Saturday, 20th April 2024
To guardian.ng
Search

NITDA lists skills shortage, early stage funding as limitations to digitalisation

By Ngozi Egenuka
01 March 2023   |   3:00 am
The Director-General/Chief Executive Officer, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has listed limited infrastructure, skill shortage, limited market access and early-stage funding as challenges facing the growth of digitalisation in the nation.

The Director-General/Chief Executive Officer, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has listed limited infrastructure, skill shortage, limited market access and early-stage funding as challenges facing the growth of digitalisation in the nation.

   
He stated that Nigeria, which is a hub of innovation activities and a major player in Africa, can leverage its large and growing market, access to talent, entrepreneurial culture, supportive government policies and access to talent to grow the economy and promote digitalisation.
  
This was disclosed at the 2023 NITDA/FIRS Stakeholder Engagement Forum, in Lagos.
   
He said NITDA aims to position Nigeria to become the global talent factory, thereby solving the global shortage.
   
Abdullahi explained that there is a need for four million developers globally and Nigeria can provide half of that number.
  
“If we can provide the two million developers needed in the world to the global value chain, Nigeria would earn $40 billion per annum, which is more than the remittance of oil and gas, which can in turn solve our forex challenge,” he said.
 
  
According to him, Nigeria has an estimated 3,360 start ups operating in the country as of December 2022. Nigeria is also home to five out of the seven unicorn start-ups in Africa, which was made possible through the various initiatives and policies in place.

Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, represented by Group Lead, General Tax Operations Group, FIRS, Abba Kabiru, said that they have leveraged on the amended Section 25 of the Finance Act 2020 to deploy technology for taxpayers’ compliance and reduce the cost of compliance on the part of the taxpayers.
  
He stated that the FIRS also created the Intelligence and Strategic Data Mining Department (ISDMD), which has helped in ensuring the body has access to more data on existing and non-complying entities and individuals.
 
“These categories of taxpayers which had previously been under the radar have been brought into the tax net and made to comply with their tax obligations, which has translated into improved revenue collection,” Kabiru said.
   
He said that it is imperative for institutions such as the FIRS and NITDA, to undertake activities such as these interactive sessions, which seek to engage stakeholders and report back to them on how taxpayers’ monies have been expended.

 
   
 
  
 

0 Comments