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Reading: Presidency: Tech contributes 18 per cent to Nigeria’s economy
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Technology

Presidency: Tech contributes 18 per cent to Nigeria’s economy

According to the presidency, the economy is boosted by the country's technology-enabled eco-system to the tune of 18%. Despite records showi...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief October 23, 2022
Updated October 23, 2022 at 1:21 PM
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Presidency: Tech contributes 18 per cent to Nigeria’s economy
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Presidency: Tech contributes 18 per cent to Nigeria’s economy
According to the presidency, the economy is boosted by the country's technology-enabled eco-system to the tune of 18%.

Despite records showing an 18% contribution, it was stated that the industry actually contributed far more to the economy than that.

Oswald Guobaida, who made the disclosure and is the senior special assistant to the president on digital transformation, claimed that the tech enabled eco-system is a key contributor.

Guobaida made this statement in Abuja at the Digital Access Project Co-creation Workshop for Digital Transformation in Nigeria, which was hosted by the Foreign, Commonwealth and Development Office, the Policy Innovation Centre (PIC), and the Nigerian Economic Summit Group (NESG).

He said, “The start-up Bill is a bill that was co-developed by the Federal Government, the Presidency and the tech enabled eco system.

“We are very excited about the potentials of the bill; we are looking forward to starting the implementation process and also initiating the state adoption process.

“Development-wise, as you can see, the tech enabled eco-system is a significant contributor to the economy. The recent number shows 18% and we even believe those numbers are low. The bill is intended to enable these value creators, and in this process, we believe we are going to escalate and expand their potential impact, which is going to great growth.

“The youths have been part of the process till date; the bill is for the youths; the bill is for the future of Nigeria, for the youths to dominate. The state adoption process is very early; we have a number of them, maybe eight or ten of them, that are very excited, but as you know, we are quickly entering the election period and during this time, you can’t really make changes like that. What we do is awareness, educate and as soon as the new governments emerge for the different states, we would start.”

Deputy Director PIC and Senior Fellow NESG, Dr. Osasuyi Dirisu said the intention is to facilitate public private dialogue.
Tags: Technology

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