National Economy
Sunday, November 2, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

Nigeria Spends $1.09bn On Computer Importation Services In 5yrs

by Royal Ibeh
August 9, 2023
in Business, News
Nigeria

 

Statistics from the International Trade Centre(ITC) showed that $1.09 billion was spent on software acquisition and importation of computer services into Nigeria in five years.

The breakdown showed that software and computer services worth $123.89 million were imported in 2016, the figure jumped to $216.57 million in 2017, $257.55 million in 2018 and dipped to $159.28 million in 2019, before rocketing to $336.43 million in 2020.

To avert the trend, ICT stakeholders have called on the Tinubu-led administration to place ban on the importation of computers and allied hardware.

This way, it will help boost to the indigenous companies producing the same products in-country, some of which are struggling, they posited.

YOU MAY ALSO LIKE

LG Electronics Donates Solar-Powered Borehole To Ilorin Community

GERMAN CHAMBER REAFFIRMS COMMITMENT TO VOCATIONAL EDUCATION, ENTREPRENEURSHIP IN NIGERIA

A fellow of Nigeria Computer Society (NCS), Mr. Chris Uwaje, said, the Indian government recently imposed restrictions on import of laptops, tablets, all-in-one personal computers and ultra-small computers and servers with immediate effect.

“This is in the spirit of product nationalism whereby countries deliberately promote patronage of homemade products and services to boost local productivity, create more jobs, encourage proficiency, and discourage capital flight,” Uwaje averred.

In recent years, indigenous ICT firms have proved capability in both software and hardware engineering, and multinationals including as Microsoft, Oracle, Google, and IBM are becoming more interested in hiring young Nigerians.

 

Uwaje, therefore, called on president Tinubu to adopt the India policy as well as make it mandatory that all foreign computer manufacturers set up local production facilities in Nigeria in partnership with indigenous computer companies.

In the same vein, ICT expert, Mr. Dotun Ali-Balogun has appealed to president Tinubu to mandate all government ICT operations to be run on the technical strength of locally assembled computers, adding that, this is the time for the government to discourage importation of computer services to boost the naira against the dollar.

ShareTweetShare

OTHER GOOD READS

LG Electronics Donates Solar-Powered Borehole To Ilorin Community
Business

LG Electronics Donates Solar-Powered Borehole To Ilorin Community

22 hours ago
Business

GERMAN CHAMBER REAFFIRMS COMMITMENT TO VOCATIONAL EDUCATION, ENTREPRENEURSHIP IN NIGERIA

3 days ago
Seplat Energy JV Boosts Eye-health In Edo State
Business

SEPLAT ENERGY POSTS N3.4TRN REVENUE IN NINE MONTHS, DECLARES SPECIAL DIVIDEND

3 days ago
Next Post
AMCON, Valuers Partner To Optimise Asset Disposal

AMCON, Valuers Partner To Optimise Asset Disposal

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved