{"id":38281,"date":"2024-07-10T09:26:46","date_gmt":"2024-07-10T09:26:46","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=38281"},"modified":"2024-07-10T09:26:46","modified_gmt":"2024-07-10T09:26:46","slug":"nigerias-digital-economy-projected-to-generate-n18-3-billion-by-2026-bosun-tijani","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/07\/10\/nigerias-digital-economy-projected-to-generate-n18-3-billion-by-2026-bosun-tijani\/","title":{"rendered":"Nigeria\u2019s Digital Economy Projected To Generate N18.3 Billion by 2026 \u2013 Bosun Tijani"},"content":{"rendered":"

The Minister of Communications and Digital Economy Dr Bosun Tijani, said the country\u2019s digital economy is capable of revolutionizing the nation\u2019s economy as it has been projected to generate N18.3 billion by 2026.\u00a0<\/span><\/p>\n

Tijani stated this on Tuesday at a media engagement on the National Digital Economy and e-Governance Bill in Abuja.\u00a0<\/span><\/p>\n

In his statement, Nigeria has unicorn companies like Flutterwave, Jumia, Andela, and Interswitch which have demonstrated that the digital economy is strong and can lift the country to where it should be.\u00a0<\/span><\/p>\n

\u201cFor those who follow the growth and trajectory of our economy in Nigeria, you should probably know that the ICT sector contributes about 13 to 18% of GDP. In Q4 2023, the sector contributed about 16.6% of GDP<\/em>\u201d<\/em><\/p>\n

\u201cThe digital economy recorded about N5.49 billion in revenue in 2019. This sector is projected to generate up to N18.3 billion by 2026,\u201d<\/span><\/em>\u00a0the Minister said.\u00a0<\/span><\/p>\n

Speaking on the importance of the Digital Economy and e-Governance Bill, Tijani said when passed into law, it would provide a legal framework and accelerate progress in the digital economy agenda.\u00a0<\/span><\/p>\n

\u201cThis bill will accelerate the progress in our digital economy because there is no clear legislation in that space<\/em>\u201d<\/em><\/p>\n

\u201c<\/em>We believe that the bill will support the growth and transformation of Nigeria\u2019s economy through the application and the use of this technology in all facets of life in Nigeria<\/em>\u201d<\/em><\/p>\n

\u201cIt will create the enabling environment for fair competition, and promote innovation, growth and competitiveness for the Nigerian economy,\u201d\u00a0<\/span><\/em>Tijani said.\u00a0<\/span><\/p>\n

Tijani stated that when the bill is passed into law, it will be implemented in all the six geopolitical zones of the country.\u00a0<\/span><\/p>\n

Also speaking, the Director-General of the National Information Technology Development Agency (NITDA), Malam Kashifu Inuwa, said the bill would enhance the use of the digital economy in the entire country, both in government and the private sector.\u00a0<\/span><\/p>\n

Inuwa, who was represented at the occasion by the Director of Standards, Guidelines and Frameworks Department, Mr Emmanuel Edet, urged Nigerians to embrace digital<\/span> technology as an enabler. The D-G added that the ecosystem was growing, hence the need to harness its potential to drive economic desires with the country\u2019s youthful population and digital skills.\u00a0<\/span><\/p>\n

He mentioned that the bill was structured in 16 parts with over 60 sections and would address the validity of electronic, digital transactions, digital contracts, signatures and time stamps.\u00a0<\/span><\/p>\n

\u201cThe bill will address topics like consumer protection for digital transactions, use of technology such as Artificial Intelligence, blockchains for public services, among others,\u201d<\/span><\/em>\u00a0he said.\u00a0<\/span><\/p>\n

Following Tuesday\u2019s media engagement, the Ministry of Communications, Innovation, and Digital Economy said the content of the updated bill would be made available by July 23, 2024.\u00a0<\/span><\/p>\n

It added that stakeholder engagements nationwide in Nigeria would also be held to get feedback and understand the bill\u2019s applicability to stakeholders, including public service, regulators, innovators, and service providers.\u00a0<\/span><\/p>\n

The Ministry said it would work with Tech Hubs, the Nigerian Computer Society, and related bodies to ensure nationwide engagement and input.<\/span><\/p>\n

It added that technical workshops will be held to finalize the draft and examine and incorporate expert opinion on the bill\u2019s content.\u00a0<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Minister of Communications and Digital Economy Dr Bosun Tijani, said the country\u2019s digital economy is capable of revolutionizing the nation\u2019s economy as it has been projected to generate N18.3 billion by 2026.\u00a0 Tijani stated this on Tuesday at a media engagement on the National Digital Economy and e-Governance Bill in Abuja.\u00a0 In his statement, […]<\/p>\n","protected":false},"author":27,"featured_media":38284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-38281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/38281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=38281"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/38281\/revisions"}],"predecessor-version":[{"id":38292,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/38281\/revisions\/38292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/38284"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=38281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=38281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=38281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}