Nigeria is most viable IT investment destination – Kashifu Inuwa

Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has declared Nigeria as the most viable Information Technology (IT) investment destination in the world. Addressing an international audience of tech giants, he said the country ticks all the boxes in terms of size, population, youth demography, government support, legal and regulatory framework. At […]

Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has declared Nigeria as the most viable Information Technology (IT) investment destination in the world.

Addressing an international audience of tech giants, he said the country ticks all the boxes in terms of size, population, youth demography, government support, legal and regulatory framework.

At the 2023 Digital Life Design (DLD) conference in Munich, Germany, Kashifu predicted that by 2030, there would be a global shortage of 85 million IT professionals, advising the world not to overlook Nigeria.

“The average age in Nigeria is 19; we have a demographic advantage. We will become the global IT talent factory”, the NITDA chief stressed.

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“You can live in Nigeria but work for Western companies, the start-ups offering this are already there. India has been leading and we need to do something about that.”

Kashifu expressed concern that Africa is almost ignored because “some people think nothing happens there economically anyway”.

He gave an example of Mo Ibrahim who founded a mobile phone company in Sudan but was advised against it since the people were poor.

The IT expert recalled that after a few years, the British-Sudanese entrepreneur sold Celtel, now active in 13 countries, for 3.4 billion dollars.

“Nigeria has 15 percent of the continent’s 1.4 billion population and a significant percentage of its GDP. Of the seven African unicorns (start-ups) worth more than a billion dollars, five are from Nigeria”, Kashifu said.

The DG added that the Nigerian government backs tech firms with funds, while working on legislation to regulate the IT industry and safeguard investments.