Skip to content

Nigeria needs solid digital economy to drive growth – CBN Governor

Godwin Emefiele
Governor of Central Bank of Nigeria, Godwin Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said Nigeria needs to build a solid digital economy to drive growth.

He spoke recently during a seminar in Lagos while speaking on the theme ‘Leveraging the digital economy to drive growth, job creation and sustainable development.

“To further drive growth, Nigeria needs to build a solid digital economy, by focusing on digital infrastructure (internet connectivity most importantly), digital literacy and skills, digital financial services, digital platforms and digital entrepreneurship and innovation” he said.

As the biggest economy in Africa with one of the largest youth populations in the world, he said, Nigeria was well-positioned to develop a strong digital economy.

Emefiele said, “As the pace of technological adoption increases, we must find ways to leverage digital channels in improving access to finance and access to credit for all Nigerians.

“Consequently, the digital economy will be a key factor towards our efforts at driving growth over the next few years. As we are all aware, the digital economy is made up of various components, including data analytics, robotics, Artificial Intelligence, machine learning, e-commerce, e- business, e- infrastructure.

RECOMMENDED FOR YOU

“It is based on the interconnectedness of people, organisations, and machines that results from the Internet, mobile technology and the Internet of things.”

The CBN governor said one of the strongest advantages of technology is that it shrinks time and space and reduces the world as a global village, thereby providing connectivity at the click of a button to anyone anywhere in the world.

PUNCH

Akewusolaf View All

Akewusolaf is an online Publication. I blog about News| Sports| Politics| Entertainment| Celebrity Gist| Health Tips| Gossip| Personality| Current Affairs| Quotes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

<span>%d</span> bloggers like this: