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INCREDIBLE: Here’s how Ikeja Computer Village makes N540 billion in a year

For onlookers and those on the outside, the popular Ikeja Computer Village is just one other market which has grown over the years into the largest Information and Communication Technology hub in West Africa.

However, business owners and persons who trade within and outside the premises of the largest ICT hub in West Africa are well aware of the importance of the space as it is more than just a market.

In a recent interview, the President, Computer and Allied Products Dealers Association of Nigeria, Mr. Ojikutu Adeniyi, revealed that members of group make a staggering daily revenue of N1.5bn.

Ojikutu made the disclosure in a telephone interview with Punch adding that the Ikeja Computer Village, Ikeja, Lagos Mainland, was contributing meaningfully to the Gross Domestic Products of Lagos State and Nigeria through human capital development and employment.

According to him, “Computer Village is a significant asset to the economy of Nigeria having been recognised as a critical component of value chain in the country. We provide the highest number of ICT solutions in Nigeria and Africa at large. The market, also known as the hardware capital of Africa, employs the highest number of graduates in any market in Nigeria and Africa as a whole.

“As you are aware, the activities of Computer Village go beyond selling of mobile devices. It is a hub where a lot of technical activities go on. The level of repairs, refurbishment and software-related activities that are carried out here entails skills that are at par with the expertise needed for manufacturing mobile devices from scratch.”

Mr, Aadeniyi Ojikutu, President, CAPDAN

He further described the Computer Village as the largest Information and Communication Technology hub in West Africa, accommodating over 3,000 ICT Small and Medium Enterprises.

Meanwhile, he noted that CAPDAN has sealed a partnership deal with Silicon Valley of the United States to promote infrastructural development in the Nigeria’s Information Technology.

He said the strategic partnership with Silicon Valley CA USA would promote information technology infrastructure and growth in Nigeria adding that it would provide training programme for members and other human resources solutions for direct local and foreign internship placement.

In her remarks, the Chairman/Chief Executive Officer, Silicon Valley Nigeria Economic Development Incorporated, Chief Temitope Ajayi, said the partnership was in continuation of the SV-NED’s efforts to build a bridge between Nigerian emerging market and the US technology giants that could transform Nigeria’s products, market and professionals.

She stated that experts from Silicon Valley US, Stanford University, New York University, Morgan State University and University of San Francisco would during SV-NED’s second immersion programme, train Nigerian ICT professionals and stakeholders in artificial intelligence, the Internet of Things, business intelligence, blockchain, start-ups; computer software, hardware, middleware and genetics engineering, cloud, learning python, corporate executive, and SQL for data analytics.

Ajayi added that there would be training for data scientists, IT professionals, corporate executives, entrepreneurs, leaders inspired to innovate and senior-level technology executives.

She stated that not only that the participants, after comprehensive and intensive training, would be certified by Cisco, Oracle and IBM; but would also be exposed to technological development and dynamics in the US. She also said many competent and standardised software developers would have their intellectual properties purchased at mouth-watering prices and given consideration by foreign investors.

“The SV-NED Inc’s goal for bringing the 2nd Immersion Programme to Nigeria is to further promote economic stimulation and monetary growth potential for key businesses, the Federal Government agencies and for aspiring entrepreneurs, who see a future in the ICT.

“Ultimately, after the completion of the 2nd Immersion programme, certified participants can expect future paid internships and full-time job placement opportunities locally or internationally,” Ajayi said.



Idris Aina
Idris is a media and communications professional with keen attention to details. An entertainment enthusiast, he is an ardent fan of the team from the Red Side of Manchester with love for football banters. He tweets with the handle @arlomah.