Why Nigeria is poor —Osinbajo

Aug 19 2017
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Acting President, Prof. Yemi Osinbajo, has said Nigeria is not as prosperous as it should be because its cities were too analog and disconnected. Osinbajo, who made the assertion at the 2017 Smart Cities Summit Nigeria in Abuja, Tuesday, said Africa currently had the world’s fastest growing cities but remained the least urbanized continent across the globe. He said: “Africa currently has the world’s fastest growing cities. But even so, Africa remains the least urbanized continent. Nigeria is not as prosperous as it should be, because our cities are too analogue and disconnected. “Nigeria is changing rapidly, looking to emerge as one of the world’s great centres of both innovation and opportunity in the generations ahead. “However, we cannot take this trend for granted. The smart cities initiative for Nigeria, according to the ministry will, among others, take a critical look at the preparedness, unique challenges and emerging solutions necessary for a sustainable Smart city initiative for the country. “Though the early steps might be difficult and sometimes discouraging, we believe that there has never been a better opportunity than now to turn the country in the direction of Smart digital Nigeria. “Today, we have the best opportunity in decades for profound transition to Smart world. It is an opportunity in a generation whose time has come with ICT as a tool in achieving this. Thankfully, we have a leadership and a leader that is prepared to challenge the statusquo. Managing Director, Huawi Nigeria, who called for boosting of digital economy in Nigeria, said the company had spent over $6 million to better present the results of its Research and Development investment in Nigeria. He also disclosed that the company had established the Innovation and Experience Centre to boost technology transfer from China to Nigeria, adding that it has become a big player in its 17 years operation in Nigeria, with over 1,200 staff, including 70 percent locals

Source : Vanguard Nigeria

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