‘Invest in Semiconductors, Chips Production for Economic Diversification’, Shehu Abdullahi Tells Nigerians

 
 
 
Mary Nnah
 
 
The Chief Executive Officer of Amaltech Technologies, Mr Shehu Tijjani Abdullahi, is canvassing significant investments in semiconductor technology and chips production in Nigeria, saying, “This will be a crucial stride towards achieving robust economic diversification.”

Abdullahi emphasised the vital importance of harnessing the potential of semiconductor technology to propel economic growth and expand Nigeria’s industrial horizons.

“Nigeria needs to prioritize investments in semiconductor technology and chips production to fuel economic diversification, especially given the country’s reliance on oil revenues”, he said.

He explained that semiconductor technology stands as a cornerstone for modern economies.

“Investing in this domain could unlock substantial foreign exchange earnings through localized processing of raw materials and export of semiconductor products. This approach, in turn, has the potential to stimulate job creation, elevate local content development, and bolster a more resilient economic environment’, he added.

The first-class graduate of software engineering from Middlesex University highlighted the untapped potential of Nigeria’s youth in propelling technological innovation and growth.

He said, “Recognising the boundless capacities of Nigeria’s youth in steering technological progress, he emphasizes the necessity to enhance awareness and educate the emerging generation about the array of opportunities embedded within semiconductor technology. By fostering an environment conducive to nurturing skills and innovation, Nigeria can strategically position itself as a formidable contender on the international semiconductor production stage.”

His call for Nigeria to invest in semiconductors and chips production resonates as a strategic imperative for achieving economic diversification.

In a rapidly evolving global market, Nigeria has a critical opportunity to embrace technology-driven growth and secure its place in the future of industry and innovation.