Digital economy answer to dwindling oil revenue – Huawei MD

From Walter Ukaegbu, Abuja

Managing Director, Huawei Technologies Nigeria Limited, Mr. Tank Li, has praised Nigeria for realising the potential of its digital economy. Li who is at the helm of affairs in one of the frontline ICT organisation’s that graced the just concluded smart city summit spoke to the Sun in an exclusive chat explained that unlocking the dividends of digital economy has become imperative in the face of dwindling oil revenue with increasing pressure on the economy evident in budgets deficit and infrastructure deficit, among others.
He disclosed that it was noteworthy that Federal Government launched the “Smart Nigeria Digital Economy Project”, that aims to solve efficiency problems to leapfrog opportunities in the economy for the next 10 years.
The Huawei boss recalled that Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, had said that financial services within the country’s digital economy would add $88 billion to the GDP and create more than three million jobs within 10 years.
According to him, the potential gains of the digital economy would manifest in digital accounts, payments, mobile money, health and educational services along with other sectors of the economy.
“I fully agree with the fact that ICT-enabled technologies and solutions have the huge potential to serve as a major accelerator of the vision of smart Nigeria Digital Economy and its sustainable development goal,” he said.

 

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