Information Communication Technology: A Resource for growth and Poverty Alleviation.

With the rapid growth of e-commerce, africa remain sligthy backward, in recent years major development in the information technology industry has greatly shown how viable the sector can be with every penny investment in the industry yielding over a hundred and ten percentage (100%) rate of return not considering the mutiplier effect.

Internet and Information Technology the world over has a myriad of applications ( which applies to or cover every facet of human endevour/activities. The conventional/traditional ways of doing business is ever changing in a fast paced technology driven world, ever function that has a physical process is now being done online in real time with specialised softwares setting the standards for a newer heights.

With the launch of Nigeria's communication satellite (the Nigcomsat1) and a fair share of problem bordering on power failure, high crime rate, high cost of transportation, high rate og unemployment and rising price, the lauch would have been seen as a misplacement of priority, but this has a positive side to developing the the communication sector: Broadband internet, telecommunication-rural telephony and also cable and satellite tv. What is however worrying is the sustainability, as described above information technology has a wide application which is in line with the launch of the satellite, for effective use of the technology, the power sector much be fully operational, tax policies must be formulated to promote trade, also the high level of graduate much me macthed and adequately trained on information technology and other applications as a way of reducing the rate of unemployment thereby increasing the level of productivity. Information commucation technology as a knowledge based economy and e-commerce can adequately employ more than 90% of all gradutes even in specialised field, the developing world can not afford to complacent in looking inwords, with a significant level og human resource in Nigeria, we stand to be an emerging power in a an ever changing world. The clock is ticking.