Nigeria lagging behind in $11 trillion digital economy – NITDA DG says

Director General of the National Information Technology Development Agency, (NITDA), Mallam Kashifu Inuwa has declared that Nigeria was lagging behind in the world valued $11 trillion digital economy.

This, he said wasn’t despite Nigeria’s huge population and potentials.

Firector General spoke in Abuja late Thursday, when the Chairman of the Senate Committee on Media and Public Affairs, Senator Ajibola Basiru, paid a courtesy visit on NITDA.

But the Senate urges the agency to fast track the process of making the country an innovative one, saying the country cannot continue with the unimpressive position in the digital cum data driven economy.

The NITDA boss during the visit, declared that Data and not oil, is driving the economy of leading countries of the world today.

According to him, digital economy and not mono product one being run in the country, is what Nigeria must key into and which the agency with the support of its supervising ministry, is facilitating for the country through required innovations and technology.

He disclosed that a Centre for Robotics and Artificial Intelligence has been created by the agency in that direction just as 20,000 young Nigerians across the states, are being targeted for capacity building in the area of technology.

“Economy in the world is going or has gone digital, which is presently valued at $11trillion .

“But out of 616 digital cum data driven firms running the digital economy, 256 are based in the United States of America, 204 in China, 26 in United Kingdom, 21 in India, 12 in Germany etc, while only two each, are in South Africa and Nigeria.

“This to NITDA, is not good, going by population and potentials the country is blessed with”, he said.

As a way forward, the NITDA boss said the agency is ever ready to promote usage of IT or digital devices by Nigerians in all their economic activities, particularly in the Agricultural sector.

He however said the 2007 Act upon which the agency operates after its establishment in 2001, needs to be amended in giving it the required powers in the area of regulations of ICT operations in the country particularly as regards ability to deal with issues as they arise in digital sector.

“Our target objective upon availability of enabling laws, is making Nigeria the hub of innovations in the African continent.

“Even some Universities in the country are already keying into the digital world by substituting courses at PhD level on Oil and Gas for Data Science and Artificial Intelligence”, he added.

In his remarks, Senator Basiru, assured the NITDA DG of expeditious consideration of whatever amendments the agency wants on the 2007 Act.

According to him, the 9th Senate and by extension, 9th National Assembly, being one that works for Nigeria, will provide the required legislations that will fast track the digitalization process of the Nation’s economy.