The Minister of Communications, Barrister Adebayo Shittu has said electronic commerce could employ over 40 million Nigerians.
Shittu, who spoke at the maiden Communications Sector Retreat organised by the Ministry of Communications in Ibadan, lamented that with such huge potentials, the Information and Communications Technology (ICT), industry’s commensurate impact has not been felt in the lives of many Nigerians.
Shittu maintained that the retreat would open up strategic and suitable roadmap in the country, adding that ICT has come to stay and could soar especially as it currently contributes 9.58 per cent as much to the GDP as Oil and Gas.
“It is arguably one of the fastest growing sectors of the Nigerian economy and is the second largest, soon to be the largest, ICT market in Africa. Given the absence of fiscal buffers in a time of low oil prices and rising unemployment, ICT, which already employs more Nigerians than the oil and gas sector, is poised to drive growth.
“Industry analysts suggest that ICT tools, devices, software solution, IT outsourcing and e-commerce sector alone could employ over 40 million Nigerians and contribute billions of dollars to our economy when appropriately channelled and nurtured,” he said.