Irukera: Nigeria’s Prosperity Lies in Digital Economy

James Emejo in Abuja

The Executive Vice-Chairman/Chief Executive, Federal Competition and Consumer Protection Commission, (FCCPC), Mr. Babatunde Irukera, said the government must be intentional in implementing the digital economy framework to catch up with the rest of the world.

Speaking at the 2023 Annual Young Consumers Contest, which was organized by the council to educate the youths about the emerging digital economy, he said digital markets remained the future of Africa, adding that the youths who are also referred to as the future of the country ought to be versed in the emerging digital phenomenon.

While congratulating the schools that emerged victorious in the competition, Irukera insisted that if the future is digital then digital finance literacy was appropriate for the youths.

He said in the knowledge of digital markets lies profitability and urged the government to show more commitment to promoting awareness.

He expressed concern over the level of broadband penetration in the country despite producing six tech unicorns that have made waves around the world.

The FCCPC boss said the government must be intentional and aggressive in driving broadband penetration and ensure the youths are carried along.

He said Nigeria can’t catch up with the rest of the world if it only builds new brick-and-mortar schools, stressing that the way to go was digital.

“The way of instruction is digital, technology,” he said.