OYOGist.com has learned that the Nigerian Government has shown its consign to harness sources of big data and other new technologies, improving governance and service delivery, and creating new jobs and business opportunities for youth.
Communications and Digital Economy Minister Isa Ali Pantami, who said this yesterday during a virtual stakeholder engagement with the Nigeria Big Data Mobile Data Project, added that rapid data development is an important raw material or infrastructure. for Nigeria’s digital economy. and a tool for the accelerated development of many sectors that initially caught the attention of this administration.
Isa Ali Ibrahim also known as Sheikh Pantami is the Minister of Communications and Digital Economy in Nigeria. He was the Director General and CEO of the National Information Technology Development Agency (NITDA) of Nigeria from 26 September 2016 – 20 August 2019 when he was nominated as minister and sworn into office on the 21st of August, 2019.
Sheikh Pantami noted that over the years, Nigeria’s wealth has been largely measured by mineral and natural resources, adding that the country is entering an era where its resources will be measured by digital resources and innovation. the idea of a Nigerian.
He said: “We have depended on oil for decades, so the term ‘data is new oil’ reflects our focus on paradigm shifts and is in line with the federal government’s efforts to diversify the economy. The constraints created by the pandemic have shown us resources to support the economy and business. Furthermore, we understand that today’s big companies are not the same as the companies of the past. They focus on natural resources. Rather, now they are Amazon, Google, Facebook and the microphone, which are highly valued mainly by- per warehouse and process a large amount of useful data.”
He said that the Volume may likely grow next year. He also noted that “The World Economic Forum also predicts that more than 60% of global GDP will be digitized by 2022, and over the next decade digital platforms will be used to create almost 70% of new value.