2017 Innovention Series
Internet penetration in Africa has been gathering momentum over the last half-decade as we seek to close gap on ICT with western climes and with all these trends, Nigeria leads the continent and is expected to be among the top 10 internet using countries in the world by 2018.
In recent years, a lot of African countries have embraced technology as a driver of development. According to statistics updated in June 2015, Africa has 28.6% Internet penetration with Nigeria having 11.3% of the total penetration in Africa.
This shows that Nigeria is a big player in the African market.
Africa is gradually moving from a resource-based economy to knowledge-based, innovation-driven economy. This has helped in impacting our youths as more of them above average exposure to the Internet; sharing ideas, content and commercial opportunities seamlessly across the globe. These giant strides have happened regardless of red tape bureaucracy that typifies governance across the continent.
Amidst these giant strides in technology, there still remains a large demographic of young people, mostly women, who remain in rural and semi-urban areas, below the poverty line and seem unable to tap into this new economy.
The Innovention Series will attempt to provide pragmatic ways of helping Africa’s young, yet vulnerable population gain the requisite skills to lift themselves out of poverty and participate in the global economy now dictated by technology.
SMEs who are also key to Africa’s growth also need to efficiently harness the power of technology to make a quantum leap so they can contribute to helping Africa develop on a continental scale.