The ex-governor of the Central Bank of Nigeria, Alhaji Muhammad Sanusi, delivered this message during the closing ceremony of the Kaduna Investment Summit, according to Daily Trust.
Only eight of every 100 Nigerians who start primary school complete university.
“Globally, work is being redefined; 30 to 40 per cent of workers in developed economies will need to significantly upgrade their skills by 2030. And what are the major drivers of this redefinition? ICT and remote working, which we have seen even here with COVID-19.
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“There is increased automation and artificial intelligence. Very soon, robot will take over work in most countries and those who would have job are those who operate the robots, manufacture the robots or service the robots.”
Alternative energy sources
“A few months ago, Germany was able to produce enough renewable energy for the entire country’s need. Today, we are having difficulties selling Nigerian oil. So, not only are we having problems producing, even when we produce, the market is not there.
“So, this is forcing a change, and for us a country that depends on oil, things need to change.”
Skill creation for the young people
“Data is one of the most crucial support that can be given to entrepreneurs for innovation,”
While calling on government to encourage market access, he said, “If Kaduna state government continues with its e-government plan, it will be a big market itself and it will encourage investment which are all knowledge economy aspiration and a shift in government spending to match the priority.”