Pantami: Nigeria Must Promote Innovation, Entrepreneurship to Compete Globally

TECH DIGEST- In order to compete on a global scale, Africa’s largest economy must continue to support innovation and entrepreneurship, according to Prof. Isa Ali Ibrahim Pantami, Minister of Communication and Digital Economy. Global competitiveness is the capacity of countries to offer premium goods and services at competitive prices with satisfactory returns.

He made this statement while being represented by Engr. Aliyu A. Aziz, Director General, National Identity Management Commission, during a lecture he gave at the National Defence College in Abuja (NIMC).

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In his lecture titled: “Digital Economy and National Development: Building Nigeria’s Resilience for Global Competitiveness,” Pantami said Nigeria must raise the bar by competing globally with other developed countries. “By competing with ourselves, we will be missing out on external factors. We should improve and be competitive globally.”

The creation of the National Digital Innovation and Entrepreneurship Centre, which was led by the Ministry, will bring many benefits to Nigeria and change the country’s economy to one that is driven by innovation and entrepreneurship.

He explained that Nigeria needed to benefit from every technological advance in response to the question of why the country was rushing to launch a 5G network when other network generations, like 3G, were not being fully utilised.

“We can’t stay in one place. 5G has lots of potentials which will be even beneficial to those in rural areas. When there is a new technology, we have to tap into it and move forward.”

Since 5G technology offers real-time platforms and services, it can help with some of the nation’s most pressing problems.

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