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Nigerian software industry worth $6bn – NITDA boss

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Lagos-Prof. Cleopas Angaye, Director-General of National Information Technology Development Agency, NITDA, has said that the Nigerian software industry has potentials worth $6bn (N900 billion).

Angaye made the observation at the opening of a national retreat on “Development of Nigerian Software Policy” organised by the NITDA yesterday.

“The Nigerian software industry is potentially a six-billion-dollars industry and can surpass the contributions from the oil industry, especially as the software industry is not a capital intensive sector.

“In addition, the internet has created a level playing field for software developers all around the world; proximity and flexibility would, therefore, favour our indigenous developers for local, regional and international markets.

“The foregoing, therefore, lay credence to the fact that there is an urgent need to develop appropriate policy to guide software Nigeria,” he said.

Angaye said that the policy would enable the country to diversify her economic base from a mono-product economy based mainly on oil and explore the knowledge economy that could provide alternative sources of revenue.

He said that the agency had tried some initiatives like the National Software Development Initiative, National Software Development Taskforce and the National IT Policy to enhance software industry in Nigeria.

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