FG Urged to Appropriate Data Management to Boost Digital Economy

Emma Okonji

Nigeria’s Certified Data Management Professional and Founder/CEO of Berkeley Data Strategists, Adetokunbo Ajibola, has said the digital economy concept requires efficient data management to realise its full potential.

Ajibola, while explaining the concept of the digital economy to stakeholders at a recent event, said the application of data management would play a crucial role in the success of a digital economy.

According to him, to build a robust digital economy, Nigeria needs a strong foundation of digital infrastructure.

“Data management ensures that the necessary hardware and software are in place to support digital services and transactions.

However, effective data management can help bridge the digital divide by ensuring that digital services are accessible to all citizens, regardless of their location or socioeconomic status. This inclusivity is key to maximising the benefits of a digital economy.

“Data management enables the efficient functioning of e-government services, making it easier for citizens to access public services online. This not only improves convenience but also enhances transparency and reduces bureaucratic bottlenecks,” Ajibola said.

He added that in a digital economy, data would be a goldmine for businesses, and that proper data management would allow companies to analyse consumer behavior, market trends, and other relevant information, fostering innovation and informed decision-making.

According to him, as the digital landscape expands, so do cybersecurity threats. Effective data management includes robust security measures to protect sensitive information, safeguarding both individual privacy and national security.

In the area of inancial inclusion, he said data management would be instrumental in developing and maintaining secure digital financial systems. This is particularly important in a country like Nigeria, where promoting financial inclusion can significantly impact economic growth, he said..

In the area of skills development, Ajibola said a digital economy would require a workforce with the necessary skills. Data management plays a role in facilitating education and training programs to equip individuals with the skills needed for the digital era.