The Minister of Communications, Adebayo Shittu, has said that broadband penetration in the country had increased from 10 per cent in 2014 to 23 per cent by October 2018.
The minister stated this at the e-Nigeria Conference organised by the National Information Technology Development Agency (NITDA) in Abuja on Monday.
He said, “The Nigerian ICT sector is open for investment and it is noteworthy that the Foreign Direct Investment in the sector has increased from $3.2bn in 2015 to $4bn in 2018.
“Emerging disruptive technologies are also creating new industries and we can take advantage of this to further attract FDI to the sector.”
The Director-General of NITDA, Isah Ibrahim Pantami, noted that all nations of the world were migrating from resource-based economies to knowledge-based economies.
According to him, this informed the choice of the theme of the conference – Promoting Digital Economy in an Era of Disruptive Technologies through Effective Regulation.