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Digital Economy’ll Generate More Revenue Than Oil – NITDA DG


The DG of NITDA, Kashifu Inuwa Abdullahi has expressed high optimism on the Nigerian digital economy.

He noted that the sector will soon reach the stage where it will generate more revenue for the country.

Director General (DG) of the National Information Technology Development Agency (NITDA) gave the statement in Kaduna.

According to him, Digital Economy will generate more revenue than oil soon.

He said crude oil has, for long, been the major source of revenue for the country.

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He said Nigeria is in the process of realizing the potential which the digital economy presents to it.

He was represented by the Agency’s Director of Zonal Offices Directorate, Babajide Ajayi.

The DG said Nigeria will soon realise that Digital Economy will generate more revenue from Information Communication Technology (ICT) than crude oil.

Kashifu Inuwa Abdullahi said this at a one-day stakeholders engagement meeting in Kaduna.

NITDA organised the meeting in collaboration with the Kaduna State Ministry of Business, Innovation and Technology.

The agency organised the meet to further drive conversation, action on digitizing the country.

It also wanted to have more understanding between with stakeholders in pursuit of digitization and entrepreneurial evolution of Nigeria.

Among many others, those who also attended the session were technology solution experts, business owners, non-governmental organizations and academics.

The theme for the forum was ‘Creating Opportunities, Breaking Boundaries: Towards Digitization and Entrepreneurial Evolution.”

According to the DG, the stakeholders’ forum was to chart courses and set motions tat will set the country on the same pedestal as advanced countries.

He said thus:

“We are engaging the vast stakeholders because we want to get to the level of the advanced countries, where we can generate more revenue from tapping into ICT than crude oil.$

“We are in the process of realizing our dream of a booming digital economy.

“You can see that, our ministry’s name was changed from communication to communication and digital economy.

“It is not just for the sake of changing name, but to ensure we achieve all forms of digitization in this country.”

He said NITDA has developed a policy document that it calls STRAP 2021-2024.

The document, according to him, “is our Strategic Roadmap and Action Plan.”

“The document will serve as the guide to the agency in the mandate of digitization in Nigeria.”

“The agency deemed it necessary that it collaborates more with its stakeholders.

“So, that it can bring the development strides at the national level down to the states and local government levels.”

“In addition to that, we also need to hear from them where we are doing well and where they think we are not doing well enough.

“We have had similar engagement meetings in Gombe, Bauchi, Lagos, and others and we are getting a good response, because there are things we didn’t even know about that, and we are taking these feedback back to Abuja to map out how we can have a better working relationship with the stakeholders,” he said.

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