The Association of Telecommunication Companies of Nigeria (ATCON) has said there is an indication that the telecommunication sector is losing as high as $2.157 billion annually to capital flight.
To this end, the ministry of Communication and Digital Economy of Nigeria has moved to block the loopholes by developing a policy for promoting indigenous content in the telecom sector.
The minister of Communication and Digital Economy of Nigeria, Dr Isa Ali Pantami disclosed this in Abuja yesterday during the 2020 Engineering week and Annual General Meeting (AGM), organised by the Nigerian Society of Engineers (NSE), Abuja branch, with the theme, “The Future of Work Post COVID-19: The New Normal”.
Pantami stated that the policy became necessary in order to complement similar efforts that focused on the information technology sector.
He harped on the urgent need to promote the development of indigenous content in every sector of the economy, saying that the NSE has a critical role to play as highlighted on Pillar #8- (Indigenous Content Development and Adoption) of the National Digital Economy Policy and Strategy (NDEPS).
Pantami pointed out that Pillar 5 on Digital Services Development and Promotion and Pillar #7 on Digital Society and Emerging Technologies, provided opportunities for the NSE to partner with government, adding its one of the most equipped institutions that would support in the development of engineering skills.
The minister, who was represented by his technical assistant on Information Technology, Dr Femi Adeluyi emphasised that as the country continues its fight against the COVID-19 pandemic, that the ministry is working on the development and implementation of policies that will support Nigeria’s Digital Economy.
He pleaded with NSE to partner with the ministry on the implementation of National Digital Economy Policy and Strategy (NDEPS), as well as the National Broadband Plan.
The minister urged engineers to support the pillars of national growth and digital economy especially on the development of infrastructure, saying that digital economy is the single most important driver of growth in any economy.
In his address, the chairman, NSE Abuja branch, Engr. Chinasa Okolie noted that government cannot continue to lockdown while lives and businesses are shut down due to the COVID-19 pandemic.