Adoption rate of new technology in nigeria

The adoption rate of new technology in Nigeria is a complex and multifaceted phenomenon that is influenced by various factors. Here are some general trends and statistics that provide insights into the adoption rate of new technology in Nigeria:

1. Mobile phone penetration: Nigeria has one of the highest mobile phone penetration rates in Africa, with over 95% of the population owning a mobile phone. This has led to a high adoption rate of mobile-based technologies such as mobile banking, mobile money, and mobile commerce.
2. Internet penetration: Nigeria has a relatively low internet penetration rate, with around 40% of the population having access to the internet. However, this rate is increasing rapidly, driven by the growth of mobile internet and the expansion of internet infrastructure.
3. Social media adoption: Social media is widely used in Nigeria, with over 70% of the population having a social media account. Facebook, WhatsApp, and Twitter are the most popular social media platforms in the country.
4. E-commerce adoption: E-commerce is growing rapidly in Nigeria, with online shopping platforms such as Jumia, Konga, and PayPorte becoming increasingly popular. However, the adoption rate of e-commerce is still relatively low, with around 10% of the population making online purchases.
5. Financial inclusion: Nigeria has made significant progress in financial inclusion, with over 60% of the adult population having access to a bank account. Mobile money and digital payment platforms such as M-Pesa, Paga, and Interswitch are also gaining popularity.
6. Technology adoption by sector: The adoption rate of technology varies across different sectors in Nigeria. For example:
   • Healthcare: The adoption rate of technology in the healthcare sector is relatively low, with around 20% of healthcare providers using electronic health records (EHRs).
   • Education: The adoption rate of technology in the education sector is moderate, with around 40% of schools using digital learning platforms.
   • Agriculture: The adoption rate of technology in the agriculture sector is relatively low, with around 10% of farmers using precision agriculture techniques.
7. Barriers to technology adoption: Despite the growth of technology adoption in Nigeria, there are still several barriers that hinder its widespread adoption. These include:
   • Limited access to electricity and internet infrastructure
   • High cost of technology and digital services
   • Limited digital literacy and skills
   • Security concerns and cyber threats
   • Regulatory challenges and lack of policy support

Some statistics that provide insights into the adoption rate of new technology in Nigeria include:

• According to a report by the Nigerian Communications Commission (NCC), the number of active mobile phone users in Nigeria increased from 100 million in 2015 to over 150 million in 2020.
• A report by the International Telecommunication Union (ITU) found that Nigeria's internet penetration rate increased from 10% in 2010 to 40% in 2020.
• According to a report by the Global System for Mobile Communications Association (GSMA), Nigeria's mobile money market is expected to reach 100 million users by 2025.
• A report by the Nigerian Economic Summit Group (NESG) found that the e-commerce market in Nigeria is expected to reach $10 billion by 2025.

Overall, while there are still several challenges that hinder the adoption of new technology in Nigeria, the country has made significant progress in recent years, and the adoption rate of technology is expected to continue to grow in the future.