THE DAILY ENCRYPT

[date-today format='F j, Y']

Nigeria Plans to Become Global Leader in Digital Finance

Yemi Osinbajo (Nigeria's Vice President) believes that Nigeria is well placed to be a leader in the digital economy. Nigeria must take the right approach...
Photo by David_Peterson

Yemi Osinbajo (Nigeria’s Vice President) believes that Nigeria is well placed to be a leader in the digital economy. Nigeria must take the right approach to develop digital skills in order for this to happen.

Yemi Osinbajo (Nigeria’s vice president) recently stated that Nigeria has enough human capital for it to become a global leader in digital economy. 

However, the vice president stated that Nigeria must adopt the right policies and approach to make this a reality.

According to the News Ghana report Osinbajo made these remarks while speaking to the Nigeria Digital Economy Summit, which took place in Abuja. The Nigerian leader explained in the same speech why Nigeria is better today than it was three decades ago when the internet was first created.

“A whole new world is emerging before our very eyes. This is unlike Web 1 or 2, where we were somewhat disadvantaged. We didn’t have mobile phones in 1989 so we couldn’t take advantage of mobile telecoms’ digital innovation and financial inclusion. We are better placed to play a significant role in Web 3.

Vice President Osinbajo stated that Nigeria had “already demonstrated” that it can achieve this goal, as evidenced by the “6 unicorns [we have]” and “many more on the way.” However, Osinbajo insists that Nigeria needs to continue “investing time in the development of digital skills.”

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Latest News
PRESS RELEASES