The Minister for Communications and Digital Economy, Dr Isa Ali Pantami has listed eight pillars upon which Nigeria’s economy must be built for it to survive the recession.
According to him, these pillars include developmental regulation, digital literacy and skills, solid infrastructure, service infrastructure, digital services development and promotion, soft infrastructure, digital society and emerging technology, indigenous content development and adoption.
He made this statement recently at the second edition of the Re-Ignite Public Affairs National Dialogue Series held in partnership with Businessday Media.
However, Dr Pantami explained that Nigeria needs to build the ecosystem with these eight pillars and technology in order to outlast the present regressive economic outlook as a result of COVID-19 crisis.
“Since the global lockdown earlier in the year, digital commerce has become the most efficient growth area providing the world new ways of doing things as encapsulated in the ‘New Normal’ pseudo phrase”, he pointed out.
Represented by his Technical Assistant on Infotech, Dr Olufemi Adeluyi, Dr Isa Pantami enumerated the national digital economy policy and strategy that would assist to kick start the economy.
The programme pulled many eminent personalities invited from the technology, creative, oil and gas, financial and digital experts and entrepreneurs. They provided perspectives on why the government should create enabling policy environment for business enterprises to thrive within the digital space.
Other personalities include Adia Sowho, a telecom expert and former Director of Digital Business at Etisalat Nigeria, Obi Asika, Nigerian creative industries entrepreneur and founder/CEO, Dragon Africa and Storm Productions.
Among them are a policy analyst and General Counsel at Gulf of Guinea Consulting Najim Animashaun and a financial expert, Abolore Salami. These two shared perspectives from other markets and the need for government to create enabling regulatory and policy environment.
The webinar was moderated by technology entrepreneur Chinenye Mba-Uzoukwu.
All the discussants enumerated challenges that are inhibiting digital growth in the private and public sectors in Nigeria.
They equally stressed the need to have a continuous education for the end-users and the struggles that telecommunications companies in Nigeria are facing “despite the perception that they are making a profit”.