Foreign Minister hails Nigeria’s advances in telecommunications

Communications and Digital Economy Minister Isa Pantami said Nigeria has a potentially critical mass of “digital natives who can transform the country into a regional and global digital powerhouse”.
Pantami noted that these creative Nigerians can play a key role in creating digital jobs in all sectors of the country; jobs based on or dependent on information and communication technologies (ICT).
Speaking at an event titled “Digital Nigeria Conference” in Abuja recently, the Minister noted that the signing of the Nigeria Startup Act as primary legislation is a major achievement that will significantly improve the innovation ecosystem and of entrepreneurship in Nigeria.
He observed that digitization increases efficiency, reduces waste, improves productivity, increases transparency, and supports datafication, among other things.
“Implementing a digital economy policy accelerates digitalization, which in turn improves the digital economy,” he said.
Citing the World Economic Forum, Pantami said that $100 trillion would be added to the global economy through digital transformation from 2016 to 2025, an average of $10 trillion per year.
He added that by 2025, interactions, driven by platforms, are expected to enable about two-thirds of the $100 trillion value at stake from digitization.
“Keeping in mind the importance of a digital economy, President Muhammadu Buhari approved our request to rename the Federal Ministry of Communications to the Federal Ministry of Communications and Digital Economy on October 17, 2019.
“The change was officially approved by the Federal Executive Council on October 23, 2019, and the process of implementing a digital economy for the country began on October 24, 2019, which was approved as Digital Nigeria Day” , did he declare.
The minister further said that the federal government is championing a paradigm shift that emphasizes skills, rather than just having degrees without skills.