With the increasing importance of semiconductors, there is the need for a dedicated agency for semiconductor development in the country. Semiconductor technology underpins every sector, making it a global necessity. As such, developing a specific agency focused on semiconductor technology is vital. It’s not about the government running it directly, but rather supporting the private sector…to unleash the potentials of the industry and its vast value chain.
Valued globally at over $500 billion in 2021 and set on growing into a £1 trillion by 2030, semiconductor technology and the industry that it has spawned holds the key to a new era of economic growth, technological innovation, and local content development, that would be highly beneficial for Africa, and certainly Nigeria.
If one observes global trends, leading nations like the United States of America and China are investing heavily in semiconductor technology, and its huge potentials is part of what informs some…
