IT projects’ clearance saves Nigeria N22.8b in 4 years says Ibrahim Pantami

Minister of Communications and Digital Economy, Prof. Ibrahim Pantami last week in Athens, claimed that the gains of Nigeria’s foray into digital economy has yielded fast return on investments.

The minister spoke at the just- concluded 14th International Conference on Theory and Practice of Electronic Governance, ICEGOV 2021 in Greece.

The conference was themed: Driving the Implementation of the National Digital Economy Policy for a Digital Nigeria: The Journey So Far.

Listing several gains the country has made since embracing digital transformation, the minister said  the adoption of IT projects Clearance had saved the country over N22.8 billion in the last four years.

He said the implementation of the National Digital Economy Policy and Strategy, NDEPS in less than two years of its launching have had a significant impact on Nigeria’s economy with the digital sector contributing to the GDP an unprecedented 17.90 per cent in second quarter of 2021.

The minister who was represented by the Director-General, National Information Technology Development Agency, Mallam Kashifu Abdullahi, lamented Nigeria’s loss at previous industrial revolution, maintaining that Nigeria has to make a strategic decision to join the digital bandwagon as it cannot be left behind in this digital age.

In his words: “We lost totally in the past industrial age but we must not lose in today’s digitalisation and the digital economy, driven by the Fourth Industrial Revolution. Industry 4.0 is the next phase of digitalization. The digital economy is developing at a remarkable rate, and it has been widely accepted that it is the single most important driver of innovation, competitiveness and growth.”

According to him, the establishment of automated IT projects’ Clearance process which is aimed at eliminating duplication and ensuring the nation derive value for her money in the implementation of ICT projects in the country, has registered 1,048 users, cleared 485 projects and saved N22,859,306,220.96 billion (about $58,764,283.34) for the Federal Government from 2017 to date.

He stated that the Nigerian Smart Initiative has seen to the launch of National Adopted Village for Smart Agriculture which is designed to use ICTs and emerging technologies to support the Federal Government in its drive to create more jobs for the youthful population and attract them into agriculture, improve food production, increase wealth and income of farmers and agricultural value chain players, improve food security, promote access to international food markets and ultimately, a means of economic diversification.

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