Osinbajo: Nigeria can become global leader in digital economy

Vice President Yemi Osinbajo has said Nigeria has the requisite talents, creativity and acumen to become a world leader in digital economy.

He said this on Monday in an address in Abuja as a special guest and keynote speaker at this year’s Nigeria Digital Economy Summit (NDES) with the theme ‘Web 3.0, Blockchain & DeFi: Impact on Africa’s Digital Economy’.

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The vice president said with the right approach and policy, as well as the country’s human capital and potential, Nigeria can actually become a world leader in digital technology in all its various ramifications.

He delved into the different levels of progress recorded since the advent of the use of the web on a large and global scale since Web 1 in 1989, and highlighted the future of technology, digital economy and what it means globally, and especially for Nigeria.

He 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.”