Digital Economy Boosts Nigeria’s Diversification Strategy

By Timothy Choji, Abuja

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President Muhammadu Buhari has said that the digital economy sector has been most successful in the diversification of the nation’s economy, saving the Nigerian Government over N45.7 billion in IT projects clearance.

The President stated this on Thursday at the State House, Abuja, when he unveiled and launched two new policies developed by the Ministry of Communications and Digital Economy.

Linking the two policies to the diversification and prosperity of the economy, President Buhari said the National Policy on the Nigerian Government Second-Level Domains and the National Data Policy, is central to accelerating the development of the nation’s digital economy sector, adding that the current administration would continue to develop policies and programmes in furtherance of the diversification of the economy.

The President noted that Nigeria’s strides toward a thriving digital economy started on October 17, 2019, with the re-designation of the Ministry of Communications and Digital Economy and the restructuring of its mandate, stressing that the changes have been phenomenal.

“We are proud of the great strides of our digital economy sector and the impact it has had on the different sectors of our economy and I commend the Honourable Minister for being committed to the implementation of the digital economy mandate.

“As part of our commitment towards ensuring the sustainability of our gains in the digital economy sector, we have taken steps to institutionalise the process by developing relevant policies and strategies,” President Buhari further stated.

According to him, a total of 21 new national policies and strategies have been developed by the Government since 2019, adding that “the policies and strategies are national instruments to support Nigeria’s digital economy at the national and sub-national levels. The national policies have led to significant development across all sectors of our economy.” 

On the issue of digital identity for the country, President Buhari declared that the present administration has actively promoted it as key to a sustainable and secure development of our digital economy which will ultimately promote the use of the right identity by all Federal Public Institutions.

While noting that “the National Policy on Nigeria Government Second-Level Domains is a welcome step in this direction,” he directed that all government officials should refrain from using private emails for official purposes and Federal Public institutions (FPIs) must migrate their websites to the relevant government domains.

 

Dominica Nwabufo

 

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