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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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ECOWAS Moves to Solidify Movement Across West African Countries, Inaugurates EU-funded Programme on Migration

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ECOWAS Moves to Solidify Movement Across West African Countries, Inaugurates EU-funded Programme on Migration

By: Michael Mike

The Economic Community of West African States (ECOWAS) Commission is consolidating movement of citizens of West Africa by inaugurating the second phase of the European Union (EU) funded project “Support to Free Movement of Persons and Migration in West Africa (FMM II)” to advance economic growth.

Vice-President of the ECOWAS Commission, Mrs Damtien Tchintchibidja reiterated the commitment of economic blog to ensure free movement and encourage commerce and economic development in the sub region at the inauguration of the FMM II in Abuja on Thursday.

The event was organised by the International Organisation for Migration (IOM), in partnership with the International Labour Organisation (ILO), International Centre for Migration Policy Development (ICMPD) and the ECOWAS Commission.

The vice-president explained that the FMM is designed to promote the free protocol and movement of persons, goods and services, as vision of ECOWAS for regional integration.

According to her, the initiative would demonstrate renewed commitment to ensure migration governance and regional mobility serve as pillars of development within the sub-region.

Tchintchibidja added that: “During the first phase of the project, we made significant progress in enhancing migration governance, strengthening boarder management and operational license to drive the free protocols.

“We reinforced migration governance, harmonised policies, strengthened border management systems, facilitation of labour mobility and supporting member states in aligning national policies with ECOWAS migration instruments.

“These achievements played key roles in enhancing regional security and economic mobility within our region, however, our work is far from over, benefits of migration must be fully harnessed.

“This requires structured, coordinated approach both at national and regional levels; we are optimistic FMM II will serve as vehicle towards addressing new-migration challenges, while capitalising on emerging opportunities.

“The FMM II will enhance mobility across borders in safe and orderly manner, through specific efforts to ascertain migration governance framework, enhance coordination mechanism, data driven policy making and integrated approaches.”

She stressed the need for collaborative efforts to ensure that migration contribute positively to economic growth, stability and social-coercion in the ECOWAS region.

Speaking at the event, the Head of Cooperation of the European Union (EU), Mr Massimo De Luka, said the five-year project aims to maximise development potential of free movement of persons and migration in West Africa.

He noted that the project would be achieved through support of the effective implementation of the ECOWAS Free Movement of Persons Protocol and the ECOWAS Common Approach to Migration.

He said: “The basis for cooperation and coordination on improving free movement of persons and migration in West Africa has been established.

“The second phase will deepen the cooperation in enhancing migration governance and at the same time commit to regional integration.”

Meanwhile, the Commissioner for Economic Affairs and Agriculture, Massandjé Toure-Litse commended the milestones achieved during the first phase to be in line with ECOWAS mission.

Toure-Litse was represented by Mr Albert Siaw-Boateng, Director, Free Movement of Persons of ECOWAS Commission/Project Coordinator, West Africa Unique Identification for Regional Integration and Inclusion (WURI).

Toure-Litse said, “This milestone reaffirms our collective commitment to regional integration, migration governance and sustainable development, which are core principles that underscores the ECOWAS mission.”

ECOWAS Moves to Solidify Movement Across West African Countries, Inaugurates EU-funded Programme on Migration

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FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

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FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

** We’ll be more deliberate in supporting small business owners to grow – VP Shettima

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said that the federal government, working in collaboration with other stakeholders, will be more deliberate in ensuring growth in the Micro, Small and Medium Enterprises (MSMEs) space in Nigeria.

To this end, the National Council on Micro, Small and Medium Enterprises (MSMEs) has set up a committee to interface with the Central Bank of Nigeria to enhance the financing of small businesses in the country.

This was part of decisions taken on Tuesday at the first meeting of the National Council on MSMEs for 2025 held at the Presidential Villa, Abuja.

Speaking after deliberations by members, Vice President Shettima said the federal government, through its agencies and partners, has the moral burden of supporting growth in the MSME space and facilitating job creation across different sectors for Nigerians.

Reeling out the mandate of the committee, the Vice President said the efforts of the administration of President Bola Ahmed Tinubu in supporting small businesses, evident in important policies and programmes, need to be complemented by stakeholders, especially the private sector.

The committee headed by the Minister of State for Industry, Trade and Investment, Sen. John Enoh, has Ministers of Science and Technology; Women Affairs; Minister of State for Agriculture and Food Security and the Senior Special Assistant to the President on MSMEs as members.

Others include the CEOs of Bank of Industry, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bank of Agriculture (BOI), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), and the representative of NACCIMA and the organized private sector.

In the same vein, Council also approved a loan scheme for MSMEs known as the syndicated de-risked loans for small businesses.

The scheme will be a partnership between state governments and financial institutions aimed at enhancing access to finance for MSMEs at single-digit rates across the country.

Vice President Shettima advised state governments to set up vehicles that are devoid of political interests to drive the implementation of the syndicated de-risked loans for the MSMEs scheme.

“Some of these initiatives are laudable and will need to outlive the present administrations in the States. Regardless of political affiliations, Nigerians must be seen to be the ultimate beneficiaries of these schemes that we are trying to put in place,” the VP stated.

Earlier, the Senior Special Assistant to the President on MSMEs, Mr Temitola Adekunle-Johnson, presented the ‘syndicated de-risked loans’ scheme for small businesses, seeking the cooperation of members and describing it as a game-changing programme to provide affordable and available loans for businesses.

He said the initiative is in acknowledgement of the President’s passion and commitment to the development of small businesses and aimed at providing more jobs for Nigerians.

In his presentation on the state of MSMEs in Nigeria, the DG SMEDAN, Mr Charles Odii, said the agency was proposing an initiative which was born from a 3-day MSME conference held in 2024.

He said the initiative known as the GROW Nigeria strategy is to provide guidance, resources, opportunities, and the workforce to support the about 40 million small businesses across 8 distinct sectors.

Present at the meeting were the Deputy Governor of Enugu State, Mr Ifeanyi Ossai; the representatives of the Governors of Benue and Katsina States; the Minister of State for Industry, Trade and Investment, Sen. John Enoh; Ministers of Science and Technology, Mr Uche Nnaji; Women Affairs, Hajiya Imaan Sulaiman-Ibrahim; Minister of State for Agriculture and Food Security, Sen. Aliyu Abdullahi; representative of the Governor of Central Bank of Nigeria.

Others are the CEOs of Bank of Industry (BOI), Bank of Agriculture (BOA), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), NAFDAC, Standards Organisation of Nigeria (SON); National Bureau of Statistics (NBS); the Presidents of NACCIMA and National Association of Small and Medium Enterprises (NASME).

FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

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Akume Insists Tinubu Means Well for the Nation

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Akume Insists Tinubu Means Well for the Nation

By: Michael Mike

Secretary to the Government of the Federation, Sen.George Akume has said President Bola Tinubu means well for the nation, pledging to continue to work hard to support the Nigerian leader to achieve his many laudable programmes and vision for the country.

Akume made the promise at the weekend when he was decorated as “Star Associate of President Tinubu,” and Grand Patron of the Nationwide Tinubu Connect Associates (NTCA),

The Secretary to the Government of the Federation, made the declaration while he was decorated as “Star Associate of President Tinubu” by the National Co-ordinator/President of the Nationwide Tinubu Connect Associates (NTCA), Hon. Henry Nwabueze, who led a delegation of leaders of the Movement to the SGF ‘s office at the weekend in Abuja.

Akume pledged to continue to support the policies of President Bola Tinubu in his quest to make Nigeria safe and economically viable again.

He also pledged to continue to work hard to support the Nigerian leader to achieve his many laudable programmes and vision for the country.

Nwabueze, on his part said Sen. Akume has given so much in service to Nigeria and in support for the Tinubu Administration that he became the best choice for the position of the Movement’s Grand Patron and the first to receive the award of “Star Associate of President Tinubu,” an award intended for those in diverse fields of endeavour whose very efforts are promoting the vision of Mr. President for a better Nigeria.

According to Nwabueze, a former President of the National Youth Council of Nigeria (NYCN) and distinguished Delegate at the 2014 Justice Kutigi Nigerian National Conference initiated by the Jonathan Administration, Sen. Akume represents the Tinubu Administration’s efforts aimed at injecting competence, maturity as well as discipline and hard work in public governance, and thanked the SGF for accepting the two honours, revealing that in the weeks ahead Nigerians would see the advocacy campaigns of the Movement in support of President Tinubu’s efforts at repositioning the country.

He reiterated the advice to Nigerian politicians that anyone who is wishing to contest for the Office of President in 2027 should have a rethink, stressing that there will be no vacancy in Aso Rock Villa in that year.

Nwabueze added that: “The occasion today is a very short one and, therefore, does not require long speeches.

“Let me start by conveying the appreciation of the entire membership of the Nationwide Tinubu Connect Associates (NTCA), both at home and in the Diaspora, all who have unanimously agreed that the man that has been chosen as our Grand Patron more than fits the bill.

“For several years, even before some of us were born,His Excellency, Distinguished Senator (Dr.) George Akume,CFR,has continued to serve this nation in diverse capacities.

“Whether as Permanent Secretary or Governor in his native State of Benue, Sen.(Dr.) Akume has for over fifty odd years held the flag of service and servant-leadership that has produced men and women of consummate repute and honour.

“Whether as Senator, Minister or even Secretary to the Government of the Federation,Sen.(Dr.) Akume’s place in the annals of history of our great nation remains one of honour well-deserved and laurels perpetually treasured.

“So, as we stand here today to decorate him as our Grand Patron and Star Associate of President Tinubu,the first in our list for such Honours,we are merely giving expression to what those who came before us saw to enlist him in the Benue Plateau Civil Service of his day,to make him Permanent Secretary in the Benue State Civil Service many years later,to make him Governor,to make him Senator, Minister and, today, Secretary to the Government of the Federation (SGF).

“On behalf of the National Executive Council and, indeed,the General Congress of the Nationwide Tinubu Connect Associates at home and abroad, I, Uche Henry Nwabueze, with the powers tacitly conferred on me by the Constitution of our Organisation, and in the name of the Most High God… Decorate you as Grand Patron of NTCA and as a Star Associate of President Bola Ahmed Tinubu.

“Your Excellency, the SGF is by this decoration welcomed to function in this capacity with all the rights and privileges attached thereto.

“Accept our humble congratulations,Your Excellency, our Grand Patron,”

The Nationwide Tinubu Connect Associates( aka: No Vacancy in Aso Rock 2027) is a registered group of like-minded Nigerians at home and in the Diaspora,who are committed to the promotion of the laudable efforts and programmes of the Tinubu Administration to repositioning Nigeria for greatness

The Movement has membership in all the States of the Federation and the 774 Local Government Councils.

Akume Insists Tinubu Means Well for the Nation

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