LCCI canvasses partnerships to deepen ICT sector
The Lagos Chamber of Commerce and Industry (LCCI) has called on government and private sector players to explore the Public Private Partnership (PPP) model for the needed infrastructure investment in the information and communications technology (ICT) sector.
The chamber stressed that the industry could contribute more to national development if the needed infrastructure and policies are in place.The Guardian checks indicated that the sector currently contributes over 10 per cent to the nation’s Gross Domestic Product (GDP), with the telecoms arm alone accounting for $70 billion investment.
LCCI President, Babatunde Ruwase, at the announcement of the 2018 ICT Expo (ICTEL) holding from July 25 to 26 in Lagos yesterday, said for the PPP model to work, government must provide a conducive environment where ICT business thrives.
The 40th president of the chamber noted that the ICT ecosystem needed more investments to meet the growing changes in the world of technology.According to him, the need for the country to continue to invest in new solutions informs the theme of this year’s expo, “Developing Efficiency and Competitiveness in the Digital Age.”
He noted that the sector has continued to drive entrepreneurship, innovation and sustainable business models in Nigeria and beyond.Ruwase said: “Technology-driven service delivery and mobile payment solutions have transformed the way we do business today. But the ecosystem in Nigeria needs fresh investments and ideas to remain afloat.”
To the Chairman, Trade Promotion Board, LCCI, Gabriel Idahosa, the conference would address the current trends in the sector and review extant government policies.He said best practices were critical to the sustenance of the sector, adding: “This would also form part of the discussion at the event.”
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