Adoption of digital technologies has diversified country’ revenue generation, says Danbatta

Our reporter| Nigeria’s adoption of digital technologies has enabled diversity in its economy and revenue generation, Umar Danbatta, executive vice chairman, Nigerian Communications Commission (NCC) said on Monday.

Danbatta, who made the disclosure at the cyberchain conference in Abuja while speaking on the topic, ‘using technology to grow Nigeria’s GDP’, said the digital industry had provided over 500,000 jobs in the public and private sectors and improved the lives of millions of Nigerians.

According to the NCC boss, who was represented by Ella Eli, principal manager, digital economy; the country’s adoption of 5G, e-commerce, fintech, and big data has boosted the country’s revenue generation capacity.

He further stated that telecommunications has contributed over $70 billion to the Nigerian economy.

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“Nigeria’s adoption of digital technologies has enabled it to diversify its revenue and economy, created jobs, improved services and efficiency, reduced wastages, and optimised resources available,” Danbatta said.

“Telecommunications has contributed over $70 billion to the Nigerian economy, provided over 500,000 jobs in the formal and informal sectors, and improved the lives of millions of Nigerians.

“Most Nigerians today cannot comprehend life without mobile phones.

“Presently, the liberalised telecommunications sector has brought with it, instant messaging, instant information, financial inclusion, telemedicine, the best is yet to come.

“The benefits of technology are endless and with technology becoming affordable, accessible, and available, these benefits will increase tremendously.”

Also speaking at the event, Jude Ozinegbe, convener, cyberchain, said Nigeria was currently moving in the right direction towards embracing the gains of the tech ecosystem.

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According to him, with proper knowledge of blockchain, Nigerian youth can earn by using their cell phones and data.

“We are moving from Analogue to digital, some people seem to have been left behind, that is why we have decided to gather leaders in the space to educate us,” Ozinegbe said.

“We have leaders in this space that have seen the possibility and opportunity in this ecosystem.

“This is my contribution to expanding the digital economy in Nigeria. As much as you can, contribute something positive about the space to amplify the good tidings within the ecosystem.”

 

 

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