Expert Says Investment In Tech Industry Can Boost Nigeria’s Economy

A leading Data Analyst and AI/ML Engineer, Yusuff Giwa has called for increased support and investment in Nigeria’s tech industry to drive economic growth and boost the country’s economy.

He made this known in a press briefing recently, highlighting the need for increased support and investment in Nigeria’s tech industry.

Giwa firmly opines that bolstering the tech sector can significantly enhance the country’s economic prospects.

“The tech industry is a powerful engine for economic development,” Giwa stated. “By fostering innovation and supporting tech startups, we can create jobs, attract foreign investment, and boost productivity across various sectors.”

Giwa points to the necessity of investing in education and training to build a skilled workforce adept in modern technologies.

He advocates for collaboration between the government, educational institutions, and the private sector to create innovation hubs and tech ecosystems.

“Investing in education to build a proficient tech workforce is essential for sustainable economic growth,” Giwa noted.

Promoting entrepreneurship is another crucial strategy identified by Giwa. He asserts that supporting tech startups can drive significant technological advancements.

“Encouraging entrepreneurship and offering the necessary support can lead to groundbreaking technological innovations and stimulate economic growth,” he explained.

Giwa also underscored the potential of mobile technology to improve access to essential services for underserved populations.

“Mobile technology can bridge gaps by providing access to healthcare, education, and financial services, thereby promoting inclusive growth,” he said.

Moreover, Giwa emphasized on the importance of implementing policies that support technological innovation and protect intellectual property.

“A robust legal framework that safeguards intellectual property rights will encourage more innovation and attract investment into the tech sector,” he remarked.

Giwa stressed the necessity of upholding AI ethics and integrity.

He asserts, “Ensuring that AI solutions are developed responsibly, with a commitment to fairness, transparency, and accountability, is crucial for building public trust and fostering sustainable growth.”

As Nigeria seeks to diversify its economy, Giwa’s insights highlight the vital role that a supported and thriving tech industry could play in this transformation.