India has facilitated an investment worth about $10 billion to the African Continent through the Indo-Africa trade arrangement in the last few years. According to the Chairman, Telecom Equipment and Services Export Promotion Council (TEPC), Shyamal Ghosh, these investments have brought India closer to the Africa region.
According to him, India is an ideal partner for Africa because of the development the sector has witnessed since its revolution started.
Nigeria’s Minister of Communications, Adebayo Shittu, called for greater collaboration with India to boost the country’s ICT sector. According to him, the partnership would ensure that Nigerian businesses tapped into the reservoir of knowledge among their Indian counterparts, and develop technology-based solutions for the Nigerian, African and even the global market.
Quoting the International Telecommunication Union (ITU), Shittu said out of the 940 million people living in the least developed countries, most of them being in Africa, only 89 million people use the Internet, corresponding to a 9.5 per cent penetration rate.
The minister identified Nigeria as the fastest growing ICT market in Africa, and worldwide, which he attributed to the improving business environment.
Shittu noted that India had proven its capacities in the ICT sector, and is acknowledged as a preferred destination for services and outsourced research and development.
It is worthy of note that the ICT sector’s contribution to Gross Domestic Product in 2016 increased to 9.8 per cent, the telecommunication sector’s investment climbed to $68 billion, with $35 billion coming from indigenous operators.