{"id":12720,"date":"2017-05-02T11:30:53","date_gmt":"2017-05-02T10:30:53","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=12720"},"modified":"2017-05-02T11:30:53","modified_gmt":"2017-05-02T10:30:53","slug":"digital-economy-to-create-over-3m-jobs-as-nigeria-others-discuss-road-map-in-geneva-2","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/digital-economy-to-create-over-3m-jobs-as-nigeria-others-discuss-road-map-in-geneva-2\/","title":{"rendered":"Digital Economy to Create over 3m Jobs, as Nigeria, Others Discuss Road Map in Geneva"},"content":{"rendered":"

It has emerged that financial services within Nigeria\u2019s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years.<\/p>\n

This comes as Ministers from developing countries namely Nigeria, Mexico, Kenya, Argentina, Colombia, Sri Lanka, Uruguay, Chile, Costa Rica and Pakistan under the auspices of Friends of E-Commerce for Development (FED) resolved to put forward a policy agenda to bridge the digital divide as well as provide development solutions in the long term, during their meeting in Geneva, Switzerland today.<\/p>\n

The job figures are in line with estimates of a study carried out by McKinsey Global Institute (MGI). Further studies indicate that potential gains of the digital economy will be manifest in digital accounts, payments, mobile money, health and educational services and other sectors of the economy.<\/p>\n

Minister of Industry, Trade and Investment (http:\/\/FMITI.gov.ng) Dr. Okechukwu Enelamah who led the Nigerian delegation to Geneva, explained that the Ministry is already developing the \u201cSmart Nigeria Digital Economy Project\u201d and that the objective is to solve efficiency problems and create leap-frog opportunities in the economy, improve competitiveness and foster technology development and innovation more generally.<\/p>\n

\u201cThe Smart Nigeria Digital Economy Project is Nigeria\u2019s response to an area of intense economic and technological activity by Nigerian youths, where there is a growing pool of talent\u201d, he stated.<\/p>\n

\u201cIt is a sector of the economy where the private sector already has ownership. The role of government would therefore be to ensure a sound pro-competitive regulatory environment and hardware infrastructure to foster rapid growth of this area,\u201d Enelamah added.<\/p>\n

The Minister also shared the fact that there are currently 150 million active mobile users in a country of 170m, of which over 60% are connected to the internet. There are some 17m Facebook users and new technology startups and young people writing apps that solve problems and spur growth.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Lagos, the largest commercial city in Africa accommodates some of Africa\u2019s well-known consumer tech businesses such as iRokotv, Hotels.ng, Jobberman, Andela, Balogunmarket, and Truppr.com.<\/p>\n

Meanwhile, FED gathered for its first Ministerial Meeting in Geneva on the sidelines of the United Nations Conference for Trade and Development (UNCTAD) E-Commerce week.<\/p>\n

In a communiqu\u00e9 at the end of their meeting, the group said that the road map put together by member countries would form the foundation for sustainable economic development as well as pave the way for conversations at UNCTAD and the World Trade Organisation (WTO) in advance of the Ministerial Meeting of the WTO in Argentina later this year.<\/p>\n

The communiqu\u00e9 noted that the \u201cFEDs came together to build an inclusive and open space for discussion of e-commerce viewed from the development perspective. FEDs view e-commerce as an instrument that brings the digital, development and trade agenda together and as a tool for inclusive and sustainable economic growth.\u201d<\/p>\n

The FED is a diverse, non-negotiating, group of WTO Members and UN Member States at different levels of development, with an understanding of the impact of E-Commerce and its ability to create sustainable economic opportunities for all.<\/p>\n

In light of Nigeria\u2019s strong engagement in the fast developing area of digital economy of which e-commerce is a part, on 24th\u00a0April, Nigeria\u2019s Chief Negotiator Ambassador Chiedu Osakwe was invited by the office of the UNCTAD Secretary-General to deliver the Keynote Address at the UNCTAD E-Commerce week session on E-commerce in Africa. In his address titled: \u201cTrumping Timidity: The Importance of Audacity in the Digital Economy\u201d, Ambassador Osakwe urged African countries to integrate digital economy strategies and action plans into domestic structural reforms for diversification, modernization and growth. \u201cAfrica needed to be offensive in this area, acting innovatively, purposefully and expeditiously\u201d because the gains and development yields were considerable as evidenced by the Nigerian example.<\/p>\n","protected":false},"excerpt":{"rendered":"

It has emerged that financial services within Nigeria\u2019s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years. This comes as Ministers from developing countries namely Nigeria, Mexico, Kenya, Argentina, Colombia, Sri Lanka, Uruguay, Chile, Costa Rica and Pakistan under the auspices of Friends of E-Commerce for …<\/p>\n","protected":false},"author":11,"featured_media":12721,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1793],"coauthors":[2392,2393],"class_list":["post-12720","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-digital-economy"],"yoast_head":"\nDigital Economy to Create over 3m Jobs, as Nigeria, Others Discuss Road Map in Geneva - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/digital-economy-to-create-over-3m-jobs-as-nigeria-others-discuss-road-map-in-geneva-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital Economy to Create over 3m Jobs, as Nigeria, Others Discuss Road Map in Geneva - National Wire\" \/>\n<meta property=\"og:description\" content=\"It has emerged that financial services within Nigeria\u2019s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years. 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