Science & Technology

FG keen on developing Nigeria into digital economy says Minister



Dr Isa Pantami, Minister of Communications and Digital Economy, says the Federal Government is keen on developing Nigeria into a digital economy.

Pantami said this on Thursday in Abuja at the National Dialogue on telecoms and ICT sector in Nigeria organised by the Association of Telecommunications Companies of Nigeria (ATCON), with the theme “Harnessing the digital resources for the building of our national economy”.

The Minister, in his key note address acknowledged the challenges of developing a digital economy in Nigeria.

“In Nigeria, we are keen to develop a digital economy that will have a great impact on every sector of Nigeria’s economy,” he said.

He enumerated some challenges of developing a digital economy in the country to include; rapid evolution of technology and widening inequalities between the digital “haves” and “haves-not” and the need for new regulations.

Pantami named others to include cybercrime and other threats; low level of digital literacy; and need for infrastructure.

Speaking further he said that a number of opportunities were abound in the economy, once it was placed on the right track.

Pantami said they included economic growth and productivity, increased transparency, growth of digital innovation and entrepreneurship, digitisation of work, and useful insights from big data.

In addition he said, digital economy can contribute to the nation’s Gross Domestic Product (GDP) more than ICT which contributed 17 per cent in 2019.

“According to the Q2 ‘2020 GDP Report by the National Bureau of Statistics, ICT contributed an unprecedented 17.83 per cent to the GDP.

“The effect of the digital economy is even far greater than the ICT contribution shows.

“The digital economy encompasses ICT and all digital services, which includes all online activities in financial institutions, ecommerce, online tax payment, any form of online payment, online banking, etc.

“When we consider these, the contribution of the digital economy could be up to 45 per cent or even more.

“The telecom and ICT sector stand to gain a lot from the development of our digital economy and the public and private sectors need to partner to maximise the impact,” he said.

Prof. Umar Danbatta, Executive Vice Chairman, Nigerian Communications Commission (NCC), in his paper pledged the commission’s commitment towards driving the nation’s digital economic policy.

“The NCC remains committed to driving the National Digital Economy Policy and Strategy (NDEPS) and the Nigerian National Broadband Plan (NNBP) 2020-2025 for advancing the digital economy vision of the federal government.

“As you are aware, our role is to drive major digital initiatives and policies of the government, hence, we have continued to work with government as a critical stakeholder,” he said.

He reaffirmed the commission’s commitment to fulfill its part of the agreement with the infracos, which was a major aspect in achieving the national broadband plan of 70 per cent broadband penetration by 2025.

“We are committed to the execution of the counterpart funding agreements with the Licensed InfraCo to facilitate increase in fibre deployment in the country.

“To ensure, at least one Point of Access (PoA) in each of the 774 Local Government Areas (LGAs) in Nigeria enhance digital transformation.

“The commission has, so far, awarded the sum of N336.4 million as research grants to the academia and has endowed professorial chairs in two Nigerian universities.

“The NCC has also remitted N362.34 billion from 2015 till date to the Federal Consolidated Revenue Fund (CRF), through spectrum fees and operating surplus,” he said.

Edited By: Ali Baba-Inuwa
Source: NAN

Jessica Dogo

Jessica Dogo: NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @ Disclaimer.

Coronavirus – Nigeria: Community informants use mobile data collection tools to strengthen COVID-19 surveillance Central African Republic ‘highly unstable’ despite significant progress – UN peacekeeping chief Coronavirus – Eritrea: Ministry of Health announcement (February 24, 2021) Coronavirus – Ethiopia: COVID-19 update (February 24, 2021) Coronavirus – Malawi: COVID-19 update (February 24, 2021) FIFA President’s African visits continue Coronavirus – South Africa: COVID-19 update (February 24, 2021) Coronavirus – Eswatini: COVID-19 update (February 24, 2021) Coronavirus – Nigeria: COVID-19 update (February 24, 2021) Coronavirus – Uganda: COVID-19 update (February 24, 2021) Building greater sustainability, climate resilience in West Africa Local content at the top of Mozambique’s development agenda (By Charné Hundermark) Coronavirus – Rwanda: COVID-19 update (February 24, 2021) West African countries step up Ebola preparedness Angola’s 65-year oil history has been good for Angola despite some challenges (by Andres Vega) African football at a crucial stage with the polls of the African Football Confederation (CAF) looming Reunion for Campenaerts at the Belgian “Opening Weekend” Manchester United announces partnership with StarTimes to bring MUTV to Africa Hennessy Becomes First Global Spirits Partner of the NBA Canon launches EOS M50 Mark II as social content creation continues to soar Progress in women’s football highlighted at meetings in Morocco African Energy Chamber Investment Committee commits to facilitate multi-billion USD investments in 2021 for African energy projects Video press release: WHO Africa online press briefing on COVID-19 in Africa Coronavirus – Eswatini: COVID-19 update (February 23, 2021) Coronavirus – Ethiopia: COVID-19 update (February 23, 2021) Coronavirus – Nigeria: COVID-19 update (February 23, 2021) Coronavirus – Eritrea: Ministry of Health announcement (February 23, 2021) Raubenheimer satisfied with Bok Women’s progress Coronavirus – Malawi: COVID-19 update (February 23, 2021) The first doses of the AstraZeneca vaccine were delivered to Ghana via COVAX The Government of Pakistan and the International Islamic Trade Finance Corporation signed an annual financing plan amounting to US $ 1.1 billion Coronavirus – Uganda: COVID-19 update (February 23, 2021) NaturalShrimp Signs Letter of Intent to Acquire Aquaculture Assets from Hydrenesis Aquaculture, LLC Telecoming partners with Ounousa to enrich its mobile offering with entertainment content for women Zimbabwe’s First Lady congratulates Senator Dr Rasha Kelej on her nomination as African Woman of the Year 2020 Brooklyn’s Harden and Phoenix’s Paul Main Reserves for 2021 NBA All-Star Game SAP Young Professional program helps build a more collaborative digital workforce in East Africa National Refugees’ Commission donates food and non-food items to IDPs Coronavirus – Malawi: COVID-19 update (February 22, 2021) Coronavirus – Uganda: WHO supports Uganda to mitigate risks of COVID-19 transmission during election period Nigeria Petrol landing cost now N186 per liter Coronavirus – Gambia: COVID-19 update (February 22, 2021) Thousands of Ethiopians seek asylum in Sudan’s Blue Nile state Coronavirus – South Africa: COVID-19 update (February 22, 2021) Coronavirus – Nigeria: COVID-19 update (February 22, 2021) Coronavirus – Ethiopia: COVID-19 update (February 22, 2021) Coronavirus – Eswatini: COVID-19 update (February 22, 2021) Coronavirus – Eritrea: Ministry of Health announcement (February 22, 2021) Nigerian Ministry of Petroleum Resources delegation holds bilateral meeting with Equatorial Guinea Ministry of Mines and Hydrocarbons Cameroonian Tradex inaugurates its first gas station in Equatorial Guinea as part of its expansion plan