Nigerian software industry worth $6bn – nitda boss

According to Prof. Cleopas Angaye, Director-General of National Information Technology Development Agency (NITDA) the Nigerian software industry could be potentially worth £6 billion (N900) and could surpass revenue from the oil industry, especially as the software industry is not a capital intensive sector. a six-billion dollar industry with a likelihood of surpassing the contributions from the oil industry, especially as the software industry is not a capital intensive sector. Angaye made the observation at the opening of a national retreat on “Development of Nigerian software Policy” organised by NITDA.

Angaye stated that the internet has created a level playing field for software developers all around the world, the ease of access and flexibility favour indigenous developers in local, regional and international markets. There is therefore an urgent need to develop appropriate policy to guide the development of software in Nigeria. Angaye said that the policy would enable the country to diversify her economic base from a mono-product economy based mainly on oil and explore the knowledge economy that could provide alternative sources of revenue. Towards this, Angaye said that NITDA had undertaken the National software Development Initiative, National software Development Taskforce and the National IT Policy to enhance software industry in Nigeria.

Author: nmmin

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