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Home Tech

Digital Economy has created pathway for emerging technologies – NITDA

Business 360 by Business 360
May 23, 2023
in Tech
0
UK lauds Africa’s achievements in Fintech

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa has said digital economy has created a pathway for emerging technologies and provided opportunities for youths in Africa to emerge as global leaders by harnessing their potentials.

Inuwa said this on Monday at the Leaders Without Borders Annual Business Summit and International Honors 2023 in London. With the theme: “Business Beyond Borders, Global Partnerships and Sustainable Investments,”  the global event brings together business leaders, entrepreneurs, and thought leaders from around the world to promote collaboration and innovation in business work.

The NITDA DG said to ensure Nigeria’s pool of talents was not left behind, the agency established the National Center for Artificial Intelligence and Robotics (NCAIR), to drive and support research, development, and adoption of emerging technologies in the country.

“Nigeria is thriving and has the most vibrant tech ecosystem in Africa, the fintech company which is almost twice bigger than the biggest bank in Nigeria. The biggest bank in Nigeria is about $1.6 billion in valuation, while Flutterwave is almost $3.6 billion. While looking into e-commerce, e-health, mobility and logistics, e-recruitment, Agric-tech, prop-tech, and smart homes which are booming in Nigeria and Africa in general”, he said.

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