Facebook Twitter LinkedIn RSS
    Trending
    • From Coal to Code: Leo Stan Ekeh Rallies Young Innovators at Enugu Tech Festival
    • Agabi advocates for cyber sanity and responsible cyberspace in Nigeria
    • KongaPay Achieves Triple ISO Certification, Elevating Standards for Mobile Money Operators
    • SeerBit and Spectranet introduce ExpressPay for seamless Internet subscription payments
    • Breaking the Glass Ceiling: Women Speak Out on Workplace Discrimination and the Power of Collective Action
    • Game Changers: Innovations, Disruptions and the Future of Africa’s Digital Economy
    • Anambra State launches ambitious initiative to empower 1 million citizens with digital skills
    • Infobip powers next-gen fan experiences for MoneyGram Haas F1
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Digital economy is fastest growing economy in Nigeria – NITDA DG
    News 2 Mins Read

    Digital economy is fastest growing economy in Nigeria – NITDA DG

    mmBy ITPulseFebruary 5, 2021
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Mal. Kashifu Inuwa
    Mal. Kashifu Inuwa , Director General of NITDA
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Director-General of the National Information Technology Development Agency (NITDA), Mal. Kashifu Inuwa has argued that the digital economy being championed by the Ministry of Communications and Digital Economy, is today the fastest growing economy in Nigeria and indeed the world.

    The NITDA DG, who made this assertion in a speech he delivered at the groundbreaking ceremony of the National Digital Innovation and Entrepreneurship Centre in Abuja, also believes that to sustain and consolidate the growth, Nigeria needs to ignite innovation and entrepreneurship in the digital space.

    “Digital economy is mainly driven by rapid business innovation, using digital technology to deliver new customer value proposition, new business model, new organizational structure, new customer experience, operational excellence and enhanced products and services, is today the fastest growing economy in Nigeria and in World in general,” he said.

    He attributed the growth to the ravaging Covid-19 pandemic, which has impacted lives in an unprecedented way by moving many aspects of life such as work, education, economy and entertainment online.

    Citing data compiled by Visual Capitalist, Mal. Inuwa stated in a single internet minute in 2020, the consumer spends more than 1m USD, over 42 million messages share via WhatsApp, more than 1.4 million people make video or voice call, over 150,000 messages shared on Facebook, more than 319 new accounts created on Tweeter, Linkedin users apply for over 69,000 jobs, more than 6,500 packages shipped by Amazon and over 200,000 people participate in Zoom meetings.

    This is huge. Thus, Nigeria needs an innovation ecosystem to sustain the growth.

    He disclosed that to build a vibrant innovation ecosystem, Nigeria decided to key into MIT program call REAP – Regional Entrepreneurship Acceleration Program. According to him, REAP is a global capstone initiative that provides an opportunity for communities to engage with MIT in an evidence-based and practical approach to strengthen the innovation ecosystem.

    The National Digital Innovation and Entrepreneurship Centre will serve as a platform for the MIT-REAP initiative.

    Digital Economy Mal Kashifu Inuwa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    From Coal to Code: Leo Stan Ekeh Rallies Young Innovators at Enugu Tech Festival

    May 12, 2025

    Agabi advocates for cyber sanity and responsible cyberspace in Nigeria

    May 10, 2025

    KongaPay Achieves Triple ISO Certification, Elevating Standards for Mobile Money Operators

    May 7, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    From Coal to Code: Leo Stan Ekeh Rallies Young Innovators at Enugu Tech Festival

    May 12, 2025

    Agabi advocates for cyber sanity and responsible cyberspace in Nigeria

    May 10, 2025

    KongaPay Achieves Triple ISO Certification, Elevating Standards for Mobile Money Operators

    May 7, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    From Coal to Code: Leo Stan Ekeh Rallies Young Innovators at Enugu Tech Festival

    May 12, 2025

    Agabi advocates for cyber sanity and responsible cyberspace in Nigeria

    May 10, 2025

    KongaPay Achieves Triple ISO Certification, Elevating Standards for Mobile Money Operators

    May 7, 2025
    Popular Posts

    Agabi advocates for cyber sanity and responsible cyberspace in Nigeria

    May 10, 2025

    Powering finance and healthcare: How Ayodele is building smarter systems that last

    November 8, 2022

    Establishing a consistent architecture for power supply reliability, By Dwibin Thomas

    November 8, 2022
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.