Beruflich Dokumente
Kultur Dokumente
LARGE
By Oni Damilola
firms that undertake it. Second, IT has the potential to allow firms to implement
efficiency-enhancing changes in the way they do business.
All seven regions of the world economy experienced a surge in investment in IT
equipment and software after 1995. The impact of IT investment on economic
growth has been most striking in the G7 economies. The rush in IT investment
was especially conspicuous in the U.S., but jumps in the contribution of IT
capital input in Canada, Japan, and the U.K. were only slightly lower. Following
the G7, the next most important increase was in Developing Asia, led by China.
The Non-G7 industrialized economies followed Developing Asia. The role of IT
investment more than doubled after 1995 in Latin America, Eastern Europe, and
North Africa, the Middle East, and Sub-Saharan Africa.
Nigeria has not been left out in the IT surge has many advancements have been
made in the last 5 years. Perhaps the most popular technology in the last 5
years has been the advent of G.S.M technology which has had far reaching
implications on the economy .The advent of G.S.M has helped
telecommunications tremendously which in turn has had a ripple effect on the
economy most especially boosting the general use of the Internet and Internet
related services
Improvement in information technology has also facilitated more transactions in
the economy. In the past 3-5 years tremendous advances have been made that
made payments on the internet and other channels such as ATMs, self service
kiosks, POS terminals and other generally accepted channels
Despite all these however there are still some inherent gaps in the application of
information technology in the economy. If some of these gaps can be rightly
addressed the Nigeria will be the leading ICT solution provider within the next
decade.