THE ROLE OF ICT IN REVAMPING NIGERIA’S ECONOMY


This paper examined the extent that ICT has contributed in the revamping of the Nigeria economy after the economic contraction of 2020. Data for the study are secondary data that were collected from World Bank, Nigeria Bureau of Statistics (NBS), Nigeria Information Technology Development Agency (NITDA), National Communication Commission, National Population Commission and Kepios digital services. The findings show that ICT has impacted positively on the Nigerian economy for the over the past years. Its impact can be seen in almost every sector: business, education, governance, health, agriculture, geology, etc. The study shows that the introduction of 5G network will increase speed of internet which will improve work activities. Nigeria should also invest more on Artificial Intelligence (AI), smartcity-technology and Internet of Things (IoTs) to reap more benefits. The government should also ensure that there is more Internet penetration in the rural areas to enabl


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