Nigeria as a country is abundantly endowed with natural, physical and human resources. Its readiness for 4th Industrial Revolution is no longer in doubts, owing to the technological advancements we are witnessing in every strata of the economy.
According to Prof. Umar Danbatta, executive vice chairman of the Nigerian Communications Commission (NCC), Nigeria is not lacking in key policy and regulatory frameworks and instruments that will power the 4th Industrial Revolution.
Prof. Danbatta gave the assurance on Thursday in a keynote address he delivered at the Virtual 3rd Discourse Series of the Advocaat Law Practice with the theme: “Powering the Fourth Industrial Revolution in Nigeria”.
“Nigeria is not lacking in key Policy and Regulatory frameworks and instruments which will enable us to play a leading role in powering the 4th Industrial Revolution,” the Former University lecturer who was represented at the event by the Executive Commissioner, Stakeholder Management, NCC, Barr. Adeleke Adewolu announced.
He explained that for Nigeria to fully harness the opportunities of the 4thIndustrial Revolution as a nation, effective guiding frameworks must be put in place to address the various aspects of the digital ecosystem and ensure their effective interworking in the national interest.
He disclosed that the National Digital Economy Policy and Strategy Policy (2020-2030) which boasts of eight (8) pillars is designed to champion the 4thIndustrial Revolution.
The policy, according to him enables Nigeria to become a leading player in the global digital economy; provides a catalyst to facilitate the diversification of the economy; and accelerates the attainment of the key national objectives of improving security, reducing corruption and expanding the economy.
Other strategies that will enable the telecommunications sector to provide the infrastructure backbone for powering the Fourth Industrial Revolution in Nigeria is the Nigerian National Broadband Policy (2020-2024), which clearly highlights the various implementation strategies that would aid the pervasive inclusion and rollout of broadband services across the country whilst also developing a robust and holistic digital economy.