You’ve probably heard of the famous Computer Village, but don’t know much about it as Lagos commercial hub.
Here are eight interesting facts you didn’t know about Computer Village:
1 Computer Village is the largest Information and Communication Technology Accessories market in Africa.
The market specializes in a wide range of business activities such as sales of tech gadgets and ICT accessories, repair of computers and mobile phones among others.
2 The famous hub is situated in a community in Otigba, at Ikeja, the capital city of Lagos State.
Its activities are regulated by an independent body known as the Computer & Allied Product Dealers Association of Nigeria (CAPDAN).
3 Despite her many challenges, the computer village still serves as the largest marketplace for tech gadgets in Nigeria.
Much of the troubles range from theft to sales of fake or unlicensed products and a government bent on its relocation. Regardless of all these, her economic impacts in the nation are undisputable.
4 According to reports, more than 20 million mobile phones are sold at computer village on a daily.
Studies also showed that computer village generates more than $2bn annually, representing 2 percent of the country’s GDP. Furthermore, the community generates over 60 million naira in levies for Ikeja metropolitan area.
5 With over 3000 small and medium scale enterprises, the hub is referred to as Nigeria’s Silicon Valley.
Silicon Valley located in California is home to the world’s biggest tech companies such as Apple, HP, Adobe, Twitter, Facebook, etc. It contributes about $235 billion annually to the GDP of the United States.
6 The Computer Village are opened daily with exceptions for Sundays and public holidays.
These daily business transactions and popularity has attracted new ICT dealers and investors across Africa, thus expanding its market.
7 The Tech market was once located at Ogunlana Drive, Surulere during early 1990s and its current location at Otigba was a mere residential area and offices. Recently, Lagos State Government planned to relocate the market to Kantagora.
8 In September 2018, the world’s largest tech company, Google gifted the computer village a wifi-station when it launched its free connectivity service in Lagos.
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