The outstanding performance of technology in our lives remains an effect that we can’t downplay.
From how we communicate to how we live, technology has played and still playing huge roles in our activities. We have come to the reality that, technology has turned this massive planet into a small global village. Emerging technologies have brought about a significant improvement in our work lives and health.
Irrespective of our thoughts, technology has also become an integral part of our livelihood across developed, developing, and underdeveloped economies of the world.
Mallam Kashifu Abdullahi, the Director-General of the National Information Technology Development Agency (NITDA) has reiterated that technology would spring up as the driver of Nigeria’s economic growth in the areas of communication, information, agriculture, education, and health.
According to Inuwa, technology has the potential to drive the economy in implementing a robust and vibrant digital economy.
Sooner, oil resources would be overtaken by technology to become a key source of revenue for Nigeria while adding the biggest contribution to the country’s Gross Domestic Product (GDP).
Taking a look at a number of the world’s leading technology firms, indications reveal that they have recorded annual revenues than the national budget of most countries.
Facebook, Google, Apple, Microsoft, and Amazon to mention a few are raking in billions of dollars in revenue annually.
As of August 2020, Amazon’s revenue was $280.5 billion; Apple raked in $260.2 billion; Google made $161.9 billion; Microsoft around $143 billion while Facebook grossed $70.7 billion. Apparently, the yearly revenue of these giant tech companies is more than Nigeria’s 2020 national budget.
Featured Image: Mallam Kashifu Abdullahi, Director-General, NITDA
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