Abstract

                          The influence of Information Communications Technology has played a role in the growth of the global economy since the dawn of the Information Age. “This has made ICT vital to sustaining global growth in numerous industries. Although the US still outperforms the most ICT advances globally, competition has intensified as the US ICT investment as a percentage of GDP has fallen noticeably and has been surpassed or equaled by other countries in the past decade”. The purpose of this paper is to compare the impact of ICT within the US to that of Nigeria in the areas of banking, education and health care. ICT affects these sectors both directly and indirectly through the ICT sector itself, and indirectly, through other sectors that are powered by ICT advances. To get a sense for ICT's direct impact to education, health care, and banking in the US and Nigeria the authors conduct secondary research to examine the growth or declines in these sectors.

Key words: ICT, broadband, m-Health, digital divide, endogenous variable, GDP