Telecom creates 500k jobs in both formal and informal sectors
By Jeph Ajobaju, Chief Copy Editor
Telecom has created 500,000 formal and informal sector jobs and contributed $70 billion to Gross Domestic Product (GDP) to improve the lives of millions of citizens, and is set for greater heights with 5G, ecommerce, fintech, and nig data.
Nigerian Communications Commission (NCC) Executive Vice Chairman Umar Danbatta, who made the disclosures, said the impact of technology on any society is tremendous.
He was speaking on “Using Technology to grow Nigeria’s GDP” at a Cyberchain even in Abuja, represented by Digital Economy Principal Manager Ella Eli.
“Nigeria’s adoption of digital technologies has enabled it to diversify its revenue and economy, created jobs, improved services and efficiency, reduced wastages, and optimised resources available,” he said.
“Telecommunications has contributed over $70 billion to the Nigerian economy, provided over 500,000 jobs in the formal and informal sectors, and improved the lives of millions of Nigerians.
“Most Nigerians today cannot comprehend life without mobile phones.
“Presently, the liberalised telecommunications sector has brought with it, instant messaging, instant information, financial inclusion, telemedicine, smart farming, e-Commerce and virtual learning, however, the best is yet to come.
“The benefits of technology are endless and with technology becoming affordable, accessible, and available, these benefits will increase tremendously.”
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Moving in the right direction
CyberChain Convener Jude Ozinegbe said Nigeria is moving in the right direction towards embracing tech ecosystem gains.
“We are moving from analogue to digital, some people seem to have been left behind, that is why we have decided to gather leaders in the space to educate us.
“We have leaders in this space that have seen the possibility and opportunity in this ecosystem,” he stressed, according to the News Agency of Nigeria (NAN), per Vanguard.
“This is my contribution to expanding the digital economy in Nigeria. As much as you can, contribute something positive about the space to amplify the good tidings within the ecosystem.
“With proper knowledge of blockchain, Nigerian youths can earn income by using their cell phones and data.”
Crystocurrency Investigator Adedeji Owonibi of A and D Forensic urged youths to embrace blockchain technology.
He stressed a better dimension has been added to blockchain and digital technologies in Nigeria with the participation of the government.
“If you are a criminal within the blockchain space, you could do anything in Nigeria, however with our coming and government involvement, we all have a part to play in bringing sanity to the sector.”
In his view, decentralisation is a blessing for the “good guys” in blockchain but a bad thing for those using it criminally.
“If you have any business in blockchain make sure you are compliant with rules and be crypto security conscious.”
 Executive Vice Chairman Umar Danbatta, who made the disclosures, said ...){kind=link}