Osinbajo: Nigeria can become the world leader in the digital economy

Vice President Yemi Osinbajo said Nigeria has the talent, creativity and insight to become a global leader in the digital economy.

He said so on Monday in a speech in Abuja as a special guest and keynote speaker at this year’s Nigeria Digital Economy Summit (NDES) themed “Web 3.0, Blockchain & DeFi: Impact on the Africa’s digital economy”.

The Vice President said that with the right approach and policy, along with the country’s human capital and potential, Nigeria can truly become a global leader in digital technology in all its various ramifications.

He looked at the different levels of progress since the advent of large-scale, global web usage since Web 1 in 1989, and highlighted the future of technology, the digital economy and what it means globally, and in particular for Nigeria.

He said, “A whole new world is unfolding before our eyes, unlike Web 1 and 2 where we were relatively disadvantaged.

“In 1989, we didn’t have cell phones, so we couldn’t take advantage of the reach and depth that mobile telecommunications gave to digital innovation and financial inclusion. We are now better positioned to be significant players in Web 3.

“We have already shown that we have the talent, creativity and insight to create and grow great technology companies.”

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