e-Business, catalyst to 21st century economic growth – NIG boss

ITRealms:

President of the Nigeria Internet Group (NIG), a stakeholder member of NiRA, Engr. Bayo George Banjo has said it that electronic business, also known as e-Business accelerates economic growth in many countries globally, reports ITRealms.

Addressing participants at the two-day 2013 e-Business Conference, in Lagos, Banjo said that with so many developments in the Nigeria information and communication technology sector (ICT) sector, Nigeria is set and has already joined the rest of the world in driving its economy with e-Business.

E-business, he said, is simply an internet technology driven business which has continued to catalyse to accelerated economic growth in many countries globally. 

Most significant developments in the sector which include the African mobile phone personal computers and liquid crystal display (LCD) manufacturing plant set up by RLG, a $10 million factory that will be sited in Osun State, and would be opened before 2013 closes.

Also major achievements previously recorded in the sector include the sale of 2.3 GHz spectrum by NCC, re-delegation of .ng TLD, the budding e-payment services, emerging international fiber cables from MainOne and Globacom to name a few.

These achievements again are what ignited the strong desire in NIG to organize the important annual e-business conference 2013 in collaboration with the Nigerian Communications Commission (NCC).

This conference examined critical success factors to e-business adoption in Nigeria such as improved broadband penetration, pervasive e-payment services, skilled manpower, appropriate legal and regulatory framework and the political will of government to implement the right policies among others.  

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Pix; right, NIG president, Banjo & Prof Kaleb Osuntokun, chair, day 1