The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government and members of the private sector to leverage the power of technology to drive flexibility and innovative competitiveness in the face of uncertainties.
This assertion was made on Tuesday, July 27, 2021, by Mrs. Toki Mabogunje, President of LCCI while speaking at ICTEL EXPO 2021 themed: “Disruptions, Resilience, and Governance in a Digital Economy”
According to the President, the statement was a drive for Nigeria to align more with the latest trends on internet access, mobile communication and social media to carry out their daily businesses while participating in knowledge sharing.
Mabogunje stated that the global digital economy was evolving and making more impact on businesses owing to its dynamic nature and its power for digital transformation.
“The government has shown commitment to fostering growth in the ICT sector, but we need more and we need to move faster in order not to lag behind the rest of the world,”, She noted
Stating further Mabogunje emphasized that Nigeria needs to create an enabling environment if it wants more investment from tech companies. She also stated that digital transformation could bring about a reduced cost for goods and services.
“Technology has transformed businesses, academics, government and lifestyles across the globe. The critical role of sound governance and the right policies supporting the ICT sector cannot be over-emphasized.”, she added
Delivering the keynote address, Mr. Tunde Kuponiyi, Managing Director, Hope PSBank Limited, represented by Oti Omaghomi, Group Head, Payments, Hope PSBank Limited called for a better strategy that would reposition Nigeria in the global digital economy.
“Digital disruptions is an opportunity and not a threat and so there must be a willingness to adapt, innovate and collaborate to for businesses to survive.
“Focus must be on the competitive advantage of technology and we must be better able to leverage technology to address disruptions.”, Kuponiyi noted
Kuponiyi also asserted that the Nigerian Data Privacy Regulation Act follows the best global practices, therefore all fears should be dispelled.
“In terms of data privacy, Nigeria is guided by best practices of what is obtainable particularly in the financial industry.”
Featured Image: Mrs. Toki Mabogunje, President, LCCI
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