•An expert suggests that Nigeria should take lessons in digital inclusion from foreign nations like Switzerland and Singapore.
Timi Olagunju, the policy analyst, emphasizes the need for attracting private sector investments in digital infrastructure to enhance Nigeria's digital economy potential.
To achieve this, Olagunju recommends that the Ministry of Communication, Innovation, and Digital Economy should shift from broad objectives to specific, achievable policies.
He also highlights the essential roles of agencies like the National Information Technology Development Agency, Nigerian Communications Commission, and Nigerian Communications Satellite Limited in attracting private sector investments.
Moreover, he suggests collaboration with entities such as the Nigerian Exchange Ltd, Bank of Industry, Central Bank of Nigeria, and investors' groups to help startups secure local capital.
Olagunju emphasizes the importance of learning from success stories in countries like Israel, Switzerland, South Korea, Singapore, and Mauritius to guide Nigeria's efforts in improving its digital infrastructure and economic complexity. Overall, he sees great promise in the ministry's strategic plan for Nigeria's digital future.