Nigeria to Spend U.S.$143 Billion On ICT Imports By 2019 – Nitda DG

Nigeria to Spend U.S.$143 Billion On ICT Imports By 2019 – Nitda DG

If the trend of importation of ICT products is not stopped or at least reduced to a barest minimum, Nigeria would be spending $143.8bn on ICT imports in 2019, the Director General of the National Information Technology Development Agency [NITDA] Dr Isa Ali Ibrahim has said.

So far the country loses approximately N1.52trillion ($3.8bn) every year through importation of Information and Communications Technology products, services and software.

Dr Ibrahim, who disclosed this in an interview with Daily Trust in Abuja yesterday, said importation of virtually every ICT software and hardware was killing the local IT industry and draining the country of foreign exchange.

“We want to solve the problems bordering on local content in the ICT sector in the country. We are not happy at all that Nigeria loses so much on importation of IT products and services as well as software. Approximately, $2.8billion are being lost annually from importation of ICT goods and services, including $1bn spent also annually on importation of software into the country. This is huge; if we don’t act quickly to reduce this, the survival of our local industry will be at risk”, the NITDA DG said.

He said one of the best ways to prevent or reduce corruption in the civil service is by looking thoroughly into the IT projects being embarked upon by MDAs.


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