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| Computer and Electronics Business ideas in Nigeria
Nigeria's computer and electronics business sector includes the
consumer electronics retail market and the information and
communications technology (ICT) sector.
This market includes the sale of consumer electronics, computer
hardware and software, communications equipment, household
appliances, and photographic equipment. In 2022, the consumer
electronics segment accounted for 42.3% of the market's total
revenues. The market is expected to grow at an annual rate of
5.90% from 2025 to 2029, with a projected revenue of US\$17.3
billion in 2026.
Nigeria's ICT sector is the largest in Africa, with 82% of the
continent's telecoms subscribers and 29% of internet usage. The
ICT market is expected to grow from US\$32.83 billion in 2025 to
US\$76.14 billion by 2030.
Some of the products in the consumer electronics market include:
Audio systems, Flat screen TVs, DVD players, Video games,
Telephones, Laptops, Air conditioners, Laundry machines, Desktop
computers, and Printers and scanners.
Nigeria's consumer electronics sector is thriving, driven by the
growing middle class, urbanization, and increasing disposable
income. With a rising demand for technology and digitalization,
the sector presents significant opportunities for investment and
growth, particularly in local manufacturing and distribution.
The Nigerian consumer electronics market had total revenues of
$4.7 billion in 2022, representing a compound annual growth rate
(CAGR) of 3.4% between 2017 and 2022.
The consumer electronics segment accounted for the market's
largest proportion in 2022, with total revenues of $2 billion,
equivalent to 42.3% of the market's overall value.
Nigeria is regarded as Africa’s largest ICT market with about
82% of the continent’s telecoms subscribers and 29% of internet
usage. Sub-Saharan Africa is also projected to be the world’s
fastest growing region with a compound annual growth rate (CAGR)
of 4.6% and an additional subscriber enrollment of over 167
million in the next five years. Nigeria is expected to account
for over 55% of this. The NCC estimates that the country has
about 85 million broadband subscriptions (penetration of 44%)
and 206 million lines in the voice segment (teledensity of 108%)
as of June 2022.
Much like the federal government, several states have begun to
implement policies and ICT projects that may help to attract ICT
investments and create an enabling business climate for their
regions. The Lagos state government announced the construction
of a free tech zone that would allow for growth and financing of
innovative ideas and may become one of the major technology
clusters in West Africa. Similarly, the Edo state government is
promoting a live-work-play project that is expected to support a
dynamic environment for innovation, growth, and development in
technology.
The Federal Ministry of
Communications and Digital Economy has overall responsibility
for the ICT sector. The ministry also has purview over three
different agencies including the NCC as the regulator for the
telecoms industry; the National Broadcasting Commission (NBC)
regulates the broadcast industry; and the National Information
Technology Development Agency (NITDA) is responsible for digital
policy implementation.
The trainings are mostly conducted by self employed
master-craft-men and women in the Computer and Electronics
Industry.
After completing a training program, a certificate of
participation would be issued to the attendees, verifying their
attendance and involvement in the Practical Training.
After the training you have the option of marketing your product
and services through the social media platform
Digital marketing has become an essential part of contemporary
business operations in Nigeria. With the proliferation of
internet-enabled devices and social media platforms, businesses
can now reach a wider audience than ever before. Digital
marketing involves creating and sharing content through digital
media channels to promote brands, sell products or services, and
engage with customers. In Nigeria, digital marketing has evolved
significantly in recent years, and businesses are leveraging
various digital channels to reach their target audiences.
After the practical training our in house digital marketing
expert will assist you and take your new Business to the next
level this will presents a significant opportunity for your
company to reach a large and growing audience.
With the new generation of youths who understand the value of
technology, Nigeria and other African countries are set to
witness a massive growth in the tech industry soon.
If you want to take advantage of the business opportunities in
the tech industry and Electronics Industry, here are the
business ideas you can start in Nigeria
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