The Federal Republic of Nigeria has reached advanced talks with Chinese investors to invest about $15 Billion into Nigeriaâ€™s information and communications technology (ICT) sector.
This would create opportunities not only for generating 40 million new jobs but also for further diversification of the industry.
Adebayo Shittu, Nigeriaâ€™s Minister of Communications, said that together with their industry delegation, he went to China to discuss with Chinaâ€™s investment community about the potential in the Nigerian ICT industry.
Shittu added, â€œThe Chinese investors have decided to come to Nigeria to invest about $15 Billion into our ICT sector.â€
The minister of communications also attended an international conference on space technology in Belarus.
The visit in Belarus coincided with the award of a Carrier Spectrum Management (CSM) contract by the Republic of Belarus to the Nigeria Communications Satellite Limited (NigComSat), one of the agencies in the ministry.
Nigeriaâ€™s federal government sees ICT as a key element for inclusive as well as progressive diversification and development of their economy.
With this move from the Federal Republic of Nigeria on their ICT sector, IPTV would be one of the leading technologies to benefit. It would allow the people of Nigeria to go to the latest IPTV technology like MatrixStreamâ€™s.
MatrixStream is already working with providers in the Africa region and would be a great fit for Nigeria.
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