5 Fast-Growing Tech Innovations in Nigeria

TechInAfrica – Nigeria is one of the African countries that started to cater to keep with technology to drive economic growth and job opportunities for its citizens. Technology is used in many industries, including agriculture, education, health, transportation, amongst others. As a result, tech innovations in Nigeria are growing and some are even growing faster than we thought.

These are five fast-growing key tech innovations in Nigeria:

eHailing

Currently, in Nigeria, there are more than 20 functional taxi apps that cover some of the geo-political zones, serving to meet the high demand for more convenient transportation in the country.

The taxi-hailing apps include Uber, Bolt, Oga Taxi, Pam Drive, Rideme, Holla, Smooth Ride, Easy Taxi, Rhezon: Tekra, Parkwest Cab, Naija Taxi, Carxie, Ride On, Ola Cab, Ofero, Waka4Town, Mr. Taxi, KarryGo. Drop, and Taxy Naija.

Fintech

Financial technology (Fintech) in Nigeria is among the key innovations that grow faster than everyone has imagined. It involves tech applications aiming to support and simplify banking and financial services. It is designed to automate, modified, manage, and organize commercial businesses globally.

In Nigeria, there are various sectors contributing in the Fintech scene in Nigeria, Including Payment Solution Service Providers or better known as Automated Machine (ATM), Mobile Banking, Point of Sale (P.O.S)/Merchant Services, Consumer or Business Lending, Cryptocurrency, Digital Investment, amongst others.

eJobs

The unemployment rate in Nigeria is respectively high. According to NBS, Nigeria’s unemployment rate in 2018 rose from 18.1% to 23.1%. Nigeria is home to 75% youth population between the ages of 17 – 40, who need the job opportunities.

In order to address youth unemployment in the country, local sites like Jobberman, HotNigerianJobs are created. In additions, international job sites like Fiverr, Upwork, and so on also help to give the opportunity for Nigerian undergraduates and graduates to work remotely online while at the same time be able to pursue their studies.

eLearning

eLearning is part of key innovations that are growing faster. Many universities have designed online courses for international students who can take it from their homes. eLearning platforms like Coursera, Khan Academy, and LinkedIn learning offer various free courses, including technology, science, math, physics, psychology, etc. These sites and the eLearning concept overall is embraced by Nigerian societies as it affects the country’s economic growth.

Online Media

The digitation of media like TV, Radio, and Music is the biggest tech innovations in Nigeria so far. The content is streamed and distributed online, make it easier and accessible for Nigerians, especially the one with African-themed.

Many local creators take YouTube and Instagram to distribute their content. Moreover, online TVs in Nigeria are constantly using young creators thus, add value to job creations. These TV stations include LindaIkejiTV, NdaniTV, AccelerateTV, RedTV, and WazobiaTV.