5 Reasons Nigeria’s Tech Sector is Set For An Explosive Growth

5 Reasons Nigeria’s Tech Sector is Set For An Explosive Growth

The contributions of technology to the economies of countries like China, South Korea, and the United States can’t be measured. The growth of tech has peaked in these countries. Tech giants like Apple, Google, Tecno, and Samsung are domiciled in these countries.

Nigeria and perhaps other African countries are just teething when it comes to technology although there are some encouraging potentials for growth in the near future. Here are 5 reasons to be confident about the future of Nigeria’s technology space.

Mark Zuckerberg’s visit to Nigeria

The first ever visit of the CEO of Facebook to sub-Saharan Africa shows that Nigeria is doing something right when it comes to technology. This visit was a huge boost for technopreneurs and persons who deploy technology for their various businesses.

Tech hubs are springing up

Until recently, there were very few tech hubs in Nigeria. You cannot finish tallying your ten fingers when counting the number of hubs then. But today, there are many tech hubs that provide work spaces for growing startups and also expose them to opportunities

Significant rise in internet penetration

There is no doubt that Nigeria leads internet usage in Africa. Thanks to cheaper mobile phones and broadband connection. According to statistics from internetlivestats.com, internet penetration in Nigeria is 46.1% and this is a 2.5% share of world internet users. However, there is much to be done as Nigerians without the internet are on the highside-100,767,598 acc