Stakeholders Embrace Digital Economy To Grow Economy

L-r: Co-Chair, MoDiTECH2019, Chris Uwaje; Director, Technical Standards & Network Integrity at the Nigerian Communications Commission (NCC), Engineer Bako Wakil; Editor, TechEconomy.ng and convener of MoDiTECH2019, Peter Oluka; MD Rack Centre and Chair, MoDiTECH2019, Dr. Ayotunde Coker; Founder, CWG Plc and Keynote speaker, MoDiTECH2019, Mr. Austin Okere and the President, Digivation Networks, Dr. Bayero Agabi, during Mobile and Disruptive Technology Forum (MoDiTECH2019) held at Victoria Crown Hotel, VI, Lagos, recently.

Stakeholders Embrace Digital Services To Accelerate Economy

To fully embrace the possibilities that digital technology has to offer both the private and public organisations have to be willing to use agile approaches in which requirements and solutions evolve over time.

Through adaptive planning, evolutionary development, early delivery, and continuous improvement agile development methods encourage rapid and flexible response to change.

These were the thoughts of speakers at the maiden Mobile and Disruptive Technology Forum (MoDiTECH2019) organised by TechEconomy.ng in Lagos recently.

Participants at the Forum were exposed to how industry leaders are using disruptive technologies such as Mobile Internet, Automation of Knowledge and Work, Internet of Things (IoT), Cloud Technology etc. to improve the quality of life for people and redefining business models such as Agritech, FinTech, e-Billing, e-Commerce, e-Governance, e-Payments and transportation, smart city.

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Garba Danbatta, said that through its regulatory excellence, the Commission is at the forefront of unleashing the digital economy that will spur industrial growth, job creation, and Return on Investment (RoI) for investors.

According to him, the internet is at the leading edge of digital revolution, which informed why NCC is supporting operators to deploy more infrastructure.

“Today, Nigeria has started a test-run of 5G, the latest technology for delivering broadband services and such other services as Internet of Things (IoT), Artificial Intelligence (AI). The trial will last for three months. Nigeria hopes to join other countries which are in a rush to deploy the 5G technology because of its immense promise for digital communication,” Danbatta said.

Prof. Danbatta who spoke through Director, Technical Standards and Network Integrity at NCC., Engineer Bako Wakil, also disclosed that the Commission was “at the verge of sending the N65 billion request for supporting the already six infrastructure companies (InfraCos) licensed to roll out broadband infrastructure across the country, to the Federal Executive Council (FEC) for approval”.

Meanwhile, Danbatta expressed concurrence of the Commission to the renaming of the Ministry of Communications to ‘Federal Ministry of Communications and Digital Economy’.

“The renaming of the Ministry shows a demonstration of the future of telecoms in all government sectors and the economy; the EVC, therefore, commended the Minister, Dr. Isa Pantami and members of the Federal Executive Council for the foresight and dramatic change. This, will spur a new debate and redirect the Ministry and other agencies under it as well as the private sector to a new awakening that digital economy brings,” he added.

In a keynote presentation titled: ‘Social and Global Impact: Engaging for Growth’, the Founder/Vice-Chairman of CWG Plc, Mr. Austin Okere, recalled that in 2018, the mobile ecosystem contributed more than $500 billion to the funding of the public sector through general taxation. By 2023, mobile’s contribution will reach”.

L-r: Co-Chair, MoDiTECH2019, Chris Uwaje; Director, Technical Standards & Network Integrity at the Nigerian Communications Commission (NCC), Engineer Bako Wakil; Editor, TechEconomy.ng and convener of MoDiTECH2019, Peter Oluka; MD Rack Centre and Chair, MoDiTECH2019, Dr. Ayotunde Coker; Founder, CWG Plc and Keynote speaker, MoDiTECH2019, Mr. Austin Okere and the President, Digivation Networks, Dr. Bayero Agabi, during Mobile and Disruptive Technology Forum (MoDiTECH2019) held at Victoria Crown Hotel, VI, Lagos, recently.

According to him, Nigeria as among the three smartphone super-powers to emerge by 2025, stands to benefit from the smartphone ubiquity across the world that enables consumer engagement in numerous use cases.

He said, however, slowing unique subscriber growth, regulatory intervention and intense competition continue to put pressure on operators’ traditional mobile revenue.

 

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