The Information and Communications Technology, the ICT sector has been a major player in Nigeria’s economic growth, contributing to the increase in the nation’s GDP percentage to as much as 14% from the 13.32% that it was at in 2019.
This impressive growth is as a result of many years of investment drive and policy implementation in the sector.
It has always been the dream of every nation to become one of the top economies in the world and Nigeria, just like the others, holds this dream especially at a time when the significant impact of the ICT sector is being recognized (it is a major facilitator for developing other critical sectors which include agriculture, manufacturing, education, etc.)
However, this dream is far from being realized as there have been hurdles in the way of the sector expanding and accessing investment opportunities, one of which is the lack of collaboration between the government and the ICT sector.
The sector has also been faced with dealing with multiple regulatory bodies and several taxations.
In a webinar organized by the Telecommunications and Technology Sustainability Working Group (TTSWG) themed:
“Collaboration for Resilient ICT Sector”, one of the panelists, Deremi Atanda, Executive Director, SystemSpecs, emphasized on the need for the government to collaborate with the ICT sector for business sustainability to thrive.
Atanda also spoke on the need for the concerned parties to turn conversations into action, highlighting the role that the TTSWG currently plays in driving collaboration to ensure development.
He said, “The dimension of partnerships is taking the government on a platform of growth and this provides an opportunity for the private sector to thrive.
This collaboration will further enhance the achievement of sustainability goals, interconnectedness with policy conversations, advocacy and solutions.
“The TTSWG seeks to address various national issues by mobilizing human and material capital available to stakeholders in the focus sector to ensure sustainable practices that benefit the sector and the country.”
Recall that in November 2019, the government initiated the National Digital Economy Policy and Strategy (2020-2030) in a bid to reposition the Nigerian economy by taking advantage of the vast opportunities that the ICT sector provides instead of depending on the oil and gas sector.
The future looks promising for the ICT sector as it is an emerging upside in the next wave of the telecom revolution.
It is now left for the government to see itself as a partner to telecom players instead of a provider, by collaborating with them in order to ensure a growing entrepreneurial eco-system in the technology sector and attract multinational/foreign investors.
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