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Nigeria Communication Minister, Adebayo Shittu

Nigeria To Get Over $4bn In Technology Transfer From India

…as over 3,000 stakeholders attend 3rd Indo-Africa ICT Summit

IT NEWS NIGERIA:

 

Nigeria is to experience huge technology transfer of over $4 billion from
India as the governments of both countries rekindle long standing
relationships at the third Indo-Africa ICT Expo which opened September 6th
in Lagos with over 3,000 delegates from across Africa and India witnessing
the inauguration of the technology event.

Already having strong presence in Africa, India, through the Conference is
seeking stronger ties with Nigeria in particular, and has therefore
offered its assistance in all areas of technology.

Along those lines, the Nigerian Minister of Communications, Barrister
Adebayo Shittu who led the ministers from India, Ghana and top officials
fican countries to inaugurate the
conference, in his keynote address at the event expressed the country’s
readiness to partner with India in all possible areas to achieve a digital
economy Nigeria.

Shittu, who allayed fears of stakeholders in the ICT industry about the
Indians coming to hijack the industry, said the coming of the Indians was
sequel to discussions he had with the Indian business community in Geneva
early this year, where they promised to come and invest $4 billion in the
Nigerian IT industry.

 

As part of India’s commitment to Nigeria, Shittu said India is also
financing a solar-based  Digital connectivity project that would cover
1000 rural areas in Nigeria. The Minister however, used the opportunity to
invite Indians to invest in the key Nigerian ICT projects, which include
the establishment of ICT University and ICT development bank to cater to
the specific financing needs of the ICT industry in Africa’s biggest
market.

Earlier in his opening address at the conference, Sanjay Nayak,
Co-chairman of India’s Telecom Equipment & Services Export Promotion
Council (TEPC), said India remains the ideal partner for Africa as it
shares the same vision and mission for technology growth. According to
him, India has developed quality technologies well-crafted to meet the
needs of countries in the African continent, and which they can leverage
on at competitive price.

 

 

Indo-Africa ICT Expo 2017. Photo: itnewsnigeria

India, Nayak said, has the lowest telecom tariff rates in the world as a
result of its cutting edge technologies. “We have end-to-end solutions,
which are well suited for African needs” he said.

India’s Honourable Minister of Communications, Manoj Sinha, said the third
edition of the Indo-Africa ICT Expo in Lagos has special significance, not
only for India and Nigeria, but also for the entire Africa, adding that
the success of the first two editions held in Kenya gave the organisers
the confidence to shift the focus to West Africa.

“I strongly believe that the vast experience gained by India in setting up
of ICT infrastructure can be leveraged by the governments as well as the
private business enterprises in Africa. To explore synergies on the ground
in ICTs, more than 50 ICT companies from India are participating in this
ICT Expo” he said.

Citing the key capabilities of Indian companies and what they can offer
Nigeria, the Minister said that India companies have developed the
engineering capabilities and experience with smart innovations. “They have
the ability to train employees at scale; innovative business models at low
cost. This makes them well-positioned to support the booming African ICT
sector” he said.

According to the Indian Minister, India and Africa are having similar
demographic and ICT usage profile and should therefore work together to
achieve common goal of establishing digital economy in respective
countries.

“We are fully committed to share our ICT experiences, expertise and
software skills with other countries in the developing world. India is
also willing to explore opportunities of financing the emerging
opportunities”.

The organisers, TEPC, is working in conjunction with the National
Association of Software and Service Companies, (NASSCOM), which is the
premier trade body and the chamber of commerce of the IT-BPM industries in
India.

The TEPC stated that the  vision of a knowledge based society “is built on
an edifice where IT and Telecommunications merge,” adding that “rapid
technological convergence has already established a symbiotic relationship
between the development strategies of IT and telecommunications. IT
flourishes on the telecom-network and in turn permits modern day
telecommunications to use sophisticated IT-software.”

The Council says as Africa is among the fastest growing markets worldwide,
improving macroeconomic indicators, conducive business environment,
larger, younger and more affluent population, rising middle class – all
are strong indicators of not only a source of capital but also of job
creation, skills development, technology transfer, infrastructure
development, responsible governance and most of all –sustained growth that
eventually will lead to transformation of African economies!”

Other ministers at the conference include Mr. Vincent Sowah Odotel, Deputy
Minister of Communications, Ghana and Mr. Getachew Negash Tekla, State
Minister of Ethiopia’s Ministry of Communication and Information
Technology.

Dignitaries at the inauguration of the conference include Dr. Ernest
Ndukwe, former executive vice chairman of the Nigerian Communications
Commission who is chairman of Openmedia Group, Mr. Olusola Teniola,
President of the Association of Telecom Companies of Nigeria (ATCON),
Engr. Gbenga Adebayo, Chairman of Association of Licensed Telephone
Operators (ALTON) and Mr. Tayo Adeniyi, President of the Information
Technology Association of Nigeria (ITAN), as well as Chief Charles Okeke,
chairman of the IT/Telecom Trading Group of the National Association of
Chambers of Commerce, Industry, Mines and Agriculture, (NACCIMA) and Mr.
Ahmed Ojikutu, President of the Computers and Allied Products Association
of Nigeria (CAPDAN).

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