How Digital Economy To Generate $88b In Nigeria- ALTON

Nigeria’s economy will get $88b from the digital economy, the Chairman of the Association of Licensed Telecoms Companies of Nigeria Gbenga Adebayo has said.

According to Adebayo, three billion jobs would have been created using digital media in the country by the year 2021.

Advertise With Us

“There are indications that investments in the digital economy will generate up to $88 billion and three billion jobs for Nigerians before the end of 2021,” he told Vanguard.

“The Nigerian technology sector has recorded some progress and doubled in size, now accounting for up to 9 percent of our GDP.

“However, in the second edition of the world digital competitiveness ranking, released in 2018, which measures knowledge, technology and future readiness, Nigeria was not on the list.”

He noted that “We believe that the commitment and investments in industry infrastructure by telecommunications and network operators, aimed at achieving 30 percent broadband penetration by end of 2018, and building incremental growth thereafter, will go a long way towards rectifying this; and as such, we hope to have contributed to building a fully digital economy in Nigeria by 2020.