Computer Village

This daily business transactions and popularity has attracted new investors and ICT dealers across Africa thereby expanding the market size and population with profound effects on Lagos State economy.[8] Recently, Lagos State Government planned to relocate over 3000 traders from Otigba and building new facilities at the Katangowa site, a bustling 25-hectare market dealing mainly in clothes, shoes and textiles.[11] ICT dealers and consumers have perfect knowledge of price, quality of the products and its utility with zero incur cost In course of their transactions.[13] Certain activities in the market have strongly been criticized by a good number of people across the country, who have painfully experienced the loss of money and prized gadgets to the schemes of unqualified engineers and fraudsters, who use the chaotic market as a medium to rip off people or sell counterfeit products and services, such as mobile phones, software, accessories, etc.[14][15] There are several stories about stolen phones that often find their way into the market, but these unlawful act are usually perpetrated by unregistered traders and Retailers, some of whom it behoves to transact on vehicles' hoods, walkways, and display units rather than a proper brick-and-mortar store.
Information and Communications TechnologyLagos StateNigeriamarketAfricaperfect competitionsoftwarehardwareSurulereLagos State GovernmentPerfect marketBarriers to entryRetailersXiaomi