Rebooting Nigeria’s Economy Through Digital Technology

August 24, 2020
Nigeria's Digital Economy

By Modupe Gbadeyanka

The urgent need to softly reboot the nation’s economy through digital technology has been emphasised by the Minister of Communications and Digital Economy, Mr Isa Ali Pantami.

The Minister, speaking at a recent event in Lagos, stated that an economy driven by digital technology will help Nigeria to survive the present regressive economic outlook as a result of COVID-19 disruption.

“Since the global lockdown earlier in the year, digital commerce has become the most efficient growth area providing the world new ways of doing things as encapsulated in the New Normal pseudo phrase,” Mr Pantami said at the 2nd edition of the Re-Ignite Public Affairs National Dialogue Series held in partnership with Businessday Media.

At the webinar themed Nigeria at 60 – Rebooting Nigeria’s economy the way forward, the Minister, who was represented by his Technical Assistant on Info-Tech, Dr Olufemi Adeluyi, highlighted the national digital economy policy and strategy which would help move the Nigerian economy sector forward.

He stated that the policy is hinged on eight pillars which include the developmental regulation pillar, digital literacy and skills pillar, solid infrastructure pillar, service infrastructure pillar, digital services development and promotion pillar, soft infrastructure pillar, digital society and emerging technology pillar, indigenous content development and adoption pillar.

The program had other eminent members of faculty selected from among tech, creative, oil and gas, financial and digital experts and entrepreneurs who provided perspectives on why the government should create enabling policy environment for business enterprises to thrive within the digital space.

The faculty of discussants are Adia Sowho, Teleco expert and former Director of Digital Business at Etisalat Nigeria; Obi Asika Nigerian creative industries entrepreneur and founder/CEO of Dragon Africa and Storm Productions.

A Policy Analyst and General Counsel at Gulf of Guinea Consulting Najim Animashaun; and Abolore Salami, a financial expert both shared perspectives from other markets and the need for government to create enabling regulatory and policy environment. The webinar was moderated by technology entrepreneur Chineye Mba-Uzoukwu.

They all enumerated challenges that are inhibiting digital growth in the private and public sectors in Nigeria. They also emphasised the need for continuous education of the users and also, the struggles that Telco companies in the country are facing despite the perception that they are making money.

An interesting standpoint was also made by Mr Obi Asika an expert from the creative industry. His point was majorly on connected thinking and collaboration; connecting Nigeria digitally and a collaboration between the public and private sector.

In his welcome remarks, Mr Franklyn Ginger-Eke, the Executive Director and COO of Re-Ignite Public Affairs Limited, convener of the Re-Ignite Public Affairs National Dialogue Series, welcomed all participants and disclosed that the seven series virtual conference is being conveyed in celebration of the 60th independent anniversary of Nigeria.

He disclosed that the series, having considered themes such as Education, Economy, will still examine other sectoral issues themed along with Infrastructure, Health, Agri-Business, Governance and Security.

Re-ignite Public Affairs, is a strategy-driven research-based solution provider in the Public Affairs space for business and government. The firm provides services that help to improve governance and enhance the relationship between the business community and the different arms of government and its agencies.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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