‘Nigerian consumers are internet friendly’
The President of the Nigeria Internet Registration Association, NIRA,
Engr. Sunday Folayan, claimed that the Internet of Things, IoT, has
brought positive impact on the country as the economic pattern of
consumers in the value chain is gradually embracing the use of
technology in their daily transactions.
Speaking to Glamtech, Folayan said that both IoT and the
next generation of technologies and solutions would continue to make
positive impact on Nigerian businesses and economy in general.
“The country now attracts more foreign direct investment from global
firms, infant industries are gradually developing to competitive firms,
investors are also buying into the current policies by the new
administration, it is worthy of note that the internet has brought
numerous positive impact to the nation,” he noted.
He recalled that a Nigerian online store was reported last year to
have made impressive sales on a boxing day alone, which was more than
the annual sales of the average store for the entire year. This
development, he claimed, is an example of the positive impact that the
internet has brought to businesses in the country.
Although, he pointed out that IoT would allow Nigerian businesses do more, with less human errors and minimum manipulations.
Because of the revolution taking place in the pattern in which
business and other economic transaction are being sourced, he predicted
that in the future, “vechicles will report risky driving patterns to the
insurance companies directly, so that good and decent drivers will get
better premiums directly, without anyone assessing them.”
