During the workshop baptized "Start-up Friday", organised on December 5, 2018, Isa Ali Ibrahim Pantami, general director of National Information Technology Development Agency (NITDA) of Nigeria, revealed that IT startups generated $101 million for the country’s economy from January to September 2018.
According to this official, these innovative firms generated $9 million for the country’s economy during Q1, 2018, $57 million during the second quarter and $35 million in the third quarter.
According to him, these growing performances are the result of the dynamism in the Nigerian IT sector supported by the government, which is set on making this sector a pillar for the economy via a strict application of the rules in force. He indicated that in 2013, more than 82,000 local IT and digital products were bought. This volume rose to 92,000 in 2015, 150,000 in 2016 and 300,750 in 2017.
Isa Ali Ibrahim Pantami explained that to further strengthen the contribution of the IT sector in Nigeria’s economy, "Start-up Friday" would scour the various regions to "identify our young innovators who have potentials and see how they can be supported to achieve their dreams".
The head of NITDA informed that in Q2, 2018, the IT sector’s contribution to GDP was 13.63%.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Foreign investment in Tunisia rose 30.3% in 2025 to about $1.2 billion Manufacturing, services, energy, and agriculture drew the most...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Countries including Ghana, South Africa, and Kenya are seeking fuel supplies from Dangote Refinery. Brent crude has exceeded $100 per barrel,...
Guinea is considering a $500 million sukuk to finance major projects The move is part of efforts to diversify funding and attract private...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...