The Minister of Communications, Dr. Adebayo Shittu, has urged local industrialists to invest in young ICT savvy Nigerians for the development of their innovative ideas in the country.
He made this known during the visit of the Lagos Chamber of Commerce and Industry (LCCI) Committee on Specialized Exhibition led by its Chairman Engr. Leye Kupoloye on forthcoming ICT Expo in Lagos at the ministry’s headquarters, Abuja.
The Minister pointed out that it is necessary for LCCI to encourage local industrialists and entrepreneurs to support the youths that possess innovative ideas on ICT for them to grow and develop the country.
The Minister reiterated the need for the local industrialist to be active in the ICT sector to compete with foreigners coming to buy innovative ideas from ICT savvy young Nigerians and turn it into viable products and resell to Nigeria at exorbitant prices.
“The private sector has a lot of money wasting away in the banks and to bring them out and take business risks is what our people would not do. This is one area I believe we have to do a rethink,” he said.
He pointed out that young Nigerians sponsored by the government through National Information Technology Development Agency (NITDA) and Nigerian Communications Commission (NCC) to oversea Expos.
Earlier, the Chairman, Specialized Exhibition Committee of the Lagos Chamber of Commerce and Industry, Engr. Leye Kupoloye said that they were in the Ministry to seek for the participation and support of the Ministry in the forthcoming ICT Expo in Lagos.