I stumbled on Oo Nwoye’s facebook status a few days back concerning NIRA (Nigeria Internet Registration Association) auctioning the Nigeria ccTLD (Country Code Top Level Domain) for a whooping amount of five million naira and a buy-out of about 7.5 million naira.
For those who do not know, unlike the second level domain presently been used (e.g .com.ng, org.ng), the ccTLD ends with .ng. .Ng is potentially very lucrative and could turn out to be one of the more attractive/popular web domains globally.
According to Oo Nwoye:
.ng actually looks really beautiful…
I can say with all confidence that the .ng will be one of the most popular tld’s in the whole world (Internet world that is.). Imagine the number of web apps ending with ‘ing’ that will be created.
I wonder why NIRA is doing this as domain name registration is supposed to be on a first come, first served basis. Meanwhile, Nduka Obaigbena has gotten the first ccTLD for his newspaper company, This Day by registering thisday.ng. The exorbitant rates being charged are unfair to upcoming entrepreneurs.
What are your thoughts on this? How can we reverse this and level the playing field for upcoming web start-ups?
Image via Maximum PC