Stakeholders have said that Nigeria cannot afford to miss out on the eco-digital economy projected to rise from $16.6 trillion in 2023 to approximately $32.9 trillion by 2028.
One of the latest figures by Capgemini states that eco-digital economy value will rise from $16.6 trillion in 2023 to approximately $32.9 trillion by 2028.
As the world grapples with sustainability and technological advancement, a new horizon emerges in the form of the ecodigital economy.
This growing field combines environmental consciousness with digital innovation and is poised to redefine the landscape of business and society.
At the heart of this transition is the realisation that while organisations are increasingly adopting digital solutions, they have only tapped into approximately 25 per cent of their potential.
This untapped reservoir of opportunity could lead to an eco-digital economy worth an estimated $33 trillion by 2028, a staggering increase from current levels.
A recent report by the Capgemini Research Institute, in collaboration with the Digital Value Lab at the Digital Data and Design Institute at Harvard, sheds light on this phenomenon.
The findings reveal that digital technologies have significantly impacted energy consumption by nearly a quarter and slashed greenhouse gas (GHG) emissions by 21 per cent over the past five years.
These figures underscore the pivotal role of digital solutions in driving economic growth and fostering environmental and so – cial responsibility.
Speaking at the 6th edition of Policy Implementation Assisted Forum (PIAFo) held in Lagos recently, the Convener, Omobayo Azeez, urged the the Nigerian tech entrepreneurs to tap the huge opportunities, and position themselves as one of the drivers of the boom.
“Already, there are many figures from different sources, showing us the future of digital economy. Despite the disparities in the figures, they are all indicating upward movements in the valuation of digital economy and the array of values it will create in years to come,” he said.
He noted that Nigeria has set the targets in the policy document, “and now, implementing the policy to achieve them has become imperative in order to be part of an envisaged global digital economy boom.”
“The recent change in the leadership of the country has also brought about the new strategic plan which now represents our collective digital economy aspirations as a people and as an industry that is characterised with fast-pacing changes and transformation.
“Interestingly, the new blueprint does not only sustain existing policy directions and targets, it also challenges us on the possibilities of attaining new frontiers with a view to “accelerating our collective prosperity through technical efficiency.”
“It is believed that the intersection of a strong digital economy and our innovative and youthful population presents Nigeria with a unique opportunity to chart a course towards prosperity, inclusion and global relevance.
“To do that, certain targets have been set to serve as key performance indicators (KPIs) guiding the process as quantifiable measure of performance over time, for the specific objectives. But for these targets to be attained all hands must be on deck.