Thursday, 27 April 2017

Nigeria's Digital Economy To Create 3 Million Jobs and Generate $88 Billion

FG has assessed that the financial services within Nigeria's digital economy could gain as much as $88 billion and furthermore create more than 3 million new jobs over then next 10 years.Nigeria's Digital Economy To Create 3 Million Jobs and Generate $88 Billion

This is as the minister from creating nations - Nigeria, Mexico, Kenya, Argentina, Colombia, Sri Lanka, Uruguay, Chile, Costa Rica and Pakistan, under the sponsorship of Friends of E-Commerce for Development (FED), have set out to upgrade a policy plan to close the gap the digital divide as well as provide modern solutions in the long term.

The ministers made the resolution during their meeting in Geneva, Switzerland, on Tuesday.

The projected job figures are in accordance with assessments of a review done by McKinsey Global Institute (MGI). Further studies shows that potential gains of the digital economy will be show in digital accounts, payments, mobile money, health and educational services and other sectors of the economy.

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, who led the Nigerian representative to Geneva, clarified that the ministry is as of now building up the "Smart Nigeria Digital Economy Project" and the goal is to take care of efficiency problems and create more opportunities in the economy, enhance competitiveness and encourage technology development and  innovation more generally.

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