“We need to leverage technology to improve economic growth, Devt”
Edo State Governor, Mr. Godwin Obaseki, stressed the need to effectively deploy technology to grow the national economy, leveraging the digital space to put the country on the path to sustainable growth and development.
Speaking at the seventh annual Mike Omotosho Lecture, themed “Digital Economy: A Panacea for National Growth,” Obaseki identified technology as critical in the country’s quest for economic progress.
The Governor, during the virtual technology forum aimed at engaging Nigerians to maximize their potential and maximize the opportunities presented by digital technology, said Nigeria must leverage the digital space to foster economic growth and increase product gross domestic (GDP) of the country.
Obaseki noted that with the kind of disadvantage the country faces, the digital economy must be a key leveler to help the process of economic development.
According to him, “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 in the tech space,” he added.
The Governor reiterated that to lift people out of poverty, the country must focus on technology to create wealth, reduce unemployment and increase the country’s GDP.
“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 applies to almost every aspect of our lives. We have to think very carefully when developing a digital strategy for our country,” Obaseki said.
For his part, the organizer, Dr. Mike Omotosho, noted: “The sky is the limit as long as we do it correctly. I said this because digital solutions can have a transformative effect on the economy. To do it right, we have to be intentional, we have to work closely with stakeholders, compile the detailed list of what’s available, write it down so it’s not too overwhelming, and make sure that the content is easily accessible to everyone. .”