Global News

Nigeria’s Economy Will Be 21% Digital Driven By 2021 – Isa Pantami

Nigeria’s Economy Will Be 21% Digital Driven By 2021 – Isa Pantami (Updated: Saturday, 12th September 2020, 04:50 PM)


The Minister of Communication and Digital Economy, Dr Isa Ali Pantami, has predicted that the Nigerian economy would be 21 per cent digital come 2021, because digitalisation is becoming the most adopted economy globally.

The minister, while speaking at the Chartered Institute of Bankers of Nigeria’s (CIBN) 2020 Graduates’ Induction and Prize Award’s Day, said the COVID-19 pandemic has shown the importance of the digitalization in the growth of any nation’s economy.

Pantami noted that there has never been a more urgent time to fast track digital transformation in Nigeria, saying that the digital economy drive is aimed at rapidly enhancing digital identification, broadband penetration, how bank accounts are run, etc.

While stressing the need for professionals to develop more innovative digital tools and competencies, the Minister said activities in the banking, customs, and ports sectors, including revenue collections are being digitalized.

He further noted that broadband penetration at the end of July rose to over 43 per cent, an almost 10 per cent increase in less than a year. He said compared to the usual two per cent penetration witnessed in the years before, this is a remarkable step in the digital direction.

Pantami went on to disclose that the Ministry was working to ensure that indigenous digital solution providers and entrepreneurs get preference, saying that the current administration is committed to consuming what it produces.

“The latest Quarter Two (Q2) 2020 report recently released by the National Bureau of Statistics (NBS), showed that the Information and Communications Technology (ICT) sector contributed about 17.83 per cent to the Gross Domestic Product (GDP), from 13.85 per cent in the same period of 2019.

“Yet, the digital economy was not included in the disclosed figure. If the digital economy was added, it would have risen well above 45 per cent to GDP,” Pantami added.

Add a coment

Recent Posts

Yemi Alade
Yemi Alade
Seriki
Seriki
Tems
Tems
Stormyzino
Stormyzino
MasterKraft
MasterKraft
Waconzy
Waconzy
Danagog
Danagog
Larry Gaaga
Larry Gaaga
Davido
Davido
Lil Frosh
Lil Frosh
Nonso Amadi
Nonso Amadi
Phyno
Phyno
Bisa Kdei
Bisa Kdei
Diamond...
Diamond...
T Classic
T Classic
Harmonize
Harmonize
King Promise
King Promise
Timaya
Timaya
Gyakie
Gyakie
Sound Sultan
Sound Sultan
Idahams
Idahams
Koker
Koker
DJ Baddo
DJ Baddo
KayKay...
KayKay...
Seyi Vibez
Seyi Vibez
Flykid
Flykid
Ladipoe
Ladipoe
Orezi
Orezi
JamoPyper
JamoPyper
Rayce
Rayce
Laycon
Laycon
Tope Alabi
Tope Alabi
DJ Lambo
DJ Lambo
Rahman Jago
Rahman Jago
Yung Effissy
Yung Effissy
Magnito
Magnito
Ozzybee
Ozzybee
Zuchu
Zuchu
DJ Cuppy
DJ Cuppy
Otega
Otega
NAIJAKIT.COM

Trending Posts