Explore Top Companies in Nigeria
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We are a web design and software development company in Abuja, Nigeria. We provide services that help brands to grow digitally. We also offer services...
SMM Birds provides opportunities for businesses and individuals to thrive by improving their social media engagement.
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Turning ideas into beautiful thing.
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BluDive Technologies is a digital solutions agency that helps corporate brands unlock the power of technology to serve their clients.
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Poterby Media is a full-service digital marketing agency in Lagos, Nigeria. Specialize in helping businesses increase and generate leads.
SA&B Mega Resources is a fully integrated Marketing Communications company with immense capacity to provide bespoke and premium 360 degree communi...
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Alpha Partners is a reputable firm of Training Company in Nigeria with many years of corporate training experience in many fields of human endeavour.
We are a full-fledged brand development and web development agency. We bring ease and simplicity to business processes and customer experiences.
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Forbes Global Project Logo aims to be the world’s largest online repository of brand logos, made available for free in several vector and PNG formats.
Etu Odi Nigeria is an award winning Advertising and Marketing Agency. Etu Odi stands for ‘the way it is’ or ‘the true nature of things’, and in as muc...
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Vassion Media is aimed at helping businesses make more sales and revenue, by creating awesome digital experiences.
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We help you get the most using digital space
Optimum Billboards: Your premier source for impactful outdoor advertising solutions in Nigeria.
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Designers with Passion
Build Strong Digital Presence
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We render services to build businesses, brand, creating awareness and making it yield more profit and high in the digital sector.
Bm-Henry is a premier Building Construction and Engineering company located in Egbeda, Alimosho, Lagos. With a reputation for quality craftsmanship.
The Leading Cost-Effective Edge Cloud Infrastructure, Compute, Storage, Network, Backup & Disaster Recovery as a service provider within West Africa.
Let' help take your brand to the next level
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Abbakin Glova is a digital marketing & advertisement agency located in Lagos Nigeria. We provide better opportunities for businesses to leverage t...
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The 10X SEO & Digital Marketing Agency.
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We are a group of dedicated and perceptive individuals that brings your ideas to life.
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When targeted and planned, bus advertising offers fantastic results for brands and service providers by placing your advertisement on specific bus rou...
PrimeGate Digital is a Result Driven Digital Marketing Agency that strives to go beyond ‘Conventional Digital Marketing’ to get you the right performa...
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The ICT Industry in Nigeria : 2021 Report
Nigeria’s ICT sector was worth an estimated $32.48 billion in 2017, constituting 31.7% growth from 2016. The telecommunications segment makes up the vast majority of this at around $2.1 billion. Other important contributors are broadcasting, data center services, cloud, IT, and BPO.
Nigeria’s combination of relatively stable governance, strategic location, and young and innovative population has made it an attractive destination for multinational companies. Several notable firms such as Oracle, IBM, Microsoft, Cisco, HP, and SAP have offices in Nairobi, and some have based their entire African operations from these offices.
Why you should work with Nigerian IT companies
Digital service providers in the cloud and BPO markets are largely involved in the provision, rather than the development, of services, whilst Nigerian firms are more prevalent in the fintech and eCommerce markets. The physical technology required for the delivery of digital services is typically imported, and it is not clear that Nigeria could produce these products more efficiently.
A key strength in the digital services market is the acceptance of mobile services. Any consumer solution entering the market would have to be mobile-compatible. Mobile healthcare services are expected to grow particularly rapidly as the sophistication of these offerings increases.
In addition, the CEO of Toniceli considers that one of the competitive advantages Nigerian IT companies have compared to those established in neighboring countries is the challenging conditions. Here in Nigeria, we're used to working in challenging and stressful environments. This gives us grit especially when faced with challenging projects. It's just a part of our nature to face challenges headlong and not to back down.
What to pay attention to when working with Nigerian IT companies and web agencies
On the consumer side, it is vital that any proposed digital service offering be mobile-compatible due to the prevalence of mobile usage in Nigeria. Furthermore, smartphone penetration in the region is steadily increasing, thus increasing the sophistication of viable digital service offerings.
Given the acceptance of fintech by the Nigerian population, a possible route to entry in the consumer market is to acquire one of the many smaller fintech firms in the industry. This would resolve some of the primary barriers to entry, most specifically bureaucratic red tape and a lack of local knowledge.
On the corporate side, the most effective route to entry is likely through partnerships with smaller local resellers. This model is already popular in the Nigerian market. A key differentiating feature here will be how well the service adapted to the Nigerian market.
How reliable are Nigerian-based IT companies?
Considered to be one of the biggest African IT hubs, Nigerian web agencies and IT companies compete only with Ethiopian ones in terms of reliability. As many foreign companies have already invested and thus developed the local IT infrastructure and industry overall, Nigerian IT companies find it easier than other neighboring countries to enter the global market and provide their services for accessible prices.
How the Nigerian IT industry relate to the neighboring countries?
Nigeria is actively trying to establish itself as a key ICT hub in the East African region. The country appears to be making good progress in this regard, helped by having a strong connectivity infrastructure and a young, innovative population. Despite this, the country currently faces considerable political uncertainty, and issues surrounding the transparency of tenders remain a major barrier to growth.
Although Nigeria’s score for the metric measuring the economic impact of ICT is not high in absolute terms, it ranks 54th in the world. This supports the conjecture that businesses, government, and consumers will be receptive to new technologies as ICT has already had a substantial impact on the Nigerian economy.
The Business Environment in Nigeria
The CEO of Toniceli - a leading Nigerian IT company, Oluwayomi Olabanjo states that The Nigerian business environment is one which is quite growing rapidly. Most business environments are still very much clustered in the city of Lagos, but over the years, there's been an expansion in economic clusters in other cities. There had been challenges in infrastructure, policies, power, and access to professional training and education, however, things have been getting better over time, especially with the coalition of private and public enterprises addressing these challenges headlong. I would say the biggest factor we've had working for us in the Nigerian market is the availability of youthful talent and the increasing flow of foreign and local capital into the market.
What Makes Nigeria Attractive for International IT Companies?
Oluwayomi Olabanjo mentions on this topic that What makes it attractive is the abundant supply of youthful talent. However, unstable government policies, infrastructure, and power shortages are challenges making it unattractive for international IT companies.
Yet, the Nigerian Communications Commission had been doing quite a lot with the startup bill and also with the establishment of public-private incubator programs within the country. I really do believe they should be given credit for this.
Lagos, Ibadan - Best cities for doing IT business in Nigeria
Lagos due to the fact that it has always been the economic hub of the country, hence the IT industry has found it quite easier to experience growth in that space.
Ibadan due to the fact that it is a fast growing economic hub and also, there's less capital expense in setting up and running a company here. - mentioned Oluwayomi Olabanjo.