Digital economy critical in building resilience against risk, disruptions – LCCI | The Guardian Nigeria News - Nigeria and World News

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Nigeria’s digital economy has continued to play a very critical role in building resilience against disruptions from risks, pandemics, and natural disasters.

Dr. Olawale Cole, the President, Lagos Chamber of Commerce and Industries , said this at the eight edition of the yearly Information Communication Technology and Telecommunication EXPO on Wednesday in Lagos.The News Agency of Nigeria reports that the EXPO was organised by the Trade Promotion Board of the Lagos Chamber of Commerce and Industries.

The president said that by means of innovation, the ICT sector or the digital economy powers many sectors today, driving competitiveness, cost-efficiency, and resilience in supply chains. “And we are ready to lend necessary support to the actualisation of the goals set out by the government to build and sustain a robust and supportive digital economy.

He said that the digital economy was considered the single most important driver of innovation, competitiveness, and growth. “And just last week, the Federal Government inaugurated the National Council on Infrastructure, with a plan of doubling Nigeria’s infrastructure stock of the Gross Domestic Product from the prevailing 35 per cent to about 70 per cent,” Cole said.

 

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