Question: where do we have the most opportunity in Nigeria in the near future?
Response: ICT and broad technology sector. ICT contributed just 1% to Nigeria’s GDP in 2001. Today, the number is 18.4%. What that means is that about 17% has been “eaten” by ICT in other sectors. As ICT grows, so are the opportunities in that domain. Read more here
- Event: Tekedia Capital Open
- Topic: The Abundance Is Here
- Date: Saturday, Aug 27, 2022
- Time: 4pm – 5pm WAT
- Zoom link (free and open) here
Interestingly, I will have a presentation titled “Abundance Is Here” as part of Tekedia Capital OPEN as we begin a new investment cycle next month. It begins at 4pm WAT today and it is free. The Zoom link is here
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The sector’s growth has been reported to be largely driven by activities in the telecommunications sub-sector which contributed 9.49% to the nation’s GDP. Its contribution to nominal GDP for the second quarter of 2021 stopped at 12.12% which was lower than the rate of 12.22% recorded in the same quarter of 2021, but higher than the 10.55% it contributed in the preceding quarter.
In nominal terms, in the second quarter of 2022, the sector growth was recorded at 14.11% year-on-year, 14.18% points increase from the rate of -0.07% recorded in the same quarter of 2021, and 6.43% points lower than the rate recorded in the preceding quarter.
The quarter-on-quarter growth rate recorded in the second quarter of 2022 was 14.13%. The ICT sector in the period under review, recorded a growth rate of 6.55% in real terms, year-on-year. From the rate recorded in the corresponding period of 2021, there was an increase of 0.99% points.
https://www.tekedia.com/youre-invited-to-tekedia-capital-open-the-abundance-is-here-aug-27-at-4pm-wat-free/
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Register for Tekedia Mini-MBA (June 9 – Sept 6, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.