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The digital divide is a term used to describe the disadvantage in access to information which people without access to ICT suffer. [1] Nigeria's digital divide refers to the inequality of Nigerian individuals, groups, or organizations with regard to access to Information and communications technology (ICT) infrastructure or to the internet for daily activities. [2]
The digital divide in Nigeria is impacted by education, lack of electrical infrastructure, income, and urban drift, as well as a variety of other social and political factors contribute to Nigeria's growing digital divide. [40] [41] There have been efforts to reduce the digital divide by both government agencies and technology corporations. [42 ...
Several papers in the literature attempt to quantify the economic impact of increased product variety made available through electronic markets. [39] [40] Bar-Isaac et al. (2012) [41] derive a theory of when lower search costs will result in 'superstar' and 'long-tail' effects.
The Daily Times was a Nigerian newspaper with headquarters in Lagos.At its peak, in the 1970s, it was one of the most successful locally-owned businesses in Africa. [1]The paper went into decline after it was purchased by the government in 1975.
While this definition is adept at measuring the impact of digitalization on economic growth, it only focuses on the nature of output and offers an incomplete view of the Digital Economy's development. [12] In a bottom-up and broad perspective, the Digital Economy is "all industries using digital inputs as part of their production process".
In May 2021, the Central Bank of Nigeria announced that Nigeria would create a digital currency. [52] In July 2021 it further said that it will launch the pilot scheme on 1 October 2021. [ 53 ] Following these announcements, the central bank named Bitt Inc. in August 2021 as its technical partner for Nigeria's digital currency that would be ...
(Reuters) -Amazon.com pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial ...
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...