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ICT FOR ECONOMIC GROWTH AND RECOVERY IN A RECESSION ERAOforji, Jerome C and Ibegbu, Kelechi CABSTRACT
Embracing the Information and Communication Technology (ICT) for economic success is very apt and has become imperative. Today more than ever, technology, and in particular, Information and Communications Technology ((ICT), is seen as one of the main factors that lead to economic recovery and sustained economic growth in the country. ICT has become a vital factor of the infrastructure behind competitive economies. Since Productivity is the keystone of economic growth and development, it is pronounced that investing in ICT can make the country more productive and competitive. This paper, however, looks at the integration of ICT towards economic growth and recovery in the current recession era by the investment of ICT in various sectors of the economy to enhance higher productivity, boost job creation and reduce the overall cost of production. Because ICT has the capability of ensuring market competitiveness and cooperation, increasing efficiency and productivity, reducing production cost and optimizing profit, increasing the security of transaction; this paper, therefore, recommends that the government must make policies that will stimulate the use of ICT. The government should create enabling an environment for ICT use in organizations and industries. Individual also must update and upgrade themselves
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