Minister of Communications and Digital Economy, Dr Bosun Tijani, has said that the country’s digital economy has been projected to generate $18.3 billion by 2026.
He said the digital economy has the potential to revolutionise the nation’s economy.
The minister made this known at a media engagement forum on the National Digital Economy and e-Governance Bill in Abuja.
Tijani pointed out that Nigeria has unicorn companies such as Flutterwave, Jumia, Andela, and Interswitch which had demonstrated that the digital economy is strong and can lift the country to where it should be.
“The digital economy recorded about $5.49 billion in revenue in 2019. This sector is projected to generate up to $18.3 billion by 2026,” the Minister stated.
According to him, the Digital Economy and e-Governance Bill when passed into law, would provide a legal framework and accelerate progress in the digital economy agenda as well as support the growth and transformation of Nigeria’s economy through the application and use of this technology in all facets of life in Nigeria.
Tijani noted further that when the bill is passed into law, it will be implemented in all the six geopolitical zones of the country.
Director-general of the National Information Technology Development Agency (NITDA), Malam Kashifu Inuwa, represented by the Director of Standards, Guidelines and Frameworks Department, Mr Emmanuel Edet, said the bill will enhance the use of the digital economy in the entire country, both in government and the private sector.
