Thursday, November 7, 2024
29.5 C
Lagos

Buhari Renames Comms Ministry to Ministry of Comms & Digital Economy

The President of the Federal Republic of Nigeria Muhammadu Buhari has granted the prayers of the Honourable Minister of Communications, Dr Isa Ali Ibrahim Pantami to properly position and empower the Ministry to fulfill his Digital Economy objectives.

The Ministry which supervises the ICT Sector has been renamed The Federal Ministry of Communications and Digital Economy to further expand its mandate to capture the goals of digitalization of the Nigerian economy in line with the Economic Growth and Recovery Plan (EGRP), one of the key agenda of the present administration.

A statement from the Ministry signed by the Deputy Director, Press and Public Relations, Philomena Oshodin, quotes the Honourable Minister as saying that the former name was not only limiting in pursuing the objectives of a digital economy, but obsolete as it did not reflect the trends as emphasized by the International Telecommunications Union (ITU).

ICT contribution to the country’s Gross Domestic Product (GDP) stood at 13.85% in the second quarter of 2019. The change of nomenclature will propel the Ministry to reposition its strategic objectives as laid out in the priority areas of this administration while accelerating growth and social inclusion.

Dr Pantami cited examples of global and African economies like Scotland, Thailand, Tunisia, Benin Republic and Burkina Faso among others who have adopted deliberate strategies and created Ministries of Digital Economy in line with global best practice, and especially the European Union which has a Commissioner for Digital Economy.

In a letter containing his approval, the President noted that the request is in line with global best practice which will further reflect the priorities of his administration. The approved name has been announced and adopted by the Federal Executive Council on 23rd October, 2019.

spot_img
spot_img
spot_img

Hot this week

Continental Re Seeks Entries for 10th Pan African Re/Insurance Journalism Awards 2025

Continental Reinsurance Plc, a leading Pan-African reinsurer, is proud...

Cloud Energy Unveils 200 Watts Street Light Bulbs, Rooftop Panel Campaign

Nigeria’s foremost indigenous Renewable Energy Company, decorated by industry...

Awele Elumelu Seeks Increased Female Leadership in Insurance Sector

L-R: Lady Margaret Moore, President, Africa Insurance Women Association...

NCDMB ES, Lagos Gov Commission Bell Oil and Gas’ Pipe Threading, Valve Assembly Plant

A multi-million-dollar pipe threading and valve assembly facility built...

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Polaris Bank's commitment to digital innovation and excellence has...

Topics

N5tr Debt Recovery a Challenge to All Nigerians – AMCON

Managing Director and Chief Executive Officer, Asset Management Corporation...

Ecobank Nigeria Holds 2nd Virtual Graduation Ceremony for Batch 8 Trainees

For the second time in two months, Ecobank Nigeria has...

Ecobank Partners CFA Institute on Training, Research

The Chief Executive and President Chartered Financial Analyst (CFA)...

Sterling Bank Again Wins Overall Best Workplace in Nigeria Award

  Sterling Bank Limited has again emerged as the 2022...

‘COVID-19 Will Compromise Transition to Clean Energy’-WEF Report

    The coronavirus pandemic risks cancelling out recent progress in...

Société Générale Bank in Partnership with Rugby Africa

Société Générale and Rugby Africa have agreed to join...

Union Bank Unveils Future-Forward Innovative Co-Creation Hub, SpaceNXT

Leading financial institution, Union Bank of Nigeria Plc has...

Absa Highlights Fresh Opportunities, Growth Potential in Telecoms Sector 

Sadiq Abu Absa CEO   Absa, a leading pan-African bank with a...
spot_img

Related Articles

Popular Categories

spot_imgspot_img