The Nigerian Communications Commission (NCC) has said it will continue to encourage knowledge-based economy as against resource-based economy, as it offers opportunities Nigerians, especially the youths to display their talents.
The Executive Vice Chairman of NCC, Prof Umar Danbatta, while delivering a goodwill message at the just concluded Information Communications Technology and Telecommunications (ICTEL) Expo, 2018 organised by the Lagos Chamber of Commerce and Industry at the Eko Hotel & Suites, argued that, a knowledge-based economy offers the use of cutting edge technologies that improve efficiency, effectiveness and competitiveness.
“At NCC, we believe that a knowledge-based economy provides individuals and organizations opportunity to leverage latest technologies to drive their operations,” Danbatta, who was represented by the Director, Consumer Affairs Bureau, Mrs. Felicia Onwuegbuchulam said.
He said the Commission’s preference for knowledge-based economy is hinged on the premises that in the 21st century economies, digitisation is throwing up dynamics that are re-writing the rules of competition and efficiency with incumbent companies most at risk of being left behind.
Thus, the Commission is putting forward sound regulatory regime that has resulted in significant growth of the digital ecosystem, with digitization of service deliveries by private and government ministries, departments and agencies across government at all levels holding sway.
Admitting that the next frontier to deepen digitization is through development of broadband, Danbatta urged organisations to look the way of leveraging the abundant opportunities brought about by telecommunications to better serve their constituents. “Organisations that tread this digit load will no doubt be more competitive and efficient,” he emphasized.