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Government effort to boost for Nigeria's Software Industry
Federal Government has set up a ministerial committee to provide an
enabling environment for the growth and development of Nigeria's
software industry. President Olusegun Obasanjo setup the committee at
the formal launch of the Nigerian Software Development Initiative (NSDI)
and brand name "Software Nigeria". According to the Chairman
of the NSDI and Chief Executive of Zenith Bank, Mr. Jim Ovia, the size
of Nigeria's software industry is estimated to be over N15 billion -
"The life of Nigeria's software industry is currently estimated at
over N15 billion".
of the ministerial committee include: the Ministers of Science and
Technology (Chairman), Education, Finance (State), Industry and the
Federal Capital Territory. Based on the President's directive, these
ministers at the government level are responsible for providing the
right environment for the growth of the software industry in Nigeria.
The committee is expected to meet regularly and submit quarterly
Obasanjo also accepted the request of the NSDI to make use of one half
of a wing of the Federal Secretariat, Ikoyi, Lagos, for the setting up
of the pioneer Software Park with modern facilities on a lease of about
NSDI also recommended that the development of software industry should be regarded as a national priority. It also requested for the setting up of a Nigerian Software Commission as well as support - legal, regulatory, institutional and patronage to the local software software industry. A potential market for software opportunity is Nigeria's fast growing Telecom sector. Software opportunities exist in the areas of telecom software, telecom billing software, telecom audit, telecom reports, telecom analysis and telecom expense management.
to Ovia, "Given the estimated global market of over $260.0 billion,
it is our belief that a modern, globally competitive software industry
in Nigeria would not only dominate the local and West African markets,
but will also capture a commensurate share of this global market within
the next few years. The importance of this market share is exemplified
by the fact that 0.05 per cent translates to $1.3 billion. He stated
further that studies indicate that "the industry (Software) has the
potential for being the single largest contributor to Gross Domestic
Product (GDP) within the next five years, if well harnessed".
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