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Olugbemi. Adeyinka Ogunleye
3 months ago
Overview
Rewane: Investment in Broadband Will Create Tech Jobs, Drive Demand for Digital Skills
Given the importance of broadband in driving digital connectivity across sectors of the Nigerian economy, the CEO, Financial Derivatives Company, Mr. Bismarck Rewane, has said further investment in broadband will create more technology jobs and drive demand for digital skills.
Rewane disclosed this at the launch of the National Broadband Alliance for Nigeria (NBAN) by the federal government in Lagos, while moderating a panel session that discussed the challenges and ways forward for a digitally connected Nigeria. According to him, expanding rural broadband will promote inclusive access empower underserved communities with education, healthcare and economic opportunities. He said investment in internet infrastructure and broadband connectivity would increase data consumption by Nigerian businesses and individuals, adding that with the right investment, the Nigerian telecoms contributions to Gross Domestic Product (GDP) can be increased from 12.1 per cent in 2024 to 16.8 per cent by 2028.
“Global information technology spending is expected to rise by 9.3 per cent from 7.2 per cent last year and the key areas are Data center systems, Software enterprise, Artificial Intelligence (AI) technology, Deepstick technology and navigation activities, Cloud services, Cybersecurity, and e-Commerce. “If Nigeria is going to achieve a $1 trillion economy in the next 10 years, then we have to start working towards achieving it now. Nigeria secured a grant of $500 million from the World Bank for its metro expansion, and it’s expected to deliver 1.5 per cent of GDP growth per year and raise the income per capita of Nigeria over the next four years, directly and indirectly,” Rewane said.
More: https://www.thisdaylive.com/index.php/2025/02/06/rewane-investment-in-broadband-will-create-tech-jobs-drive-demand-for-digital-skills/
