Nigeria to Benefit from $ 4.7 Billion Digital Services Export Market | The Guardian Nigeria News


The National Information and Technology Development Agency (NITDA) and the Nigerian Export Promotion Council (NEPC) forged an alliance that could enable Nigeria to benefit from the $ 4.7 trillion in annual exports digital services.

This alliance is aligned with the digital innovation and entrepreneurship pillar of NITDA’s 2021-2024 Strategic Roadmap and Action Plan (SPOR), which was recently launched.

This was revealed during a press briefing organized by former NEPC executive director Segun Awolowo to commemorate the consolidation and partnership between the two organizations.

NITDA Director General Kashifu Inuwa, who was represented at the event by Acting Director of Corporate Planning and Strategy (CPS) Dr Aristote Onumo, said the partnership aims to facilitate the export of digital services, adding that more such partnerships from the public and private sectors would generate synergy, exchange of ideas and sharing of knowledge between them.

He pointed out that the digital innovation and entrepreneurship pillar of SPOR makes it easy for NITDA to collaborate with relevant stakeholders in the export of indigenous services, declaring its rightful place in Nigeria.

Awolowo, during his remarks, said the partnership has provided a grant of around 150 million naira to innovation hubs in three geopolitical zones in Nigeria. He said around 300 million naira in grants to support start-ups that export and have the potential to export services in the Entertainment Tech, FinTech, EduTech and LogisticsTech sectors.

He said, “We are also providing support to carry out advocacy to ensure that the Nigerian Start-up Bill is passed by the end of the year.”

He noted that due to the level of inter-agency collaboration between NITDA and NEPC, they have been able to address all areas of the service export ecosystem, from regulatory challenges to access to services. market and funding, skills gaps and, most importantly, digital infrastructure.

It can be recalled that some of the achievements of the partnership include the Outsource Nigeria Initiative, financial interventions for six start-ups, support for three innovation poles, the establishment of skills acceleration centers and support to advocacy for the Nigerian Start-up Bill.

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