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Business Internet to Contribute $300bn to Africa’s GDP by 2025- Omobola Johnson



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Dr. Omobola Johnson, Nigeria's Minister of Communications Technology, yesterday in Lagos said that research has shown that the Internet can contribute up to $300bn to Africa’s GDP by 2025; and this is from an estimated 18 billion in 2013.

She stated this at the DEMO Africa event which kicked off at the Lagos Oriental Hotel in Nigeria to an expectant audience of top investors, IT buyers, IT consumers, Government officials and IT enthusiasts from across Africa, according to Daily Independent.

She said increase in the number of mobile subscribers has fueled increases in mobile internet use in Africa and we are considered to be at the cusp of a mobile internet revolution.

The Minister noted that predictions are that mobile internet use in Africa will increase twenty fold in the next five years.

“This is double the estimated growth rate in the rest of the world. Lower priced devices (in particular smart phones and tablets), increase investment in network infrastructure, and increase availability of spectrum for mobile broadband are among the factors that will drive this growth”.

“Africa is rising and it’s time to invest in Africa. Aside from Asia, we are the fastest rising continent and we are very excited as a government about the prospects that we are seeing in our young .I would urge the demonstrators to believe that it is possible to be the next Alibaba.”

#Nigeria #Africa #Internet #Alibaba

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