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IT sector boosting Nigeria’s GDP – Pantami

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IT sector boosting Nigeria’s GDP - Pantami

IT sector boosting Nigeria’s GDP – Pantami

Prof. Isa Pantami, Minister of Communications and Digital Economy (FMCDE), said the IT sector consistently contributed to the Gross Domestic Product (GDP) of Nigeria, with 18.44 per cent in the second quarter of 2022.

Abuja, Nov. 30, 2022 (NAN) Prof. Isa Pantami, Minister of Communications and Digital Economy (FMCDE), said the IT sector consistently contributed to the Gross Domestic Product (GDP) of Nigeria, with 18.44 per cent in the second quarter of 2022.

Pantami said the sector was fast moving towards the actualisation of the government’s digital economy agenda with the implementation of the National Digital Economy Policy and Strategy 2020-2030 (NDEPS).

The minister said that in different quarters of 2020, 2021 and 2022, the sector had contributed immensely to the GDP, thereby making it the sector with the highest contribution.

“The ICT sector provided three unprecedented contributions to the GDP of the country in the last three years.

“IT contributed 14.07 per cent in the first quarter of 2020, 17.92 per cent in the second quarter of 2021 and 18.44 per cent in the second quarter of 2022.

“At each time, these numbers were the highest ever contribution of the ICT sector to the GDP,’’ he said.

According to the minister, the ICT sector grew by 14.70 per cent in the fourth quarter of 2020.

He said it made it the fastest-growing sector of the Nigerian economy in the last quarter of 2020 and the only sector to have grown by double digits.

Pantami added that in 2020, the sector played a critical role in enabling Nigeria to exit recession.

He said: “The quarterly revenues also generated for the Federal Government rose from N51.3 billion to N408.7 billion, through spectrum sales and taxes from the sector.’’

The minister further said that the ministry was recently assessed for its performance by the Foreign, Commonwealth and Development Office (FCDO), UK and KPMG, among others.

The assessment, he said, was in partnership with the Office of the Secretary to the Government of the Federation in the Presidency.

Pantami said: ”Being assessed on the output indicators and milestones for the eight ministerial deliverables, the ministry obtained the highest grade in each of the deliverables.

”The ministry scored 134 per cent on the Implementation of Broadband Connectivity, 127 per cent on deployment of 4G across the country and 99 per cent on Digitalising Government functions and processes.

“On the development and implementation of a National Digital Economy Policy and Strategy 103 per cent, Implementation of a Digital Identity Programme -86 per cent.

“Improvement and optimisation of revenues from all operators and licensees in the agencies under the Ministry’s supervision -594 per cent, Active collaboration with the Private Sector to create jobs – 111 percent.

“Empowerment of citizens – 137 per cent.’’

Some of the policies that saw the development of the sector, he said, included: NDEPS 2020-2030, the Roadmap for the Implementation of the NDEPS and the SIM Card Registration Policy.

Others were: Nigeria National Broadband Plan 2020-2025, National Policy on VSAT Installation Core Skills for Nigerians and National Policy for the Promotion of Indigenous Content in the Telecommunications Sector.

Pantami added: “There is the Revised National Digital Identity Policy for SIM Card Registration, National Policy on Digital Identity for Internally Displaced Persons and the Rule Making Process Regulation of NIPOST.

“We have the National Policy on 5G Networks for Nigeria’s Digital Economy, National Policy on Virtual Engagements in Federal Public Institutions, National Policy on Device Management System.

“There is a policy on National Policy for the Management of the National Centre for Artificial Intelligence and Robotics, National Digital Innovation and Entrepreneurship Policy.

“The National Policy on the Nigerian Government Second-Level Domains, National Dig-Once Policy and National Policy on Communication Satellite (Draft).’’

The minister also recalled the recent signing of the Nigerian Start-Up Act (NSA), an Executive Bill recently signed by President Muhammadu Buhari on Oct. 18.

According to him, the signing of the NSA as a principal legislation was a major achievement that will significantly enhance the innovation and entrepreneurship ecosystem in Nigeria.

Over 863,372 citizens benefited from digital skills programmes and we have agreements with leading global companies like Microsoft and Huawei, to train millions of Nigerians.

On Aug. 21, 2019, the official broadband penetration figures stood at 33.72 per cent, adding, ”today, it is 44.65 per cent, representing close to 13 million new broadband users.

“Similarly, there were 13,823 4G base stations and we now have 36,751, representing 165.86 per cent increase.

“The percentage 4G coverage across the country also increased from 23 per cent to 77.52 per cent.

“The cost of data has crashed from N1,200 per Gigabyte to about N350, making it easier for Nigerians to connect to the Internet.”

Pantami said that the ministry had also developed an IT clearance portal to support inoperability, eliminate duplication and ensure value for money in the implementation of ICT projects in the country.

He said that the quarterly savings from the IT Projects’ Clearance Process rose from N12.45 million to N10.57 billion.

The minister further said that they created a pool of Innovation Driven Enterprises (IDEs) to accelerate the development of Nigeria’s digital economy, while 355,610 direct and indirect jobs were created.

“Privacy concerns are also being addressed through the newly established Nigeria Data Protection Bureau (NDPB).

“The drafting of the data protection bill has reached an advanced stage and the Digital Identity enrolments have also been very successful, with NINs rising from less than 40 million to over 90 million.

“We have been very active in the emerging technology space and even established the National Centre for Artificial Intelligence and Robotics (NCAIR), the first of such centres in Africa,’’ Pantami said.

According to him, the ministry had developed a policy for promoting indigenous content in the telecom sector to complement similar efforts that focus on the information technology sector.

He said that it was important to stem the tide of capital flight, amongst other things.

Pantami said the efforts of the ministry continued to play a critical role in the development of the different sectors of the economy.

He called on all stakeholders to persistently support the government to further accelerate the development of the sector. 

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FG Declares Wednesday Holiday to Mark Worker’s Day

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FG Declares Wednesday Holiday to Mark Worker’s Day

By: Michael Mike

The Federal Government has declared Wednesday, 1st May, 2024 as a Public Holiday to commemorate this year’s Workers’ Day Celebration.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, reiterated the need for excellence, efficiency and equity in all spheres of labour, re-affirming President Bola Tinubu’s administration’s commitment to fostering a culture of innovation, productivity, and inclusivity in the workplace.

Tunji-Ojo, in a statement signed by the Permanent Secretary in the Ministry of Interior, Dr. Aishetu Gogo Ndayako, said: “In alignment with this year’s theme, which focuses on ensuring safety and health at work in a changing climate, I wish to state that the Federal Government remains steadfast in its resolve to prioritise the safety and well-being of all citizens. Let me reaffirm Mr. President’s commitment to providing a conducive environment for work, where every worker can thrive and contribute meaningfully to national development”.

The Minister, while acknowledging the contribution of workers, called for proactive measures to mitigate adverse effects of climate change through synergy in in the implementation of sustainable practices and policies that promote well-being in the workplace and in building a nation guided by the principles of integrity, diligence and compassion.

Tunji-Ojo also urged Nigerians to remain committed to the present administration’s Renewed Hope Agenda as he wishes workers a happy celebration.

FG Declares Wednesday Holiday to Mark Worker’s Day

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

  • As African countries commit to greater financing, digital access at IDA21 Summit:
  • Resolve to mobilise domestic resources for Africa’s economic transformation

By: Our Reporter

President Bola Ahmed Tinubu declared on Monday that Nigeria is set to harness the potential of its youthful population to transform into a global digital economy powerhouse.

He also hinted at the nation’s plans to become a global hub for outsourcing talent within the digital and creative economy.

This was the submission made by President Tinubu who was represented by Vice President Kashim Shettima at the meeting of African Heads of State and Government on the 21st Replenishment of the International Development Association (IDA21) in Nairobi.

This is just as African Heads of State and Government committed countries on the continent to strengthen implementation capacities, mobilising domestic resources, and partnering effectively with IDA to accelerate the continent’s economic transformation.

President Tinubu also reiterated Nigeria’s plans to build a vast digital market capable of absorbing cutting-edge innovations and technologies, positioning the country as a hub for outsourcing talent in the digital and creative economy spheres.

“Being a young country with a median age of about 18, our interventions in the digital economy have been so extensive that we are no longer boasting of having the most unicorns, but preparing to serve as a global hub for outsourcing talents,” the President stated in his submission titled “The Path to Recovery: Nigeria’s Journey Beyond Sabotage”, which was delivered to the Summit by VP Shettima

President Tinubu informed other African leaders of the sweeping reforms implemented by his administration to curb illicit activities and currency manipulation that had long hindered the nation’s progress.

“Since assuming office, President Tinubu has remained steadfast in fulfilling his promise to end the reign of economic saboteurs who have long exploited and hindered the progress of our nation. I am pleased to report that our economy has escaped the phase of sabotage,” the VP noted.

Alongside the digital transformation agenda, President Tinubu said Nigeria is committed to prioritizing climate resilience and becoming an attractive destination for carbon market investments.

“The tensions resulting from climate-induced disruptions serve as a pressing call to action. The profound impact of climate change on our continent’s security underscores our dedication to transforming innovative concepts from conference discussions into tangible actions. We aim to become an investment-friendly destination for carbon market investments,” the organ was informed.

He expressed Nigeria’s belief that the summit’s communiqué would reflect the collective needs of African and IDA countries, capturing their “nuances, consensus, dreams, and projections.”

President Tinubu listed key priorities for Nigeria’s economic recovery in his administration’s Renewed Hope Agenda, anchored on poverty alleviation, to include economic expansion, job creation, enhanced access to capital, food security, and inclusivity.

He also stressed the importance of regional economic integration through instruments like the African Continental Free Trade Area (AfCFTA) Agreement to dismantle investment barriers and facilitate access to international markets.

“Our path to the future depends on nurturing strategic partnerships with other nations and development organizations. Therefore, we will utilize our absolute and comparative advantages to establish partnerships across borders,” the President said.

Earlier in his opening remarks, the President of Kenya, William Ruto, said the summit was urgent because it was “convened at a critical juncture facing a convergence of global crises which include escalating geopolitical tensions that challenge international unity, a deepening development and debt crisis that threatens our economic stability, and an urgent climate emergency that demands immediate and collective action for our planet’s survival.”

He gave instances of the devastating impact of severe flooding in the East African region which, according to him, has displaced thousands in Nairobi alone, and the vulnerability of the continent to extreme weather patterns, which points to the critical role of the IDA in financing Africa’s development and stability.

“This new normal demands our immediate and united action to safeguard our collective future. This underscores the critical role of IDA for Africa Summit as a cornerstone for financing for Africa. IDA has directed 75% of its total commitment which is nearly $26 billion to Africa in the last fiscal year with African countries comprising 8 of IDA’s top 10 borrowers. This support is not just financial but it’s a lifeline for development and stability,” President Ruto said.

Also speaking, the World Bank President, Ajay Banga, expressed optimism about Africa’s potential, saying “it’s very easy to feel hopeful when we’re together anywhere in Africa,” adding that you feel the infectious energy of young people.”

Banga affirmed the IDA’s commitment to accelerating progress on the continent, vowing to “move with urgency and purpose,” while making the institution more efficient and impactful.

“We stand at the crossroads of a new era of growth and prosperity for Africa,” he said.

At the end of the Summit, African Heads of State and Government adopted a joint communique committing countries on the continent to accelerate the continent’s economic transformation by strengthening implementation capacities, mobilising domestic resources, and partnering effectively with IDA.

They also called for an ambitious replenishment of the International Development Association (IDA) to support the continent’s development goals.

The Nairobi Communique described IDA as Africa’s largest source of concessional financing, outlining priorities for IDA21 to include building human capital, creating jobs, boosting energy and digital access, enhancing resilience to climate change and fragility, and promoting inclusive growth policies.

Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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The Truth Alliance Releases “Unveiling the Truth of Boko Haram,” Audio Series of Insurgency in Northeast

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The Truth Alliance Releases “Unveiling the Truth of Boko Haram,” Audio Series of Insurgency in Northeast

By: Michael Mike

The newly formed coalition of civil society organisations called ‘The Truth Alliance’, dedicated to shedding light on the truth behind the reality of life inside and outside Boko Haram, has released a gripping three-part audio series called “Unveiling the Truth of Boko Haram” to coincide with the commemoration of the 10th anniversary of the kidnapping of the Chibok Girls in Northeast, Nigeria.

According to a statement on Sunday, “Boko Haram’s presence in Nigeria has had far reaching impact on the peace and stability of the region, leading to the destruction of families and communities, leaving many people to reside in IDP camps. Each person has their own story to tell of the way they were manipulated to join and how once in, their lives, and those of their families, were destroyed as a result. Others tell the story of how they became innocent victims to Boko Haram’s destructive path.

“Through this evocative series, each story reveals the truth behind the way each were manipulated, lied to and impacted, telling others not to fall into their trap.

“Each story delves into the harrowing experiences of those affected by Boko Haram’s atrocities, including Islamic clerics seen from the perspective of those who were once involved or impacted by Boko Haram. Among the stories featured is that of Bukar Bukar, a survivor who, in 2015, fell victim to the brutality of armed assailants and now resides in an IDP camp.”

The statement said in this series Bukar Bukar revealed that following the initial attack on their village: “The northern part of our village is a bush and Boko Haram came through it to have a battle with the military until the next morning, when they arrested some of our youth. Ever since then, I said that we were not going to do any farming activity because members of Boko Haram were killed. Boko Haram are like Camels; they don’t forget things that are done to them easily. 1000 military personnel were sent to us but after a while they became a little less than 100”.

Other stories in the series will include that of Modu Mustapha, a farmer and father of seven children who escaped Boko Haram twice: Shown exclusively on the Truth Alliance’s YouTube channel and across various social media platforms, audiences worldwide are invited to bear witness to the untold truths of life inside and outside Boko Haram in Nigeria.

According to the statement, The Truth Alliance is committed to unmasking the truth behind violent and extremist groups and empowering communities to resist tyranny and violence. Through education, outreach, and collaboration, the Truth Alliance strives to build a safer, more resilient society for all.

In a campaign tagged ‘Time to Tell the Truth’, the Truth Alliance has come together to expose the truth behind how violent extremist groups draw young people into their ranks. Their message is simple: These groups manipulate, they deceive, they control, they kill, they kidnap, they destroy, and their movement as well as ideology is inherently weak.

The Truth Alliance Releases “Unveiling the Truth of Boko Haram,” Audio Series of Insurgency in Northeast

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