ABUJA: Nigeria’s software market is worth an amazing $12bn, the Nigerian Content Development and Monitoring Board (NCDMB) has revealed.
The board according to Ventures Africa said the Software sub-sector of Nigeria’s Information and Communications Technology (ICT) sector can be further developed if the industry sees the same effort meted out to the Nigerian Oil & Gas Industry Content (NOGIC) act, which it said is improving significantly.
Dr. Ernest Nwapa, Executive Secretary of the NCDMB, posited that political will was the principal critical success factor in driving local content growth.
Experts had blamed the lack of proper policies and action plans as an impediment to the growth of the industry currently valued at about $12 billion.
“In doing these, we have been able to create robust local supply chains. Implementing local content in any sector of the economy requires a strong political will to enforce, which contributed to the success my agency has recorded so far,” he said.
