Weekly Economic & Business Review

Key Highlights
 
ECONOMIC DEVELOPMENTS

NSE Commences New Market Segmentation
CBN Outlines New Agriculture Policy
Nigeria’s Population Rises to 168million
 
GLOBAL DEVELOPMENTS
US Economy Expands at Fastest Pace in 3rd Quarter, 2011
Brazil to be World’s Sixth Largest Economy in 2011
OECD Cuts Growth Forecast for the Eurozone and US
 
INDUSTRY IN FOCUS: INFORMATION COMMUNICATIONS TECHNOLOGY

SUMMARY

The importance of the ICT sector cannot be overemphasized especially as regards its contribution to national development as it is critical to developing countries if they must leap-frog along their development vector.  The real challenge is to strategically deploy ICT in a manner that simultaneously improves ordinary citizens’ lives.

To make the desired changes in the ICT industry, Value Added Services, Device sales and distribution, Software development are priority areas for intervention.

Furthermore, it is important to maximize the opportunities of the ICT sector through engendering affordable broadband infrastructure access, promoting local content development, developing the ICT industry and deploying ICT for transparent and cost-effective public service.

As always, we hope you find it interesting and insightful.

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