Minister of Communications, Dr. Adebayo Shittu has claimed that Information Communication Technology (ICT) sector has attracted increased Foreign Direct Investment (FDI) from $32 billion in 2015 to $40 billion in 2018.

He made this known during the official session of the 6th Regular Meeting of the National Council on Communication Technology (NCCT) taking place at June 12, Cultural Centre in Abeokuta with a theme “Leveraging ICT as the Veritable Vehicle for Economic Recovery and Growth.”

The Minister said that the performance of the Telecommunications industry has also improved noting that there was a positive increase in the number of active telecoms subscribers with an increase from 148,70 million in august 2015 to 162.05 million as at September 2018, which is an increase of seven per cent.

According to him “Teledensity rose from 107.67 per cent in August 2015 to 115.76 per cent in September 2018, thus recording an increase of 2.47 per cent. Similarly, Broadband penetration has reached 20.95 per cent, while the percentage of internet penetration has reached a milestone 48.44 per cent, making Nigeria, second only to South Africa in the whole of the African Continent”. Shittu stated

He added that Nigerian ICT sector today is one of the fastest growing despite the economic recession and contributed 9.8 per cent in gross domestic product (GDP) in 2014. The challenge is how to leverage the opportunities thrown up by the new economy powered by ICT to address the issues of revenue, investments, cost savings, employment generation, and national productivity among others.

Shittu pointed out that this year’s meeting is unique as it focuses on how the highly acknowledged potentials of the ICT Sector can be used to achieve the main policy objectives of Economic Recovery and Growth in view of the dwindling fortunes from oil and Gas.

He said:“ In pursuit of the national agenda, we have continued to reposition the ICT sector in the areas of infrastructure and industry development, local content optimization, enabling policy, legal and regulatory framework; deepening of ICT in Government and mainstreaming of ICT into all spheres of national life among others”.

In his goodwill message, managing director, Fintrak Software, Mr. Bimbo Abioye on behalf of the Institute of Software Practitioner of Nigeria (ISPON) urged government to provide enabling environment for software industry and habit of importation of foreign goods has to change in order to create employment in the country.

Also, president of Certified Computer Manufacturers of Nigeria (CCMON) Engr. (Mrs) Adenike Abudu urged people and the government to patronize local manufacturers in order to create more jobs in ICT sector adding that through collective promotion of Nigeria we move the country to the next level.

In his address, the Executive Governor of Ogun State, Senator, Ibikunle Amosun said, “we have also continued to ensure that economic and commercial opportunities in our dear State are further boosted through G2C (Government to Citizens) Solutions.

http://www.mcebiscoo.com/2018/11/nigerias-ict-sector-attracted-40bn-fdi.html

What?

Are we not In trouble in this country with these set of Liars as our leader?


$40Billion is like our entire Foreign Reserve, so Sir, Where are the Investments? Where are the employment that follows such FDI? Where are the Advancement?

X

does this useless and foolish set of Minister's think we are all fools in this country. they just mention any figures that comes to their mind and expect us to believe it hook line and sinker. some of us aren't zombies abeg and how has all this big big figures they are calling always changed or made any significant impact in our lives as a people. there wasn't light last night in my house mosquito used my eyes to see pepper, they were just singing to my ears and yet using my body to do suya and someone expect me to believe and vote for this demonic Party next year. god forbid

Maybe he meant saying $40billion Zimbabwean dollars

Professional liar & career liar!

“The total value of capital importation into Nigeria stood at $5,513.55m in the second quarter of 2018. This was a decrease of 12.53 per cent compared to Q1 2018, but a 207.62 per cent increase compared to the second quarter of 2017”

Total Foreign Direct Investment in Nigeria are in m$, where is this crook minister getting his Bn$ FDI figures from?


APC should please stop all these fraudulent liars & propaganda.

ok?

Assuming this is true, it is the least technology can do and can do far more if FG can shift attention from oil and gas to develop our ailing technology sector which is our only way out of this mess

Afonjas can never change

This lairs again!

They know their followers do not reason. So they keep feeding them lies.

$40b dollars is the nations budget in 2 years and someone is saying that amount was invested in the nation by foreigners and things are the way they are.

Buharis govt is a crime against Nigeria.

Let's vote them out.

Really?

It's your usual way of squandering our money. We were already informed by Mr Liar Muhammed. 3.5million.....

TrueLEADER:
What?

Are we not In trouble in this country with these set of Liars as our leader?


$40Billion is like our entire Foreign Reserve, so Sir, Where are the Investments? Where are the employment that follows such FDI? Where are the Advancement?

I swear, I fear these people. Are they even human?

Hahaha another NYSC certificate forging liar ranting without sense. You attracted $40Billion Oluwole FDI you mean?

Why is this educated illiterate still a minister? $40 billion what?

TrueLEADER:
What?

Are we not In trouble in this country with these set of Liars as our leader?


$40Billion is like our entire Foreign Reserve, so Sir, Where are the Investments? Where are the employment that follows such FDI? Where are the Advancement?

They lie without the fear of God.

Oluwole minister
If you know you know

And some pple say Nigeria will develop when we have fools like this in office. $40bn when the whole investment into Nigeria in the same yr is less than $6b.



That was how that minister of agriculture said Nigeria produced 15 million metric tones of rice. And we were not among the top 100rice producers in the world. While China that occupy the number one position produce less than 11 million.

Liar. He actually meant the total FDI flows in the IT sector since the telecoms revolution. FDI has been falling since Buhari came into power.

This people will just be quoting figures
We attracted investors in that aspect and I don't even think it's upto that amount Bro.Shittu quoted..


check my siggy

alvan06:
Maybe he meant saying $40billion Zimbabwean dollars

that is like 1million naira. lol

henro4niger:
Assuming this is true, it is the least technology can do and can do far more if FG can shift attention from oil and gas to develop our ailing technology sector which is our only way out of this mess

Shut up and reason. That figure is two years budget for Nigeria at fifteen trillion naira and can cause tremendous economic growth of over seven percent in one year. ICT sector can't do over One billion dollars in FDI this year

I thought this guy is on nysc now. [qquote author=17Ebiscoo post=73221139]Minister of Communications, Dr. Adebayo Shittu has claimed that Information Communication Technology (ICT) sector has attracted increased Foreign Direct Investment (FDI) from $32 billion in 2015 to $40 billion in 2018.

He made this known during the official session of the 6th Regular Meeting of the National Council on Communication Technology (NCCT) taking place at June 12, Cultural Centre in Abeokuta with a theme “Leveraging ICT as the Veritable Vehicle for Economic Recovery and Growth.”

The Minister said that the performance of the Telecommunications industry has also improved noting that there was a positive increase in the number of active telecoms subscribers with an increase from 148,70 million in august 2015 to 162.05 million as at September 2018, which is an increase of seven per cent.

According to him “Teledensity rose from 107.67 per cent in August 2015 to 115.76 per cent in September 2018, thus recording an increase of 2.47 per cent. Similarly, Broadband penetration has reached 20.95 per cent, while the percentage of internet penetration has reached a milestone 48.44 per cent, making Nigeria, second only to South Africa in the whole of the African Continent”. Shittu stated

He added that Nigerian ICT sector today is one of the fastest growing despite the economic recession and contributed 9.8 per cent in gross domestic product (GDP) in 2014. The challenge is how to leverage the opportunities thrown up by the new economy powered by ICT to address the issues of revenue, investments, cost savings, employment generation, and national productivity among others.

Shittu pointed out that this year’s meeting is unique as it focuses on how the highly acknowledged potentials of the ICT Sector can be used to achieve the main policy objectives of Economic Recovery and Growth in view of the dwindling fortunes from oil and Gas.

He said:“ In pursuit of the national agenda, we have continued to reposition the ICT sector in the areas of infrastructure and industry development, local content optimization, enabling policy, legal and regulatory framework; deepening of ICT in Government and mainstreaming of ICT into all spheres of national life among others”.

In his goodwill message, managing director, Fintrak Software, Mr. Bimbo Abioye on behalf of the Institute of Software Practitioner of Nigeria (ISPON) urged government to provide enabling environment for software industry and habit of importation of foreign goods has to change in order to create employment in the country.

Also, president of Certified Computer Manufacturers of Nigeria (CCMON) Engr. (Mrs) Adenike Abudu urged people and the government to patronize local manufacturers in order to create more jobs in ICT sector adding that through collective promotion of Nigeria we move the country to the next level.

In his address, the Executive Governor of Ogun State, Senator, Ibikunle Amosun said, “we have also continued to ensure that economic and commercial opportunities in our dear State are further boosted through G2C (Government to Citizens) Solutions.

http://www.mcebiscoo.com/2018/11/nigerias-ict-sector-attracted-40bn-fdi.html[/quote]

Is he not on service?

JaphNice:
I thought this guy is on nysc now. [qquote author=17Ebiscoo post=73221139]Minister of Communications, Dr. Adebayo Shittu has claimed that Information Communication Technology (ICT) sector has attracted increased Foreign Direct Investment (FDI) from $32 billion in 2015 to $40 billion in 2018.

He made this known during the official session of the 6th Regular Meeting of the National Council on Communication Technology (NCCT) taking place at June 12, Cultural Centre in Abeokuta with a theme “Leveraging ICT as the Veritable Vehicle for Economic Recovery and Growth.”

The Minister said that the performance of the Telecommunications industry has also improved noting that there was a positive increase in the number of active telecoms subscribers with an increase from 148,70 million in august 2015 to 162.05 million as at September 2018, which is an increase of seven per cent.

According to him “Teledensity rose from 107.67 per cent in August 2015 to 115.76 per cent in September 2018, thus recording an increase of 2.47 per cent. Similarly, Broadband penetration has reached 20.95 per cent, while the percentage of internet penetration has reached a milestone 48.44 per cent, making Nigeria, second only to South Africa in the whole of the African Continent”. Shittu stated

He added that Nigerian ICT sector today is one of the fastest growing despite the economic recession and contributed 9.8 per cent in gross domestic product (GDP) in 2014. The challenge is how to leverage the opportunities thrown up by the new economy powered by ICT to address the issues of revenue, investments, cost savings, employment generation, and national productivity among others.

Shittu pointed out that this year’s meeting is unique as it focuses on how the highly acknowledged potentials of the ICT Sector can be used to achieve the main policy objectives of Economic Recovery and Growth in view of the dwindling fortunes from oil and Gas.

He said:“ In pursuit of the national agenda, we have continued to reposition the ICT sector in the areas of infrastructure and industry development, local content optimization, enabling policy, legal and regulatory framework; deepening of ICT in Government and mainstreaming of ICT into all spheres of national life among others”.

In his goodwill message, managing director, Fintrak Software, Mr. Bimbo Abioye on behalf of the Institute of Software Practitioner of Nigeria (ISPON) urged government to provide enabling environment for software industry and habit of importation of foreign goods has to change in order to create employment in the country.

Also, president of Certified Computer Manufacturers of Nigeria (CCMON) Engr. (Mrs) Adenike Abudu urged people and the government to patronize local manufacturers in order to create more jobs in ICT sector adding that through collective promotion of Nigeria we move the country to the next level.

In his address, the Executive Governor of Ogun State, Senator, Ibikunle Amosun said, “we have also continued to ensure that economic and commercial opportunities in our dear State are further boosted through G2C (Government to Citizens) Solutions.

http://www.mcebiscoo.com/2018/11/nigerias-ict-sector-attracted-40bn-fdi.html

Firefire:
Professional liar & career liar!

“The total value of capital importation into Nigeria stood at $5,513.55m in the second quarter of 2018. This was a decrease of 12.53 per cent compared to Q1 2018, but a 207.62 per cent increase compared to the second quarter of 2017”

Total Foreign Direct Investment in Nigeria are in m$, where is this crook minister getting his Bn$ FDI figures from?


APC should please stop all these fraudulent liars & propaganda.

While it's obvious this empty head minister is lieng, your point that FDI being in the million $ range is incorrect. So, how much is the $5,513.55 million you put up there? That's $5.51 Billion.

Na chai APC n gangs lying every where....

God bless you

TrueLEADER:
What?

Are we not In trouble in this country with these set of Liars as our leader?


$40Billion is like our entire Foreign Reserve, so Sir, Where are the Investments? Where are the employment that follows such FDI? Where are the Advancement?