OPINION BY CHUKWUEMEKA UWANAKA: Technology acclimatisation and contemporary Nigeria — China economic relations | TheCable
of Peoples Republic of China and Secretary General/Leader of CPC, necessitates some review of bilateral economic relations between Nigeria and China. That President Xi has an unprecedented third term in office, may portend a continuation of certain economic trends which Nigeria needs to better comprehend, for appropriate strategic policy responses.
There are however more strategic concerns that require appropriate policy responses from the Nigerian government.Globally, data and ICT have become about the most valuable resources and industry. In Nigeria, the ICT sector has grown from 3.08 percent of GDP in 2001, to 18.44 percent of GDP in 2022. A lot of this growth in the ICT sector is driven by the telecommunications sector, which has grown since further privatization of the sector, and auction of GSM licenses to private companies in 2001.
There has to be an adjustment and better implementation of technology policies and agreements in Nigeria towards ‘technology acclimatization’, in a way that both encourages and compels foreign technology firms to share and domesticate some of their core technologies, especially with select Nigerian firms. As was the case with China, Nigeria has to leverage its position as Africa’s largest economy and most populous country to achieve this goal of technology acclimatization and sharing.
The findings from a 2018 survey conducted by NCC, Nigeria’s telecommunications regulator, provide impetus for new approaches to technology acclimatization. The study shows that only 23 percent of software in use are obtained locally, while 77 percent of software in use are foreign. The negative trend is similar with respect to hardware used by telecom operators, as only 14 percent of hardware come from local companies, while 86 percent of hardware is foreign.
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