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Survey: Software Piracy Costs Nigerian Economy N82b Annually

Investigations by the Business Software Alliance (BSA) have revealed Nigeria has the highest case of software piracy, intellectual property theft and other sharp practices in the Information and Technology (IT) industry.

According to the BSA, the effects of software piracy and other vices cost the Nigerian economy over N82 billion yearly, putting a strain on technology companies’ ability to create more jobs and new technologies.

However, the firm said, reducing software piracy by 10 percentage over four years could inject billions of naira into the nations economy and create a large number of jobs.

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