Measure Of The Impact Of Information Communication Technology (ict) On Economic Development

CHAPTER ONE 1.1 Background of The Study The financial organization is considerably one of the largest industries in Nigeria providing employment for an estimated twenty two thousand people nationwide and generating 9% of the annual GDP of the country. Nigeria is considered to be one of the fastest growing telecommunication nations in Africa, investing heavily in ICT and related information technology Chiemeke et al (2006). One of its major investors has been the banks, however, with their major investments, the use ICT has arguably has an effect in efficiency and has made operations faster nev…