The global economic recession we have just experienced had a profound impact on business around the world. The decline start in 2007 with the crash of the US financial system went on to spark what economists consider to be the worst economic crisis since the Great Depression of the 1930s. Over the past few years, businesses grappled with losses, wiping away both revenue, profits and workforces alike. Economists predicted that a slow but steady period of recovery was near, where surviving businesses would begin to recoup losses and rebuild against a shaken landscape. There are a number of businesses in Nigeria seeing progress but others don't have the same results. New businesses have started during the recession will probably be here through the next "bull market". Nigeria is also seeing a chance to permanently embrace new and more efficient ways of doing business. These changes not only help offset some of the losses incurred during the recession, but it also starts a new standard for doing business. In today's global business environment, competitive advantages will be realized by organizations that move quickly to embrace processes and the tools that allow their employees, customers and partners to intelligently connect and interact anytime, anywhere, via any device - along with that can save time, money and deliver better results.

"Around one million jobs could be created in Nigeria, partly thanks to the information communication technology (ICT) sector."1 There was a workshop organized by the National Office for Technology Acquisition and Promotion (NOTAP), which main goal was to see how Nigeria's unemployment issue could be resolved. Some of the areas of interest at the workshop were ICT, software and agricultural processing technologies. It was also stated at the workshop, Nigeria at a minimal, should be competitive enough to create employment using its knowledge economy. This is where you can display the availability of the critical mass of technical competence in managing any sector. "While technology innovation continues to be a neglected field for many years, speaker after speaker at the capacity building event noted that science, technology and innovation are key foundation for industrialization and wealth creation of any nation."2

"E-Commerce can be defined as the integration of communications, data management, and security capabilities that allows organizations to exchange information on sale of goods and services." 3 There has been a recent discovery of commerce via mobile devices called m-commerce. With this technology comes no standardation in security for payment methods regarding authentication and non-repudiation. E-Commerce differences from M-commerce are it requires the following security measures: authentication, non-repudiation, confidentiality, and trust. The two business models of E-commerce are Business to Business and Business to Consumer. "Business to Business (B2B) model occurs between two organizations characterized by large volumes of products and small price margin. The second is Business to Consumer (B2C) model. It occurs between an organization and an individual." 4 There are also other business models such as Business to Affiliate model (B2A), Business to Portal model (B2P) and Consumer to Consumer model (C2C). Some of the requirements for E-commerce business models are servers, online merchant account and mail or web host account. The choice of which solution best fits your company is up to the organizational business model.

The Federal Republic of Nigeria had no specific policy for ICT in education. The Ministry of Education created its ICT department in February 2007, notwithstanding several government agencies and other stakeholders in the private sector having initiated ICT-driven projects and programs to impact all levels of the educational sector. It provides a general overview of activities and issues related to ICT use in education in Nigeria.