• Business - Economy
  • Updated: January 05, 2022

We Will Intentionally Leverage ICT Platforms To Create Jobs - President Buhari

President Muhammadu Buhari has reaffirmed his resolve to provide the necessary framework to accelerate the growth of Nigeria's technology ecosystem. This follows his 'critical examination of the information and telecommunication sectors' contributions to the Gross Domestic Product (GDP)'.

The President's stance was underlined in his recent approval of the Nigerian Startup Bill, a bill that is a by-product of his speech in January 2021.

In his usual new year nationwide broadcast, the president praised the economic and non-economic contributions of the ICT sector to his administration's economic recovery and growth plan.

He acknowledged how instrumental his government's partnership with the private sector has helped in providing jobs for the ever-growing army of unemployed youths.

However, Buhari hinted that a strategic roadmap to prioritize the digital economy of the country is currently being implemented.

"In 2022 and going forward, our administration would intentionally leverage ICT platforms to create jobs, while ensuring that the diversification of our economy creates more support for other emerging sectors."

"I am proud to announce that several foreign investors are taking advantage of our ranking as one of the leading startup ecosystems in Africa to invest in our digital economy."

Commenting on the president’s new year address, Lawrence Agbo, our technology correspondent, expressed great optimism over the president's decision to drive the ICT sector.

He said, "I am excited about the president's action to support the growth of this sector. Taking into cognizance the role ICT played in actualizing the Federal Government Economic Recovery and Growth Plan, it was only noteworthy for the President to initiate this technology startup bill as a means to provide the needed leadership and structure for the tech ecosystem. "

In 2021, the Buhari-led federal government, through the Minister for Information, Lai Muhammed charged against Twitter, one of the social media platforms facilitating the propagation of internet business in the country. The platform remains banned six months after the announcement in June 2021.  

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Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

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