Nigeria set to reap rewards of digital economy

digital economyLAGOS, (CAJ News) – IT is envisaged the financial services sector within Nigeria’s digital economy could add US$88 billion and create over 3 million new jobs in the country over the next decade.
This has emerged from a meeting of ministers from developing countries
namely Argentina, Chile, Colombia, Costa Rica, Kenya, Mexico, Nigeria,
Pakistan, Sri Lanka and Uruguay, under the auspices of the Friends of
E-Commerce for Development (FED).
They met in Geneva, Switzerland on Tuesday.
The job figures for Nigeria are in line with estimates of a study carried out by McKinsey Global Institute (MGI). Further studies indicate that potential gains of the digital economy will be manifest in digital accounts, payments, mobile money, health and educational services and other sectors of the economy.
Nigeria Minister of Industry, Trade and Investment, Dr. Okechukwu
Enelamah, who led the Nigerian delegation to Geneva, explained the
ministry was already developing the “Smart Nigeria Digital Economy
“The Smart Nigeria Digital Economy Project is our response to an area of intense economic and technological activity by Nigerian youths, where there is a growing pool of talent,” he stated.
Meanwhile, FED gathered for its first Ministerial Meeting in Geneva on the sidelines of the United Nations Conference for Trade and Development (UNCTAD) E-Commerce week.
CAJ News

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