HomeBusiness & EconomyFG Targets 21% Digital Economy Contribution to GDP

FG Targets 21% Digital Economy Contribution to GDP

The Federal Government has reiterated its commitment to expanding the country’s digital economy, with an ambitious target of increasing its contribution to Nigeria’s Gross Domestic Product (GDP) from over 14% to 21%.

Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, disclosed this during a roundtable meeting with members of the Ogun Tech Community in Abeokuta.

Dr. Tijani highlighted the administration’s strategy to deepen digital inclusion, harness youth talent, and leverage Nigeria’s strengths in technology and innovation to accelerate national growth. According to him, the digital economy remains a vital pillar in the country’s long-term economic development plan.

“The digital economy currently contributes over 14 percent to Nigeria’s GDP, and our target is to grow that to 21 percent. This is achievable through deliberate investments in digital infrastructure, artificial intelligence, and technology-driven innovation,” he said.

The Minister emphasized the role of technology in transforming sectors such as agriculture, health, education, and commerce. He added that the government is investing significantly in ICT infrastructure and digital transformation initiatives aimed at creating jobs and enhancing national productivity.

He also encouraged young Nigerians to take advantage of emerging opportunities in the digital space, noting that the youth population is a key asset in achieving the government’s vision for a knowledge-driven economy.

The Innovation and Startups roundtable held in Ogun State is part of a nationwide tour to engage tech communities, identify challenges, and foster collaboration between the government and private sector stakeholders.

 


Sources: Federal Ministry of Communications, Innovation and Digital Economy, Silverbird Television correspondent reporting from Abeokuta

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