ACCOMPLISH MAGAZINE NOV 2023

comparative advantages over
other countries? (4) What are
the 7 MUST-WIN battles on the
road to transformation? (5)
What is left, new, hot or next
that we can leverage on? (6)
Who does what, when and how
and at what cost? (7) What is
the measure of success?
Against that background,
besides Agriculture, Technology
(not oil) is the second
most important breakout
opportunity for Nigeria. The
raw materials are here (youthsenergetic,
teachable and
hungry for success). But which
technology is left that Nigeria
can dominate and own the
same way India owns software
programming, Switzerland
owns fintech and Israel owns
Cyber Security?
Disrupt & Leapfrog
Every country that has
escaped poverty did it by
disrupting the status quo.
Period. UAE and Qatar
disrupted the Aviation and
hospitality industries and
collected Europe and America
feeding bottles. South Korea
disrupted the electronics world
and relegated Japan, the
former king of electronics to
second division, while China
disrupted the Global Supply
Chain to leapfrog from 30th
position to world’s second
biggest economy within 30
years.
Europe dominated the first
two industrial evolutions in the
17th and the 18th centuries, a
period the world transited from
muscle power to mechanical
power. America emerged the
world’s class captain through
superior innovations in ICT,
which gave birth to the 3rd
industrial revolution.
Today, the world is in a
new era of ‘’industry 4.0’’, the
era of connected machines
and systems, smart factories
where additive manufacturing
(3D& 4D Printing) is replacing
the traditional subtractive
manufacturing. These
technologies can power
Nigeria’s economy to evolve
at an exponential rather than
linear pace.
4.0 Opportunities:
Seeking Truth from
the Forest of Facts*.
Every investor (nations,
corporations or individuals)
always ask three fundamental
questions before investing:
(1) what is the size of the
market? (2) What is the growth
projection? (3) What is the
state of competition? The 4.0
market is massive with almost
limitless growth potentials, and
little competition because the
market is still at infancy.
Let us have a look at just
nine of the markets: (1) Public
Cloud Market is valued at
$483.98 Billion in 2022, growing
at Compound Annual Growth
Rate ( CAGR) of 14.1%, forecast
to reach $1Trillion in 2030, (2)
Data Storage: $247.3billion in
2023, growing to $777.98billion
in 2030 at 17.8 CAGR, (3) Internet
of Things: $300.3Billion in 2021,
projected to reach $650.5Billion
in 2026 at a CAGR OF 16.7%, (4)
Cyber Security: $236.96Billion
in 2023, projected to reach
$479.15 Billion in 2030 at a CAGR
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Accomplish Magazine