LIT backs FG’s policy to transform Nigeria into leading digital economy

A business of Cassava Technologies, Liquid Intelligent Technologies, LIT, has reiterated its interest in working with the government to achieve the objectives of Nigeria’s National Broadband Plan and to transform the country into a leading digital economy, as enshrined in the National Digital Economy Policy and Strategy (2020 – 2030).

The pan-African technology group disclosed this in Lagos at the weekend during the launch of its operations in Nigeria.

Group President & CEO of Cassava Technologies, Hardy Pemhiwa, said the acceleration of digital transformation and the rising demand for cloud services made Nigeria ripe for investment for Liquid Intelligent Technologies, stressing that its world-class infrastructure and scalable digital services will help businesses in the country to create jobs and opportunities, thereby reducing poverty.

He noted that as a one-stop shop technology company offering high-speed connectivity, cloud and cyber security services with unmatched resilience and scalability, Liquid Intelligent Technologies entry into Nigeria will give new impetus to the country and region’s digital transformation journey.

“We were the first African company to lay over 100,000 km of fibre network across the African continent, and we plan to extend our reach into Nigeria. Expanding our operations here reiterates our interest in working with the government to achieve the objectives of Nigeria’s National Broadband Plan (2021 – 2025) and to transform Nigeria into a leading digital economy, a vision enshrined in the National Digital Economy Policy and Strategy (2020 – 2030). Through our expertise, we will work towards ensuring that businesses and individuals can add to the growing digital economy setting Nigeria on its path to transform into a tech powerhouse in Africa,” he said.

CEO of Liquid Intelligent Technologies Nigeria, Wole Abu, noted that access to new and innovative technologies and high-speed connectivity has changed how organisations work across the continent.

Abu noted that through partnerships with international tech giants like Microsoft, Meta, AWS, and Oracle, the company is redefining network, cloud and cyber security offerings. In addition, he said, the company’s pan-African footprint uniquely positions it to utilise its infrastructure to accelerate the availability of new intelligent technologies, including the high computing power of the cloud, artificial intelligence and cyber security services to customers.

“In the last two years, we have seen Nigeria benefit exponentially as businesses transformed digitally. The need now is to elevate local businesses with increased access to digital solutions that will level the playing field compared to their European and US counterparts. In addition, the expertise we have garnered in the last two decades of partnering with businesses in other African countries will play a crucial role as we provide companies with the necessary tools to enable further growth,” says Abu.

The Director, Technical Standards and Network Integrity, Nigerian Communications Commission, Engr. Wakil Bako, who represented the Executive Vice-Chairman and Chief Executive Officer of the commission, said the diversification of the economy remains a key priority of the Muhammadu Buhari-led government. He said that the commission is committed to the promotion of a digital-led growth that will make the Nigerian economy more agile and globally competitive in the 21st century.