Gross Domestic Products
Tech is the new ‘oil’ – NITDA chief
The Director General of National Information Technology Development Agency (NITDA), Mallam Kashifu Abdullahi, has said that Information and Communication Technology (ICT) is the new ‘oil’, because of its increasing contributions to the nation’s Gross Domestic Products (GDP). The DG who said this while delivering a remark at a virtual conference also said his agency is actively accelerating digital inclusion in Nigeria by taking advantage of the speed of existing infrastructure across the country. “Technology is the way forward in communications and other activities like meetings, prescriptions by doctors, conferences and other related activities which has aid the implementations of policies and strategies for the growth and development of our country. “It is the next oil, simply because of...
Presidency: Nothing wrong with taking more loans
There is nothing wrong in taking more loans to finance specific projects, the Presidency said on Sunday. It urged those criticising efforts in borrowing to develop the country, to desist. Presidential spokesman Femi Adesina said Nigeria has more capacity to accommodate loans. He spoke while featuring on Southwest Political Circuit, a popular political interview programme on Ibadan-based radio station, Fresh F.M. Adesina called from his Aso Rock office to take questions on aspects of COVID-19 management and economic issues. He said that there was no need for Nigerians to raise concern about the country’s rising debt profile because the President Muhammadu Buhari administration is applying loans to the specific projects they are meant for. Although he pointed out that the huge debt, which th...
