Nigeria can challenge US, China, Germany, others in digital economy, VP Osinbajo boasts

Vice President Yemi Osibanjo says the country has the potential to go toe-to-toe with other world powers in digital economy.

As reported by the Vanguard, Osinbajo made this known on Monday, October 10 at the Nigeria Digital Economy Summit (NDES).

Osinbajo said if the right approach and policies are put in place, there will be no limit to what Nigeria can do in the digital space.

He said Nigeria can be a powerhouse for a digital economy with the caliber of human capital and potential in Nigeria.

Osinbajo said: “A whole new world is unfolding before our very eyes, unlike Web 1 and 2 where we were relatively disadvantaged. In 1989 we didn’t have mobile phones so we could not take advantage of the reach and depth that mobile telecoms gave digital innovation and financial inclusion. We are now better positioned to be significant players in Web 3.

“We have already shown that we have the talent, creativity and acumen to build and grow major tech companies. At the last count, we have 6 unicorns and many more on the way. But we must spend time on the development of digital skills.”