Digital economy: NITDA DG engages Spanish investors in the Nigerian market

Mr. Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), reaffirmed Nigeria’s commitment to digital literacy, which he said would fill the global gap in the long term. of talent in the information and communications technology (ICT) sector and place the country among the technology-driven nations.

Inuwa said this as a panelist at the just-concluded Nigerian-Spanish Business and Trade Forum, in Madrid, Spain.

“Nigeria has talented young people and is blessed with one of the youngest populations in the world; By 2050, we will be the third most populous nation in the world; We are therefore concerned about digital literacy because the world is moving towards a digital and knowledge-based economy and there is a global ICT talent gap.

The NITDA boss, who noted that ICT is the third largest sector in Nigeria, told the forum that so far the implementation of the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, which was unveiled and launched by President Muhammadu Buhari, on November 28, 2019, has been phenomenally successful with a monumental impact on the national economy.

“The launch of the policy has put Nigeria on the map of the global digital economy and opened doors for investors to come and invest in key sectors of the economy. Indeed, in the history of Nigeria, we have never had an administration as ICT-friendly as the Buhari administration”.

The Director General also went further by explaining the strategic pillars of the National Digital Economy Policy and Strategy (NDEPS), of which he said three of the pillars are at the heart of NITDA:

“Building infrastructure, talent (digital skills and literacy) and the right environment for investments to thrive are always part of NITDA’s goals.”

Meanwhile, the DG informed the assembly that efforts to bring the Nigeria Startup Bill to a logical conclusion are currently being intensified.

He said he was optimistic that after gaining the legal backing, the bill would incentivize Nigerians and create a new market to encourage more investment and increase the sector’s contribution to Gross Domestic Product (GDP). of the nation.

While commending the Federal Government for changing the mandate and nomenclature from the Ministry of Communications to the Ministry of Communications and Digital Economy in October 2019, Inuwa pointed out that although telecommunications is the largest sector in Africa, the Nigeria is the main market.

He encouraged investors to take advantage of the country’s huge population/demography, ingenious young minds as well as its booming digital economy and invest without fear.

“Africa is a virgin land, we don’t have the inherited infrastructure; Thus, you can easily invest and grow in many sectors,” the DG pointed out.


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