Nigeria loses N1trn annually to importation of software, devices – ONC

Nigeria loses N1trn annually to importation of software, devices – ONC

Nigeria loses over N1 trillion in foreign exchange annually to the importation of ICT devices and software, the Office for the Nigerian Content Development in ICT (ONC) has said.

ONC's national coordinator, Mr Inye Kemabonta, who revealed this at a press conference in Abuja yesterday, said Nigeria lost N250 billion to the importation of foreign software, and N750bn to the importation of millions of hardware.

He said 4, 000, 000 phones were imported into Nigeria every month while most of our data were hosted abroad.

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Nigeria loses over N1 trillion in foreign exchange annually to the importation of ICT devices and software, the Office for the Nigerian Content Development in ICT (ONC) has said. ONC's
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