Nigeria’s ICT market loses billions as foreign firms control 80% share

Despite the enormous growth and influence Nigeria’s Information and Communications Technology (ICT) sector has recorded in the last 20 years, activities of local firms remain low, making foreign firms to continue to dominate.

Currently, foreign brands, especially in the computing segment, control over 80 per cent of the market, leaving about 20 per cent to some indigenous players.

The Guardian learnt that multinational ICT manufacturers like Samsung, HP, Dell, Acer, Asus and vendors (Huawei, ZTE and Ericsson) continue to take control of the hardware market. This leaves indigenous operators like Zinox Computers, Brian Integrated Systems, among others, to battle to ensure that they are not pushed out of the market completely.

It was also learnt that about four million ICT devices enter the country on a monthly basis. This means that Nigeria continues to lose huge revenue in capital flights owing to the importation of hardware products. According to ICT experts, Nigeria remains a dumping ground for all forms of technologies, even those that are substandard.

The Guardian, April 9, 2018

 

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