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Nigeria Can Become World Leader in the Digital Economy Says Vice President Yemi Osinbajo

  • Ralph Smith
  • 14/10/2022
  • 1 minute read
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According to Nigerian Vice President Yemi Osinbajo, his The country is well positioned to become a global leader in the digital economy. But to do so, Nigeria needs to choose the right approach and spend more time developing digital skills.

Nigeria is better equipped than it was 30 years ago

Nigerian Vice President Yemi Osinbajo recently said Nigeria has enough to become a world leader in the digital economy. But the Vice President said that for this to become a reality, Nigeria must choose the right approach and policies.

News Ghana reportedthat Osinbajo made the remark while addressing a delegation attending the Nigerian Digital Economy Summit (NDES). Held in Abuja. In the same speech, the Nigerian leader also explained why the country is better today than it was more than 30 years ago when the first iteration of the internet was born.

“Unlike Web 1 and 2, which were relatively disadvantaged, we have a whole new world in front of us. In 1989, we didn’t have mobile phones, so , failed to capitalize on the scope and depth that mobile communications brought to digital innovation and financial inclusion, and we are now better positioned to become a significant player in the Web 3.”

The Vice President added that Nigeria has “already demonstrated” its ability to reach this goal, adding that this is due to “[we have] six unicorns and many more to come.” , he added. But Osinbajo argues that Nigeria needs to “spend time developing digital skills.”

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Country: Nigeria
Ralph Smith

Cryptocurrency geek. Met with Bitcoin and altcoins back in 2011, when the price of BTC was about 10$. Writing articles since 2014 to these days.

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