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5 Reasons Why PNG ICT Sector Will Create More Young Millionaires

Photo credit. Flickr

Photo credit. Flickr

The boom in information, communication and technology (ICT) sector in Papua New Guinea is set to create more young millionaires as opposed  to other low growth sectors.

Here are 5 reasons why  ICT will create more young millionaires in coming decades.

1.Young Papua New Guineans are very receptive to ICT innovation

Kids these days are more  IT savvy than their parents. Being  IT savvy, young Papua New Guineans keep abreast of changes and trends in ICT. It is very easy for them to find money making ideas online and strike it rich big time

2. Easy access to ICT services and products

With a simple  android phone, one can have access to so many ICT products and services with just a click. Our kids when faced with a problem easily Google it up. Smart isn’t it? Greater access means greater opportunity, both good and bad. Greater access will soon spark a tide of ICT revolution as this sector creates flush of young PNG tycoons.

3. Wider country-wide efficient network coverage

Digicel PNGs presence in Papua New Guinea must not only be seen as rip off because of their aggressive marketing strategies but also a golden opportunity for thinking Papua New Guineans. Greater coverage means easy access to free information and money-making ideas. Very recently , a young Papua New Guinean created a Facebook group and named it PNG Local Market.Thousands of kina worth of transactions occur daily.

4. Free information available online

The amount of free information available online is indescribable. As stated earlier, availability of free wealth creation ideas are also staggering. Internet provides gold mine of opportunities that our young internet savvy kids will get and run with it and we expect more ICT millionaires soon.

5. Poor government regulation

This may be seen as negative but again lack of proper ICT regulation by PNG government only offers lucrative money-making  opportunities both good and bad. There has been  lot of talk about ICT laws in the country but the effectiveness of such remain to be seen. As it it, opportunities are endless.

Note that this are our general observations. We remain open to accommodating your views. We encourage our readers to express their views which we can add to our list. For now, our 5 holds true in general sense.

About EntrepreneurLink (16 Articles)
Entrepreneurship skills, tips, tools, resources and inspiration for Papua New Guineans

12 Comments on 5 Reasons Why PNG ICT Sector Will Create More Young Millionaires

  1. Karu Philly // August 7, 2015 at 3:14 am // Reply

    Hi Ian,
    I am happy that, our local block has created on the Facebook PNG local market, it gives me the challenge to great my own. If he can do it, we can do it too.

    Like

    • The EntrepreneurLink // August 7, 2015 at 3:30 am // Reply

      That is the sport Karu. If he can do it, why not you. Stick to your passion and use technology to your advantage.

      Like

  2. Also now the attention of technology is shifting to solving problems in developing third world countries. The continent of Africa and India is leading the world in developing innovation that can be used to solve everyday challenges faced in developing third world countries. If PNG is serious about developing ICT industry from service oriented to product oriented we can capitalize on this trend. We can find solutions for agriculture, climate change, and poverty and export them to other countries.

    Like

    • The EntrepreneurLink // August 8, 2015 at 2:24 am // Reply

      Shane,
      Greetings. Appreciate your insightful comments. Yes we agree with you that ICT trend is shifting to third world and PNG really would soon become a hotspot.

      Like

  3. Daniel Maisu // August 7, 2015 at 7:18 am // Reply

    The internet creates a level playing field. The resources available to others in developed nations via internet is also available to someone in a remote place in PNG with internet access. Greater internet penetration by ICT providers throughout PNG will bridge the digital divide. Expecting more online entrepreneurs in PNG in the coming years

    Like

  4. yes. ICT will revolutionize Papua New Guinea. The government needs to invest heavily in this industry.

    Like

  5. The EntrepreneurLink // August 8, 2015 at 4:45 am // Reply

    Spot on. We all can use this medium to demand the govts attention. Good point you raised.

    Like

  6. Nice feel good article, but doesn’t hold dept. When writing such public articles especially in subjects like ICT its important that you carry extensive research to ensure your article is based on facts and not mere speculations. PNG will produce more millionaires in a few years is a total lie, maybe in 20 years I dont know, but only if the government carryout a major reform in our education curriculum, that means teaching ICT subjects like android programming or software coding at primary level or high school level than you we are certain to see more millionaires. The level of education in terms of IT in PNG in all institutions is so low. I work in the ICT industry and I never ever come across any young PNGean coder/developer who is at that level. Most of use we can just do simple coding but not at that enterprise level. There is only one who works as an app developer for Telikom, and he is good and that is a shame especially when considering PNG a country with more than 7 million people. Creating FB page (like local market) is not an art of coding, any stupid dumb can create a page and it takes only 2-3 minute to setup a fb page. Please next time do a research first before writing an article.

    Like

    • The EntrepreneurLink // August 10, 2015 at 9:23 pm // Reply

      Hi Richard
      Appreciate your very constructive view here. One thing for sure is that you have a confined view on ICT as we note on your comment. You have worked in ICT for many years and still dont know that people without iCT background can strike it big. No its not only about those who develop/code sites. Someone smart with entrepreneurial skills can easily hire a web developer to build him something. Is that possible and the answer is absolutely yes. With availability of free information online, industrious people or those with inquisitive mind will rise. Once with shallow view on the industry like you will have to park aside and wait 20 years as you noted.
      Get out and explore.

      Like

  7. I would love to see how local companies can engage with new and emerging talent, whether it is direct from University or from having worked several years in the private sector. In fact, my small office of 35 people is looking for general IT Support Contracted Services. There seem to be a huge shortage of companies that outsource general IT services and support. If anybody has a contact, please pass it on. bobmar@gmail.com

    Like

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