As at the end of the second quarter, the Information and Communications Technology (ICT) sector increased its contribution to the country’s nominal GDP by 0.37 per cent, moving from 12.25 per cent in first quarter to 12.62 per cent.
The Minister of Communications, Adebayo Shittu, who disclosed at the ISACA Abuja’s eighth yearly international conference, said the Federal Government was redoubling efforts to increase ICT’s contribution to the country’s GDP, “as we consider it to be a veritable alternative to the oil sector whose contributions have dwindled over the past year.”
At the conference, which discussed cyber security, technology optimisation and national development, Shittu said without any equivocation, virtually all developmental moves in the world involve the application of ICT, but added that the challenge remains the security implications.
According to the minister, in his keynote address, the traditional banking was essentially
