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.