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FG Targets 21% ICT Contribution to GDP by 2027

FG Targets 21% ICT Contribution to GDP by 2027

Eriki Joan UgunushebyEriki Joan Ugunushe
1 year ago
in Government
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The Federal Government has announced an ambitious plan to boost the Information and Communications Technology (ICT) sector’s contribution to Nigeria’s Gross Domestic Product (GDP) to 21% within the next two to three years. Speaking at the Public Servant Training Institute in Kubwa, Abuja, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, underscored the administration’s commitment to transforming the digital economy into a central pillar of national growth.

Currently contributing between 14% and 16% to Nigeria’s GDP, the ICT sector is viewed as a critical growth driver. “Under this administration, our projection is to raise this contribution to 21% in the next two to three years, further solidifying its importance,” Tijani stated, reflecting optimism in the sector’s potential.

Table of Contents

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  • Heavy Investment in ICT Infrastructure
  • Empowering Youth Through Digital Skills
  • Building a Digital Economy for Prosperity

Heavy Investment in ICT Infrastructure

The government has prioritized investments in ICT infrastructure, artificial intelligence, and digital transformation to enhance productivity and foster economic growth. Tijani highlighted ongoing efforts to expand the nation’s fibre optic network and integrate technology into government services, emphasizing that these initiatives aim to connect more Nigerians and improve service delivery.

However, with increased connectivity comes heightened vulnerability. The minister acknowledged this, calling for stronger measures to safeguard citizens in the digital space. “The more connected we are, the more vulnerable we become. It is crucial for the government to protect its people,” he remarked.

Empowering Youth Through Digital Skills

The Minister of Youth Development, Ayodele Olawande, echoed Tijani’s sentiments, outlining the administration’s dedication to empowering young Nigerians through entrepreneurship and innovation. He announced plans to enhance collaboration between government agencies and foster youth participation in economic development.

Additionally, the Nigeria Data Protection Commission has initiated a national certification training program for Data Protection Officers (DPOs). According to the Commission’s CEO, Dr. Vincent Olatunji, 500 participants will receive free certification, addressing previous budgetary constraints that hindered participation. “Nigeria cannot be left behind, especially in ensuring data safety and privacy,” Olatunji stressed, underscoring the importance of certified officers to meet the demand from over 500,000 registered data controllers.

Building a Digital Economy for Prosperity

Tijani reiterated that no nation can achieve prosperity without a robust digital economy. He urged participants of the training program to seize the opportunity, highlighting the global demand for digital skills. As Nigeria works towards its ICT contribution target, the administration’s efforts to empower citizens, improve infrastructure, and ensure data security signal a transformative era for the nation’s digital economy.

With the ambitious goal of reaching a 21% GDP contribution, the government’s focus on ICT is both commendable and overdue. However, the success of these initiatives will depend on consistent policy implementation, adequate funding, and the willingness to address lingering challenges in the sector.

Tags: 2027federal characterfederal governmentFG Targets 21% ICT Contribution to GDP by 2027gdpictNewsNigeria
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Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

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