Digitisation, tech to give Nigeria $10bn yearly by 2029— Entrepreneur

A digital entrepreneur, Mr Chika Nwobi, Thursday, projected that in the next 10 years, Nigeria would be making a whooping sum of $10 billion yearly from digitization and technology.  

Nwobi, who delivered a keynote address at a symposium on ‘Digital future of Nigeria: Potential and Risks, in Abuja, said the feat would be achieved by his initiative called “Decagon Institute’’.

The symposium was organized by Konrad Adenauer Stiftung, a German political foundation.

Nwobi, a founder of the Decagon Institute, said his institute targets to train 0.01 percent of Nigeria on software development in order to replicate the Indian-model where its  3.9m citizens write software and generate $120bn annually for the country.

“We are training Nigerian young talents on software development. Our vision is that in the next five years we will contribute 5000 engineers that have been trained by ourselves.

For us, the idea of training engineers is the first step and we want to move faster to build infrastructure because we want to partner with the public sector. And we feel that can be driven beyond Africa by young Nigerians.

“It is a one decade vision, which means; it is a ten-year spanning vision and is being handled by an institute known as Decagon. The aim is to grow 0.01 percent population of Nigeria as software engineers, that will be 0ne million people in a decade, and we will be generating $10bn a year for Nigeria.

“Nigeria has brilliant people writing software engineers are being recruited from here (Nigeria) into, America, Canada, German and other countries. And it makes sense for them to go because this is the most mobile skills that we have. The good think about it is that the engineers are the real foundation of opportunities in the digital word.  

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