Digital Economy Policy: ACCI signs MoU, seeks private sector’s integration


By Emmanuella Anokam

The Abuja Chamber of Commerce and Industry (ACCI) called on the federal government to effectively integrate the private sector in the formulation and implementation of digital economy policy.

ACCI President Dr Abubakar Al-Mujtaba made the appeal Thursday in Abuja when signing a memorandum of understanding with Continental Project Affairs Associates Ltd. (CPAA) on the digital economy and ICT policy.

Collaboration with CPPA, a key player in the ICT space, would strengthen the drive to create an all-inclusive digital economy policy platform for Nigeria.

Al-Mujtaba, however, said the government’s efforts would only produce the desired effect if the private sector was effectively included in the development and implementation of digital economy policy.

According to the head of ACCI, around the world, the private sector is being put in the driver’s seat to accelerate the innovations and profitable operations of the ever-expanding sector.

He said designing a digital economy policy without a strong contribution from the private sector would be a big mistake.

“To effectively develop the sector, engagement with the private sector is essential; the policies resulting from such consultation will integrate the aspirations of operators and help regulators to emerge as facilitators.

“This is why ACCI, as the governing chamber in Nigeria, decides to institute a ‘Digital Economy Series’ which will regularly dwell on ICT policy issues and produce political inputs.

“The MoU aims to further realize the dream of a series of manly ICT policies,” he said.

Al-Mujtaba, while commending the government for various initiatives introduced, added that the contribution of ICT to gross domestic product (GDP) is increasing every quarter as the potential of the sector as a job creator is well documented.

“With a struggling oil sector and a global fight against fossil fuels, the digital economy is key, especially for a country with a demographics dominated by young people,” he said.

In response, Amb. Segun Olugbile, CAPP chief executive, noted in a remark that the MoU would galvanize the private sector through ACCI to work with government to harness the digital policy opportunity.

According to him, there are currently policy innovations, strategic directions and initiatives and there are opportunities that the business community will exploit.

“The idea will enable policy dialogue between business and government, bridge the gap, harness business initiatives and enable necessary private sector investment and job creation.”

“There are a lot of companies coming into the ICT environment; in the long term, it will strengthen and stimulate businesses, bridge the disconnect between local SMEs and the digital world, ”he said.

Olugbile added that it would offer digital SMEs aiming to transform businesses through the use of ICT, a policy dialogue with the private sector and a business-led economy event on innovation and local content.

Previously, Mr. Olawale Rasheed, Executive Director of the ACCI Policy Advocacy Center (PAC), said the center has adopted a unique strategy of harnessing the technical and intellectual know-how of industry professionals for policy advocacy and policy advocacy. associated activities.

Rasheed noted that apart from digital economy politics, he aligned himself for the approval of several political agendas and jointly coordinated political agendas with business groups, hence his new partnership with the business group. ICT.

ACCI Vice President, TIC Osi Imomoh, who also welcomed the MoU, said it would energize the chamber, empower members and increase growth in the ICT sector. (NAA)