Home Business Huawei, NIIA, Embassy of China advocate policy harmonisation for digital economy
Huawei, NIIA, Embassy of China advocate policy harmonisation for digital economy

Huawei, NIIA, Embassy of China advocate policy harmonisation for digital economy

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The role of broadband development in stimulating growth, policy harmonisation for enhancing Information and Communications Technology (ICT) infrastructure and attracting investment, as well as human resource development have been stressed as essential to achieving digital economy in Nigeria.

This was the outcome of a one-day conference with the theme, ‘Africa-China Cooperation in ICT and Digital Economy’, organised by the Nigerian Institute of International Affairs in collaboration with the Embassy of the People’s Republic of China in Nigeria and Huawei Technologies Company (Nigeria) Limited.

The conference was well-attended by representatives of government, foreign partners, and stakeholders in power and technology sectors at the Sheraton Abuja, Hotel, recently.

In his opening remarks, Mr Lanre Osibona, Special Adviser on ICT to Vice President Yemi Osinbajo stated that there was an urgent need to overcome challenges facing the nation in leveraging ICT to fuel the fourth industrial revolution that brings about digital economy.

“Africa must develop its skills. We must know how to scale workforce and move away from business base outsourcing to knowledge base outsourcing. Data is the future and new hope. For us as a country we must invest heavily in capturing data, Osibona, said.

Also speaking at the conference, Dr Zhon Pingjian, the ambassador of China to Nigeria, stated that, “China will continue to share its development opportunities with African countries and welcome them on board the train of China’s development.”

The conference featured discussions on policy issues with a view to proposing a domestic approach to not only enhancing the strategic priority of ICT and penetration of fixed broadband, but also improving connectivity through cost-effective network deployment, and easing the development of local content such as e-commerce in accelerating economic growth.

Speaking at the opening ceremony, Minister of Communication, Barrister Adebayo Shittu, said Nigeria’s revolution in the ICT sector accounts for well over $32 billion in Foreign Direct Investment (FDI) over the last 15 years. Such investments in infrastructure, he said, has created an ICT backbone that powers various critical sectors of the economy such as Banking, E-commerce, Insurance, and Oil& Gas. He advocated the need for all stakeholders to strengthen the technology and innovation ecosystem by supporting the development of innovation hubs in partnership with the private sector.

This conference provides the opportunity to jump start the critical game-changing steps needed to make Nigeria’s objectives a reality in digital economy. Beyond this conference, we must work to strengthen relationships and knowledge management platforms towards building the better and more digital future that we seek,”  Shittu Said.

Speaking at the event, Mr Tank Li, Managing Director of Huawei Technologies Nigeria, stated that a robust ICT infrastructure is the bedrock for digital transformation in Nigeria and that to unleash Digital Economy potentials in the country, issues of availability and affordability need to be addressed.

“In order to foster digital transformation of the economy, policies and programmes to increase ICT infrastructure and ensure wide-spread coverage both in urban and rural areas should be prioritised to make voice and data services available; at the same time, strategic measures of infrastructure sharing, investment-friendly regulatory framework and preferential taxation policies are needed to reduce sites acquisition and broadband deployment costs in order to bring down the cost for users to really encourage application of ICT across the industries and the whole society,” Li said.

Source: Nigerian Tribune

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