The Federal Government of Nigeria has launched a strategy to boost Africa’s digital trade under the African Continental Free Trade Agreement (AfCFTA).
Vice-President Kashim Shettima revealed this during a Stakeholders Summit at the Presidential Villa, Abuja.
In his keynote speech, Vice-President Shettima outlined key elements of the roadmap. The strategy focuses on implementing AfCFTA’s Digital Trade Protocol and establishing extensive technical talent hubs. Shettima also emphasized the plan’s aim to use trade as a catalyst for economic growth and unity across Africa.
Nigeria’s Leadership in Technological Transformation
He further highlighted Nigeria’s potential to lead Africa’s tech transformation. “We are the continent’s largest ICT hub. We must lead the way into the future of this industrial revolution.”
The Vice-President stressed that Nigeria’s policy initiatives need to align with those of developed economies. These policies must be enhanced to accelerate Nigeria’s growth and maintain its status as Africa’s leading tech hub.
To achieve these goals, the plan will focus on boosting digital infrastructure investments and encouraging disruptive innovation and entrepreneurship.
Shettima emphasized the importance of strategic public-private partnerships. Additionally, he said these partnerships are crucial for successfully implementing the AfCFTA’s Digital Trade Protocol.
The government also committed to investing in digital infrastructure and human capital development. Shettima acknowledged that the digital sector underpins all other industries, and Nigeria must keep pace with digital technologies.
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Ongoing and Future Initiatives
Shettima mentioned several programs supporting Nigeria’s digital economy. These include the Investment in Digital and Creative Enterprises (iDICE) and the Ministry of Communications’ initiative to train three million technical talents (3MTT). Additionally, the Outsource to Nigeria Initiative (OTNI) is another key program.
Dr. Bosun Tijjani, the Minister of Communications, Innovation, and Digital Economy, praised the Tinubu administration’s efforts. He noted significant investments in the digital trade protocol, aimed at creating opportunities for Nigeria and Africa.
Last week, President Bola Tinubu launched the Guided Trade Initiative under AfCFTA. This initiative marks a significant step in boosting intra-African trade and economic diversification. It is expected to unlock $50 billion in economic opportunities for Nigerian businesses.