Digital Economy: Pathway to Eradicating Poverty – Danbatta.

The Executive Vice-Chairman/CEO of the Nigerian Communications Commission Professor Umar Garba Danbatta has said that exploration of opportunities in the Digital Economy space is a sure way to eradicating poverty.

The remarks were made in an address at the 9th Lagos Public Relations Stakeholders’ Conference on Leadership and Poverty Eradication (LaPRSC).

The EVC, represented by Mrs Nnena Ukoha, Head, Corporate Communications, who spoke on the topic, Poverty Eradication in Nigeria: Leveraging Opportunities in a Digital Economy, noted that developing countries bear the brunt of a fast-paced world, as they cannot compete favourably in information and knowledge dissemination due to a lack of infrastructure, resources, and opportunities. The EVC stated that this creates an ever widening lacunae charcterized by a new type of information poverty as well as a digital divide between developed and developing nations.

Speaking further, Professor Danbatta said that Nigeria, as a developing nation falls under this category and at present, has not yet reached its full potential nor has it reaped the full benefits of the ICT revolution due to inadequate telecommunication infrastructure, capacity to maintain existing infrastructure, and policies for equitable public participation as producers and consumers of information and knowledge.

“A nation’s development is measured in economic terms such as per capita income, Gross Domestic Product (GDP), and Gross National Product (GNP), among other indices. Indices such as level of literacy, social development, human capital development, cultural innovation and technological preparedness are not regarded as a measure of development. If we must tap into the ICT revolution, then it is time for a paradigm shift. The traditional economic terms are not a reflection of the new age of the Digital Economy,” he said.

While noting the many initiatives the Federal Government has embarked on in a bid to alleviate poverty through ICT using organizations like the National Information Technology Agency (NITDA), and innovation like the offices of the Nigerian Postal Service (NIPOST) across the country as ICT hubs, the Universal Service Provision Fund (USPF) to ensure that telecommunications services are accessible to the widest number of people (and communities) at affordable prices,

The EVC said that, “NCC will continue to support the vision of the present government to put Nigeria amongst the top twenty in the comity of Nations and to align our developmental goals in keeping with the seventeen United Nations Sustainable Development Goals (SDGs) but particularly the goal to eradicate extreme poverty for all people everywhere which is currently measured as people living on less than $1.25 a day, by year 2030.

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Lagos Future Conference 2025

5th - 6th June, 2025

Oriental Hotel, Oniru, Lagos State

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The Lagos Future Conference 2025 is scheduled to take place on June 14, 2025, at the Oriental Hotel in Lekki, Lagos, with the theme "Future-Forward: Harnessing The Power of Youth, Innovation, and Technology for National Economic Growth". However, another source indicates the conference might be happening on June 5-6, 2025, at the same location. To confirm the exact date, it's best to check the official event details.

Conference Highlights:

- Keynote Speech: Insights from renowned experts in various fields
- Panel Sessions: Discussions on empowering generations, regenerating nature, digital enterprise, and transforming humanity
- Networking: Opportunities to connect with young entrepreneurs, innovators, policymakers, and business leaders
- Pitching Competition: A platform for startups to showcase their ideas
- Welcome Cocktail: A chance to mingle with fellow attendees

Featured Speakers:

- Babajide Sanwo-Olu: Executive Governor of Lagos State
- Hannatu Musa Musawa: Minister of Art, Culture and Creative Economy
- Juliet Ehimuan: Founder of Beyond Limits Africa
- Olatubosun Alake: Lagos State Commissioner for Innovation, Science, and Technology

Registration and Contact:

To participate, register through the official website or contact:
- Phone: +234 8055001878
- Email: events@lagosfutureconference.com.ng or digivationtv@gmail.com 

 

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