Digital technology will drive economic growth, says Obaseki | The Guardian Nigeria News

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Nigerians have been urged to leverage the digital space to drive economic growth and increase the country’s Gross Domestic Product (GDP).

The call was made during a virtual technology forum, with the aim of engaging Nigerians to maximize their potential and maximize the opportunities afforded by digital technology.

Speaking at the Seventh Annual Mike Omotosho Lecture, Edo State Governor Godwin Obaseki said that with the kind of disadvantage the country faces, the digital economy must be a key leveler for help the process of economic development.

Obaseki said, “Since 2020, the world has changed centrally; this new economy has become much more remarkable and meaningful. The majority of Nigerians deliberately participate in the digital economy by using the telephone. With the penetration of smartphones and other electronic devices, the digital economy and its activities are creating millions of dollars for countries and the global economy and this is what we now call the new economy.

“The very medium of our interaction today is digital and it is based on technology that has been accelerated due to the restrictions we have imposed on ourselves during the COVID-19 pandemic. This has affected businesses globally and locally and created jobs. In fact, one of the few areas of significant growth seen since 2020 is the technology field.

Obaseki pointed out that to lift people out of poverty, it is necessary to create wealth, reduce unemployment and increase the country’s GDP and the country must focus on technology.

“It may not be a magic wand, but it’s clear that technology has a role to play in helping us redesign our economy and foster growth. Above all, we have to think about data and think about new technologies. Interestingly, digital technology is applicable to almost every aspect of our lives. We have to think very carefully when we are developing a digital strategy for our country. »

The organizer, Dr. Mike Omotosho, said the digital transformation brought about by COVID-19 technology is changing all major sectors and it is evident that people can be effective with the use of technology.

Omotosho added that it is crucial for the country to leverage digital innovations to boost the economy, as the world’s 26 richest people derive most of their money from digital intellectual properties.

“The sky is the limit as long as we do it right. I said this because digital solutions can have a transformative effect on the economy. To get it right, we have to be intentional, we have to work closely collaboration with stakeholders, compiling the detailed list of what is available, noting it so that it is not too overwhelming and making sure the content is easily accessible to everyone.”

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