One area that is currently and grossly being overlooked by Nigerians is the Information Technology (IT) and Information & Communications Technology (ICT) sector.

IT, ITeS and ICT is the fastest growing industry in the world, according to leading global research firms. Many of the world's startups are IT-based and a great number of them are run by under-30 CEOs. It is a highly skilled sector that can and should harvest a lot of Nigeria's unemployed youths; it is flexible and highly - HIGHLY - profitable.

IT, ITeS and ICT in the United States is a $700 billion industry, in India it is worth $120 billion (and directly employs about 10 million Indians), and in China it is even worth a lot more at $493 billion. Alibaba, a Chinese e-commerce group, in September recorded the biggest ever stock market initial public offering (IPO) in history, worth about $25 billion. Its owner, Jack Ma, previously an unknown quantity and former English teacher from China is now an IT billionaire, worth around $29 billion and  richer than Africa's richest man Aliko Dangote.

The world's richest man Bill Gates, worth in excess of $82 billion, made most of his money from his IT enterprise Microsoft. The world's 5th richest man, Larry Ellison, made his money from his IT company Oracle and today he is worth $52 billion according to Forbes. Other tech billionaires who all richer than Africa's richest man include Mark Zuckerberg of Facebook, the Google guys Sergey Brin and Larry Page, and Amazon's Jeff Bezos.

All these CEOs run IT firms that are much more valuable than any Nigerian company you can think of. Facebook is a 100-billion-dollar company, Google is worth a lot more and so is Apple, international Business Machines (IBM), Hewlett-Packard (HP), Amazon, Samsung, Oracle and Microsoft.

IT and ICT are untapped goldmines that I would love the Nigerian government and Nigerians as a whole to look into and invest their time, energy and money in. The world today revolves around the internet and information technology and if tapped into, the possibilities are potentially limitless and the returns can be very great as well.

Chinedu Randall is an IT and ICT consultant.

He wrote in via chinedurandall@gmail.com.

His Facebook page is [url=http://Facebook.com/ChineduRandall]www.facebook.com/ChineduRandall

Good for unemployed graduates and undergraduates who make use of their front brain

TANPDPAPC:
One area that is currently and grossly being overlooked by Nigerians is the Information Technology (IT) and Information & Communications Technology (ICT) sector.

IT, ITeS and ICT is the fastest growing industry in the world, according to leading global research firms. Many of the world's startups are IT-based and a great number of them are run by under-30 CEOs. It is a highly skilled sector that can and should harvest a lot of Nigeria's unemployed youths; it is flexible and highly - HIGHLY - profitable.

IT, ITeS and ICT in the United States is a $700 billion industry, in India it is worth $120 billion (and directly employs about 10 million Indians), and in China it is even worth a lot more at $493 billion. Alibaba, a Chinese e-commerce group, in September recorded the biggest ever stock market initial public offering (IPO) in history, worth about $25 billion. Its owner, Jack Ma, previously an unknown quantity and former English teacher from China is now an IT billionaire, worth around $29 billion and  richer than Africa's richest man Aliko Dangote.

The world's richest man Bill Gates, worth in excess of $82 billion, made most of his money from his IT enterprise Microsoft. The world's 5th richest man, Larry Ellison, made his money from his IT company Oracle and today he is worth $52 billion according to Forbes. Other tech billionaires who all richer than Africa's richest man include Mark Zuckerberg of Facebook, the Google guys Sergey Brin and Larry Page, and Amazon's Jeff Bezos.

All these CEOs run IT firms that are much more valuable than any Nigerian company you can think of. Facebook is a 100-billion-dollar company, Google is worth a lot more and so is Apple, international Business Machines (IBM), Hewlett-Packard (HP), Amazon, Samsung, Oracle and Microsoft.

IT and ICT are untapped goldmines that I would love the Nigerian government and Nigerians as a whole to look into and invest their time, energy and money in. The world today revolves around the internet and information technology and if tapped into, the possibilities are potentially limitless and the returns can be very great as well.

Chinedu Randall is an IT and ICT consultant.

He wrote in via chinedurandall@gmail.com.

His Facebook page is [url=http://Facebook.com/ChineduRandall]www.facebook.com/ChineduRandall

Impact Of ICT On Nigerian Insurance Industry And On-Line Processing

French (1996) computer defined on-line processing as a processing method in which case there is no manual intervention and the whole process is automatic. This on-line data entry he said normally takes place by means of data transmission equipment or as part of a distributed system. In this type of processing, by one means or another data arrives the main computer where the processing takes place.

Alexi and Mathews, (1999) "fundamentals of information technology" stated that on-line processing allows data to be processed instantaneously. They said that using an on line system, the request tor information will be instantly acknowledged by on-line software, and the appropriate step will be taken to access the central data and return the requested information to the terminal for which request was made. They emphasized, that on-line operating systems allows multi-user and multi tasking capabilities.

onwere Don et al., (2004) "Computer science for information age”, saw on-line processing as a mode of processing in which data is collected and processed immediately. They said that the idea here is that data is transmitted from terminals to computer central processing unit through a modem for immediate processing. They as well highlighted the advantage as being fast, transmission of data is almost immediately and it supports interaction with user. They further listed some of its demerits, which indicate difficulty in corrections of error during transmission and expertise in operation, must be guaranteed.

http://www.joeyarticles.com/impact-ict-nigerian-insurance-industry-online-processing/

https://www.youtube.com/watch?v=jrQbiYSconw

Minister Of Communication Speaks On Potentials Of ICT In Nigeria

The Minister of Communication Adebayo Shittu says the Information and Communication technology ICT has vast potentials as credible alternative to the petroleum industry.The Minister stated this after inspecting exhibition stands of the ongoing E-Nigeria conference and Africa Information Technology Exhibition AFRITEF holding in Abuja.

https://www.youtube.com/watch?v=ptdOyS2Cwcg

A focus on Lagos States ICT sector