The Honourable Minister of Communications and Digital Economy (HMCDE), Dr. Isa Ali Ibrahim (Pantami), has justified the necessity for Nigeria to take advantage of digital economy to rack up its Gross Domestic Product.
The Minister who emphasized that digital innovation and digital entrepreneurship are particularly important in ensuring increase in Nigeria’s GDP, made a comparison between Nigeria and Massachusetts Institute of Technology (MIT) by stating that Nigeria’s GDP is $397 billion while MIT’s GDP is about five times higher.
He attributed the disparity largely to inputs of digital innovation and entrepreneurship.
Pantami noted that certificates are important only when spiced with skills because that will trigger innovation.
The Minister stressed that there is currently a paradigm shift in attention from certificates to skills, adding that China is at the threshold of “converting 600 universities to skills centres” having realised that skills validate certificates.
Pantami, however, explained that Nigeria is so blessed and needs to leverage that potential to ensure her teaming youths acquire enduring “skills that will make them to be potential employers rather than potential employees”.
The Minister looked forward enthusiastically to seeing more Nigerians use the social media to support the digital economy by engaging it to achieve legitimate economic prosperity rather than for the promotion of division and hatred among the people of Nigeria.
In order to stress the connection between the seventh and the eight pillars of the National Digital Economy Strategy which is, Indigenous Content Development, especially how youths can use their skills and creative energy for innovation and technology development, Pantami said Nigeria needs to create and promote indigenous technology and use them locally.
“Let us use our skills positively to promote digital economy because the World Economic Forum (WEF) has predicted that by 2022, 60 percent of the world economy will be digital,” he added.