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Saturday, October 30, 2021

Digital economy growing Nigeria’s GDP better than crude oil: Gov. Sule

The Nasarawa state governor said the digital economy added more to Nigeria’s GDP in 2020 than oil.

• October 29, 2021
Governor of Nasarawa State, Abdullahi Sule
Governor of Nasarawa State, Abdullahi Sule (Photo Credit: @NasrawaGovt)

Governor Abdullahi Sule of Nasarawa says the digital economy now contributes more to Nigeria’s Gross Domestic Product (GDP) than natural resources, including oil.

“Mineral resources are important but today, they are no longer important as they used to be because today the world is gradually going differently and looking at other directions.

“If you look at the economy of Nigeria in 2020, the digital economy has added more to our GDP than even the oil we have.

“The way ICT is going, I know that it is going to overtake most of the other sources of revenue in the state,” the governor said.

Mr Sule said this on Friday, in Lafia, at an event to mark the 2021 Digital Nigeria Day with the theme, “Digital Transformation, a Path to Sustainable Digital Economy”.

The governor expressed optimism that the digital economy would, in the nearest future, become a major source of revenue generation in the country.

(NAN)

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