Home / News / FG Committed to fast-track Nigeria’s Digital Economy – Pantami

FG Committed to fast-track Nigeria’s Digital Economy – Pantami

The Minister of Communications and Digital Economic system, Dr. Isa Ali Ibrahim Pantami, has re-emphasized the resolve of the Federal Authorities, by the Ministry, to repeatedly advance the digital economic system agenda of the nation.

An announcement to DAILY POST on Thursday by Dr. Ikechukwu Adinde, Spokesman for Nigerian Communications Fee, NCC, stated that Pantami said this whereas delivering a keynote deal with on the maiden version of the Nationwide Dialogue on Telecoms and Data and Communications Expertise (ICT) Sectors in Nigeria held on the NAF Convention Centre & Suites, Abuja on Thursday.

The occasion was organised by the Affiliation of Telecommunications Corporations of Nigeria (ATCON) in collaboration with different trade stakeholders.

Pantami was represented by the Government Vice Chairman and Chief Government Officer of the Nigerian Communications Fee (NCC), Prof. Umar Garba Danbatta.

The theme of the occasion was, ‘Harnessing the Digital Assets for the Constructing of Our Nationwide Economic system.’

Pantami said that the digital economic system journey began by the Ministry, following the President’s approval in 2019, culminated within the improvement of an eight-pillar Nationwide Digital Economic system Coverage and Technique (NDEPS) with a view to offering a extra coordinated and enhanced nationwide coverage course for remodeling Nigeria’s economic system into a really digital economic system.

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He stated that NDEPS is a coverage doc that addresses totally different elements of improvement that require consideration in an effort to have a vibrant digital economic system, including that, like Nigeria, most nations are prioritising the necessity to develop their digital economies due to the multiplier impact on all different sectors of the economic system.

The Minister famous a number of the challenges of the digital economic system to incorporate fast evolution of expertise and widening inequalities between the digital “haves” and “haves-not”; want for brand new laws; cybercrime and different threats; low degree of digital literacy; and the necessity for infrastructure.

Whereas expressing optimism about Nigeria’s digital economic system technique, he financial development and productiveness; elevated transparency; development of digital innovation and entrepreneurship; digitisation of labor and helpful insights from huge knowledge as a number of the alternatives that abound and from which the economic system will acquire.

“The telecom and ICT sector stand to realize lots from the event of our digital economic system and the private and non-private sector want to come back on board to maximise the impression on your entire economic system,” the Minister stated.

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Nonetheless, talking in his capability because the EVC of NCC and lead presenter on the second panel session on the theme: “Nationwide Funding and Funding Technique for Broadband Infrastructure and Digital Economic system”, Danbatta gave the theme a sharper by specializing in what the Fee had accomplished within the final 5 years, particularly in stimulating the event of resilient ICT infrastructure and the advantages these regulatory efforts have dropped at the economic system.

Situating his presentation within the context of ‘Nigeria’s Telecom Sector: Yesterday, Right now and Tomorrow,’ Danbatta defined that entry gaps within the nation have been diminished from 217 in 2015 to 114.

“We’ve licensed Infrastructure Corporations (InfraCos); we now have launched progressive insurance policies reminiscent of spectrum buying and selling and spectrum farming; broadband penetration has elevated from 6 % to 43.3 per cent within the final 5 years. Additionally, from 8 per cent in 2015, the telecoms sector contributed over 14 per cent to the nation’s Gross Home Product (GDP) as within the second quarter of 2020, valued at N2.3 trillion,” Danbatta stated.

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In the meantime, the EVC has urged telecom operators within the nation to settle the large interconnect money owed being owed by numerous trade operators, noting that this must be resolved within the wider curiosity of the trade. Danbatta stated the “interconnectivity indebtedness valued at over N70 billion is a giant problem to infrastructure growth and inimical to wholesome competitors” that are wanted for facilitating digital economic system in Nigeria.

Earlier in his welcome deal with, the President of ATCON, Olusola Teniola, stated the nationwide dialogue was focused at harnessing the digital sources within the nation with a view to optimising progressive concepts to successfully pursue the digital economic system agenda of the Federal Authorities.

The occasion featured insightful panel dialogue periods by trade stakeholders and goodwill messages by state governments’ representatives throughout the six geo-political zones, who used the platform to speak about how their states have been leveraging ICT deployment to drive their financial actions and the event of their states.

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