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WORLD BANK RELEASE ON ICT Technological progress is a driving force behind economic growth, citizen engagement, and job creation. Information and communication technologies (ICTs), in particular, are reshaping many aspects of the world’s economies, governments, and societies. In this context, access to the Internet has become a vital development tool. The so-called Fourth Industrial Revolution is a digital revolution that requires universal and reliable Internet access; without it, many developing countries will not be able to fully participate in an increasingly mobile and digital-based economy. Public officials, businesses, and citizens in developing countries can harness the transformative power of ICTs to provide more efficient services, catalyze economic growth, and strengthen social networks. 95% of the global population now live in an area that is covered by a mobile-cellular network. In Tanzania, for example, mobile money agents now outnumber all other financial intermediar...
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FUTURE CONDITION OF ICT

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Thursday, 4th May 2017 Nigeria may lose N612bn yearly ICT revenue due to counterfeiting About $2 billion revenue which yearly enters Nigeria earns from activities at Africa’s largest Information and Communications Technology (ICT) centre, Computer Village, Lagos, is currently under threat from counterfeiters. Counterfeiting has increased by almost 50 per cent within three years of a major raid by the Standards Organisation of Nigeria (SON) on the market, located at Otigba, in Ikeja. Besides the churning out of substandard products with their concomitant health and safety hazards, the nefarious activities also bleed the economy as manifest in the low volume of trade and revenue loss. Former Minister of Communications Technology, Dr. Omobola Johnson, at a Lagos forum shortly before leaving office in 2015, revealed that Computer Village contributes $2 billion (about N612 billion) yearly to the economy, noting that the fund comes mostly from phones and explora...
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