“Our Multi-Stakeholder Approach will Make Lagos Smart City Project World Class” -NITDA
NITDA has a mandate to develop ICT parks in Nigeria. As part of the mandate, we have provided the platform multi stakeholder partnership and what has happened is that the Abuja Technology Village, which used to be purely a Federal Capital Territory (FCT ) initiative, funded by the World Bank, has now been taken a new look because NITDA showed interest in it by relocating the GSM village and some computer companies that were initially based in other parts of Abuja, to the Abuja Technology Village and we are currently negotiating a space where we will develop for them to fully settle in the Abuja Technology Village.
In Lagos, we have a flagship investment, in partnership with the Nigeria Computer Society (NCS), Information Technology Industry Association of Nigeria (ITAN) and the rest of the private sector like Chams Group, to drive Smart City in Lagos, located along the Lekki Free Trade Zone. We are partnering 21 Century to drive the software application for the Smart City and we have also established the office of ICT innovation and Entrepreneurship to coordinate all of our activities towards driving Smart City in Lagos.
Over the last five years, IT has doubled its contribution to Nigeria’s GDP from 4.5 per cent to 10 per cent , thereby accounting for about N50 billion of the N500 billion of the Nigerian economy after the rebasing the Nigerian economy.
Some young startups that started with nothing, are today, turning over N3 billion and this means that return on investment is on the increase.