The Effect of Computerization on the Growth of Nigerian Economy

With an emphasis on the ICT sector's contribution to GDP, increased productivity, and job creation, this study examines how computerisation has affected the expansion of the Nigerian economy. Computerisation has revolutionised important industries including banking, telecommunications, public administration, and e-commerce over the last ten years, increasing productivity and stimulating innovation. Nigeria's ICT sector now accounts for more than 17% of the country's GDP, demonstrating the profound influence of digital technology on economic growth. The study identifies important turning points, such as the implementation of e-governance systems that have decreased corruption and increased openness, such as the Integrated Payroll and Personnel Information System (IPPIS) and the Treasury Single Account (TSA). Furthermore, the quick development of mobile banking and fintech has increased financial inclusion and produced new job opportunities.Notwithstanding these advantages, the study notes drawbacks such the digital gap between urban and rural areas, cybersecurity risks, and insufficient digital infrastructure. These obstacles make it more difficult for the advantages of computerisation to be distributed fairly, especially in underprivileged areas. In order to solve these problems, the report emphasises the significance of making calculated investments in digital literacy initiatives, broadband expansion, and sustainable energy solutions. The results show that computerisation is a key factor in Nigeria's economic expansion and ability to compete internationally. To overcome current obstacles and guarantee that digital transformation benefits all facets of society, however, consistent efforts are needed. This study advances knowledge of the economic effects of computerisation and offers suggestions to policymakers on how to best utilise its promise for sustainable growth.