Tinubu Urged To Invest In Tech, Chips Production For Economic Growth

The Chief Executive Officer of Amaltech Technologies, Shehu Tijjani Abdullahi, has urged President Bola Tinubu to invest in semiconductor technology and chips production to develop the nation’s economy.

In an interview with journalists, Abdullahi said it was important to harness the potential of semiconductor technology “to help propel economic diversification and expand the country’s industrial horizons.”

He noted, “President Tinubu needs to prioritize investments in semiconductor technology and chips production to fuel economic diversification, especially given the country’s reliance on oil revenues.

“This will be a crucial stride towards achieving robust economic diversification.”

Tijjani said the semiconductor technology stands as a cornerstone for modern economies, adding that prominent nations have huge investments in the technology.

“Investing in this domain could unlock substantial foreign exchange earnings through localized processing of raw materials and export of semiconductor products.

“This approach, in turn, has the potential to stimulate job creation, elevate local content development, and bolster a more resilient economic environment,” he added.

The first-class graduate of software engineering from Middlesex University decried the untapped potential of Nigerian youths in propelling technological innovation and growth.

He further emphasised the necessity to enhance awareness and also educate the emerging generation about the array of opportunities embedded within semiconductor technology.

He said, “By fostering an environment conducive to nurturing skills and innovation, Nigeria can strategically position itself as a formidable contender on the international semiconductor production stage.”