Around the world, the drums of innovation are beating louder. The resulting lyric is transformational as technological innovation continues to facilitate the process of socio-economic developments of nations. The anchor driver, ICT, is enabling new ways of exchanging information, and transacting businesses, efficiently and cheaply. It has also changed the dynamic natures of all major industries and provided better means of using the human and institutional capabilities of nations in both the public and private sectors, radically altering the ordinances of trade and commerce, at regional and international levels.
As ICT transforms economies into knowledge-based economic systems, and data societies, made of citizens, firms and states, entwined in electronically linked interdependent relationships, the constructs of market systems will never be the same.
This year, I have the honour to be coordinating for the Nigerian people through the Nigerian Economic Summit Group a design for e-Nigeria. We are looking at many digital anchors towards transforming the architecture of the Nigerian economy.
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For example, while it may not be popular, markets could be more effective in delivering some services which the government is doing now. So, using public-benefits companies, are there ways we can simultaneously improve delivery- and cost-efficiency for the citizens? The U.S. has Equifax, Experian and TransUnion to keep records of financial transactions of Americans, and then use the data to anchor a credit system in America. Besides the citizen identity, what model do we adopt for the application utilities across our sectors?
LinkedIn is my Lab and I am reaching out to the community.
- 1. What three sectors, domains or initiatives do you expect Nigeria to focus within the broad construct of digitalization? The goal here is to improve our capacity to combine and recombine factors of production and serve markets, companies and citizens better as a nation.
- 2. How can Nigeria execute any national digital initiative it commits to within cost and time?
Let us have a conversation.
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When we say Nigeria, public or private? Because the initiators and drivers matter, policies on their own are nothing, until humans breathe life into them.
Can we guarantee high speed reliable connectivity in the cities and suburbs, with fairly good connectivity in the rural areas?
Then we look into digital literacy, it’s still abysmal here, being online doesn’t equate to being digitally literate. When we improve digital literacy substantially, the mistrust and phobias associated with digital transactions and engagements will reduce drastically. Nothing works well, until minds are reformed and liberated.
With these, we can institute a policy of giving digital natives and entrepreneurs some level of ‘free reign’ for now. The focus for now should never be about taxes, fees and stifling regulations, rather we must first aim to create abundance and scale opportunities, subsequently the industry can self-regulate.
No need for plenty talk, we can do basically anything, if there are serious people raring to go.
Nothing is too complicated, as long as the minds are developed; at the moment, that’s not the case.