In less than 20 years of Larry page and Sergey Brin breakthrough innovation of the Google, were in danger of turning the fictitious global connectivity into a reality; with internet connectivity soaring above global population index and internet accessibility easier than access to good toilet. While much has changed, what are the road blocks to Nigeria’s adoption of digital technology especially with global forecast pegged at 50% of global economy?
With Nigeria’s 63 million internet users representing arguably the greatest market potential within Africa, effective and reliable internet access will not only propel business innovation but also reduce the cost through the use of cloud based applications. Take a look at the Chinese e commerce giant “ Alibaba “ whose network based transaction has further fueled its dominant market share allowing market penetration and placing it at 7th most valuable company globally.
Cisco survey further explains that 89% of Chinese respondent use internet shopping apps on smart phones not less than once on a weekly basis against 40% globally triggering 1.1 million dollars in GDP of Chinese economy
An effective blend of broadband access coupled with effective and reliable internet connectivity will also go a long way in fast tracking business productivity and thereby promote digitalized business behavior which in reality is the bone of future economy.
Digital adoption through education
Ensuring that rising generations have the right skill through the adoption of well-organized technology based curriculum can further advance knowledge pool and promote critical thinking, creativity and digital literacy. Emerging ideas from the 3d modeling to the dizzying pace of artificial intelligence calls for modification of school curriculums in accordance with modern global best practices. Better welfare and financial incentives for foreign based expatiates can be adopted in creating knowledge base of instructors who can further digitalize technological advancement. Especially with digital technology affecting global economy by almost 50%.
Effective electricity supply
A recurring decimal in Nigeria’s economic backwardness has also been poor electricity supply which in recent years has fueled the exodus of large scale firm to neighboring nations with adequate power supply. Going by the much publicized 1580MW of electricity is to go by; developing alternative energy source and decentralization of electricity supply may just be the antidote to Nigeria’s age long head ache. Following the footsteps of nations like America with coal-39%, natural gas-27%, hydro-19% other sources7%.
Another flag ship for effective digital technology integration for business is cyber security and digital safety. The world cyber threat map ranks Nigeria in 16th position of countries with high cyber security risk. This however acts as a chick in the armor of business owner and repels easy adoption of digital banking mechanism which are fast becoming norms. However sanctions on intellectual property theft and cybercrimes through the adoption of individualized online identity password can ease fraud and help track down excess online fraud.
The listed policy imperative is to propel ideas, strategic guidance and innovations which can be adopted if Nigeria hopes to join the global league of digital frontiers.