Menu Close

NITDA, IFC partner to build strong institutions, sustainability of Nigeria Digital Economy

Kashifu Inuwa, CCIE, Director-General of NITDA (r) Presenting the Agency’s SRAP to Ms. Nadege D. Yameogo, PhD, Senior Economist of IFC      Photo: NITDA

*The National Information Technology Development Agency moves to collaborate with the International Financial Corporation in co-creating robust regulatory frameworks to implement the Nigerian Government’s policies towards enhancing productivity through technological innovations in diversifying the economy

Gbenga Kayode | ConsumerConnect

In a bid to digitally transform Nigeria and sustain a vibrant digital economy, the National Information Technology Development Agency (NITDA) moves to collaborate with the International Financial Corporation (IFC) by co-creating robust regulatory frameworks in implementing government policies in the ecosystem.

Kashifu Inuwa, CCIE, Director-General of NITDA, disclosed this development when he played host to a delegation from the IFC, led by Nadege D. Yameogo, PhD, the Corporation’s Senior Economist, to the Corporate Headquarters of the agency, in Abuja, FCT.

The Information Technology (IT) sector regulatory agency stated Inuwa noted President Bola Ahmed Tinubu, GCFR, President of the Federal Republic of Nigeria, had mandated the Ministry of Communications, Innovation and Digital Economy to enhance productivity through technological innovation in diversifying the country’s economy.

The Director-General of the agency said that the Ministry had unveiled a strategic plan with five strategic pillars to achieve this objective.

Explaining the Ministry’s 5 strategic pillars

Enumerating the pillars as Knowledge, Policies, Infrastructure, Innovation, Entrepreneurship & Capital, and Trade, Inuwa also explained that knowledge is the foundation upon which countries build a robust and sustainable economy, and it is imperative to create an enabling environment where innovations and entrepreneurship ecosystem could thrive and be commercialised globally.

He further remarked: “When we invest and we build the infrastructure, it will enable us to trade “made in Nigeria” products and services, as well as our greatest resource, which is our talent.”

The agency, NITDA Chief Executive stated, is re-crafting its Strategic Roadmap & Action Plan (SRAP) policy document in implementing the Ministry’s strategic plan of accelerating the Nigerian collective prosperity through technical efficiency.

Enthusiastic about having the visiting IFC delegation on board for the IT regulator’s stakeholder engagement on re-crafting the NITDA SRAP, Inuwa disclosed the aim is to co-design the document, so the digital ecosystem could co-create the strategy and implement it.

According to him, the document would have eight strategic pillars, saying that Fostering Digital Literacy and Cultivating Talent would be the first pillar.

Inuwa said: “We have the National Digital Literacy Framework (NDLF) where we have a target of achieving 95 percent digital literacy by 2030, and we have a midterm target of 70 percent by 2027.

“So, in the designing of this strategy, we want to get the stakeholders that will execute, because we want it to be a strategy for execution.”

The Director-General as well expressed optimism that with the youth population in the West African country, if well harnessed and cultivated, Nigeria could compete with any country globally in terms of rendering services.

NITDA is willing to bring all stakeholders on board in providing inputs on how to design the strategy and identify some legal frameworks for the second pillar, which is to ‘Strengthen Policy Implementation and Legal Frameworks’, stated he.

The place of deep research in technology

In stressing the need for the country to invest in deep research of technology, Inuwa explained the third pillar is about Building a Robust Technology Research Ecosystem.

He also said: “Remember the mandate is to enhance productivity in critical sectors, so we see the digital economy beyond just being within the IT sector.

“It is pervasive so our goal is to apply it in different sectors to increase productivity.”

The fourth pillar, according to Inuwa, is on Promoting Inclusive Access to Digital Infrastructure & Services.

This will bridge the digital divide in the country and ensure that everyone has access to the safe and responsible use of digital devices and platforms.

“We have a target of 40% of women inclusion as well as people living with disability and children as well.

“We have different initiatives for all these demographic groups,” stated the Director-General.

He stated that the fifth pillar is on Strengthening Cyber Security and Enhancing Digital Trust because it was important to build the trust of Nigerians through the development of legal frameworks for digital signatures and public key infrastructure.


On Nurturing an Innovative and Entrepreneurial Ecosystem

As regards the sixth pillar on Nurturing an Innovative and Entrepreneurial Ecosystem, Inuwa asserted that investing in talents would create several innovative solutions for the health care, education and financial inclusion challenges the country is currently experiencing.

The seventh and eighth pillars are Forging Strategic Partnership & Collaboration, and Institutional Reform respectively, he said.

The NITDA Chief stated that the agency’s willingness to build strategic partnerships with the visitors as well as building skill sets and cultivation of employee mindsets in carving a formidable agency.

“We believe we can learn from you and other organisations through strategic partnership and collaboration so that we can build strong institutions in Nigeria and Africa,” Inuwa stated.

Digital Economy is our priority, says Yameogo, PhD

Earlier in her remark, Ms. Yameogo, Senior Economist at the International Finance Corporation, had expressed excitement at collaborating with NITDA in the promotion and sustenance of the country’s digital economy.

She also noted that the Corporation’s priority area of interest is digital economy.

According to her, the developmental impact that digital economy can bring in terms of job creation, reducing regional disparities, creating opportunities for private investment and bringing more private capital into the country cannot be overemphasised.

Yameogo explained that digital infrastructure is an area that needs more attention.

This is an area where private investors can intervene in terms of Agri tech, Creative tech and Health care technology, she said.

Kindly Share This Story



Kindly share this story