“Why FG promotes technology development with the private sector”

President Muhammadu Buhari’s Senior Special Assistant on Digital Transformation, Oswald Osaretin, said the federal government is partnering with the private sector to drive growth in the technology sector because of the visible prospects the private sector possesses.

Osaretin said so during a panel discussion at the ongoing 28th edition of the Nigerian Economic Summit titled “Building a Digital Future”.

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According to him, the digital economy in the world is the fastest growing sector, which is why Nigeria is in a leading position.

“Nigeria’s technology target is under 25 and we have the market to create huge employment opportunities and the only way to effectively actualize this target is to partner with the private sector.”

“Creating a technology-driven government will also accelerate digital growth in terms of building capacity and developing successful young entrepreneurs in other fields,” he said.

Also speaking, Nasarawa Investment and Development Agency (NASIDA) Managing Director/Chief Executive Ibrahim Abdullahi said the Nigerian tech market is worth more than $1 billion, that is why the state government relies on technology to boost revenue collection as well.

He added that “Nigeria needs to recognize its comparative advantage and creating an enabling environment provides investment to the private sector.”

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