Lagos Transforms Yaba Into Silicon Valley


The Lagos State Government said it had ambitious plans to transform the Yaba area into “Africa's next Silicon Valley.” Silicon Valley in the United States is home to many of the world's largest technology corporations, as well as thousands of small startups. Locally, Yaba is where ICT firms are concentrated.

The State's Commissioner for Science and Technology, Adebiyi Mabadeje, said with the on-going massive broadband project and other clusters of IT-driven businesses cropping up in Yaba, the Government was hopeful of achieving such goals.

Mabadeje said the state treasured its collaboration with private players such as MainOne Company and other involved in the deployment of extensive fibre-optic network around Lagos.

He noted that with organization like Cc-Hub, Paga, iDEA Center, Jobberman, Buyology, and others establishing presence at Yaba, the area would connect Lagos to other parts of the country and Africa in general.

The Commissioner added that the State would continue to identify with innovators and innovating institutions to actualize its technological and infrastructural growth.

“The project we have at hand with MainOne and other third parties are massive broadband network deployment.

"We believe that Yaba will actually become Africa's Silicon Valley due to the presence of technology savvy organization and the commissioning of a mobile experience centre by Cc-Hub will draw users' attention to the area as well,” he said.

Mabadeje added, “We are not losing sight or our vision to see that the developmental agenda are achieved for the engagement of the youths in meaningful ventures and in making life easy for Lagosians.”

Lenovo's new strategy is quickly helping the firm to increase its presence and sales in the global PC market according to the latest report from the International Data Corporation (IDC).

The report, released a few days ago, shows that Lenovo's market share grew by a significant 27.1 per cent between the fourth quarter of 2013 and the previous year, recovering from the losses in market share witnessed by all the vendors - HP, Acer and Dell - apart from ASUS which increased its market share by 1.9 per cent.

Market leader HP saw reduced shipments in the quarter that led to a shrinking market share of 7.3 percent in the last 12 months to settle at 5.198 million units.

Lenovo followed at 3.825 million units as compared to just 3.009 million units in 2012 while Acer followed at 2.53 million units while Dell sold just 2.376 million units.

IDC further notes that there was a 6.5 per cent reduction in total PC shipments in Q4 to settle at 24.9 million units as compared to 26.7 million in the previous quarter in 2012.

The latest figures further indicate that PC shipments have reduced for six consecutive quarters with the total annual PC sales witnessing a 15.7 per cent decline in shipments to just 88.3 million units in 2013.

Most hit were portable PC shipments that contracted the most dipping by 19 per cent while desktops declined by 9.6 percent.

"As expected, the PC market contracted across EMEA in 4Q13. The holiday season offers were unable to inspire an upturn in consumer spending, which continued to concentrate on tablets. As a result, notebook sales continued to display negative trends in the last quarter of the year, with portable PC shipments in EMEA reaching a decline of 9% in 4Q13," said Chrystelle Labesque, Research Manager, IDC EMEA Personal Computing.

There was however an increment in commercial shipments in Western Europe with commercial PC shipments much larger than consumer shipments following the Christmas season.

"Altogether, shipments plummeted by more than 17 per cent year-on-year. The reasons are many: economic slowdown, political unrest, the build-up of inventory throughout the year, and the consumer switch from PCs to tablets," said Stefania Lorenz, associate VP, IDC CEMA Systems.