public institutions can only patronise foreign software only when they are not available locally," Duara stated.

He said government was committed to doing more by taking stakeholders from the country to GITEX 2014, because of the envisaged benefits from the yearly event, adding that Nigeria intends to make statements with its array of budding hard and software IT experts at the international event.

The director-general of NITDA however expressed confidence that Nigeria could rake in more revenue from IT sector than oil sector, adding that it is unfortunate that IT innovators have not been able to contribute much to the nation's economy because of their restricted marketing strategy.

He advised that IT experts in the country should step up their game by participating in foreign exhibition so as to expose their products and services to the international community.

Duara, who underscored that IT innovators needed to be showcased at such forum like the GITEX IT exhibition slated for October, said it was only by participating in such events that investors can buy into their products.

He explained that returns on investment in IT sector in the country were usually made in one year. In a remark, Al-Rais said about 75 countries participated in the event last year, adding: "We are targeting 25,000 visitors from Africa at the world's largest IT exhibition. The goal for us is to focus on quality. "The level of investment generated at this event is always tremendous and this is why at this stage and in January, we already 87 per cent fully booked."

In his contribution, Ojo added: "For foreign investors to invest in Nigerian businesses, they need to know the value proposition, the return on investment.

"The area where we miss it in the value chain is in the area of expertise, we want the companies over there to showcase Nigerians during the exhibition which will further encourage partnership. The GITEX platform will bridge such gaps in distance which will further guarantee trust and reduce the risk exposure."

For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: AllAfrica

Story Tools