45% of Nigeria’s GDP to be generated by digital economy- Minister

Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has said that the digital economy will contribute more than 45% to Nigeria’s GDP, as the contribution of the ICT sector alone is now approximately 17%.

The Minister made this known while speaking at the virtual Nigeria Internet Governance Forum 2020 (vNIGF) with the theme: “Achieving Inclusive Digital Economic Development in the Post-Covid 19 Era”.

He said, the broadband plan 2020-2025 which focused more on broadband penetration, stated that as at July 2020 the level of broadband penetration is 42.0% and at the end of the year it will reach at least 50%. “We are making use of the covid-19 era to achieve digital economy development.”

In his goodwill message, Director-General, National Information Technology Development Agency (NITDA) Mallam Kashifu Inuwa Abdullahi, represented by the Director, e-Government Development and Regulation, Dr Vincent Olatunji has described the event as apt, adding that, “as this is a new era and it is important for government to ensure that the infrastructure it need to keep governance up and running when all government organisations fully come on board to use the internet is already in place.”

Abdullahi said the campaign to move government businesses online which is eGovernance has now become a reality, adding that there was no other choice than for government to deliver its services online which could only be achieved with corporate internet governance.

He stated that the Office of the Head of Service of the Federation is set to formally approve and recommend virtual meetings, programmes and workshops for all government officials in the country in order to facilitate digital economy.

“A lot of people see e-governance as a bigger calamity but I see it as a bigger advantage for the sector.” because, when other sectors were losing money the IT sector was making money.

The DG said with the pandemic, working remotely has become the norm even globally “whether you are a developed or developing nation, in the public or private sector you don’t have any choice but to use the internet to deliver on your services,” he said.

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