THE IMPACT OF ICT ON THE NIGERIAN ECONOMIC GROWTH AND DEVELOPMENT
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STATEMENT OF THE PROBLEM
In Nigeria, provision of public infrastructure is grossly inadequate and poor. Necessary telecommunication services, as public infrastructure, needed for meaningful investment are lacking and, where found, are very costly. Teledensity in Nigeria is still very low.
The introduction of the GSM in Nigeria was to expand the teledensity in the country and to make telephone services cheaper and accessible to the common person as it had been introduced in some African countries like South Africa, Ghana, and Benin Republic among others. GSM is ICT based telecommunication that can contribute to the growth and development of any nation. These Telecommunication Networks have created significant effects on the gross domestic product (GDP) of Nigeria in terms of job creation, communication linkages, connectivity, security of lives, and reduced transport costs among other. Past studies on the developing economy have bothered on the challenges and roles of ICTs on economic growth (Carayamis and Popescu, 2005; Ndukwe, 2003, 2004; Igwe, 2005). Thus, this study examines the impact of ICT on the Nigerian economic growth and development.
1.3 OBJECTIVES OF THE STUDY
The general objective of this study is to analyze the impact of ICT on the Nigerian economic growth and development and the following are the specific objectives:
- To examine the impact of ICT on the Nigerian economic growth and development.
- To identify ways by which ICT can contribute to economic growth and development.
- To determine the factor limiting the use of ICT in all sectors of the Nigerian economy.
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