In a rapidly evolving global landscape, Nigeria stands at a crossroads where technological and industrial growth is not just an option but a necessity.
Experts emphasised the critical need for the nation to invest in and prioritise advancements in technology and industry to secure a prosperous future.
Industry analysts and stakeholders stated the need for Nigeria to strive for the growth of its technology and industry.
According to them, technological enhancement will greatly boost industrial growth in the country. Speaking, the Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), Khalil Halilu, emphasised the importance of collaborative efforts in driving technological innovation and industrial growth in Nigeria.
He said this while reacting to the ‘Royal African Young Leadership Award’ recently presented to him by the Ooni of Ife, His Imperial Majesty Ooni Adeyeye Babatunde Enitan Ogunwusi, Ojaja II.
Halilu reiterated the need for the country to build its modern technologies and globally competitive industrial goods, pledging his commitment to continuing the work that NASENI is doing to advance the country’s technological infrastructure and enhance its global competitiveness.
The Chief Executive Officer, Cowry Assets, Johnson Chukwu, noted that Nigerian technology would be developed if the startups are well supported.
According to him, Nigeria has made significant strides in various sectors, yet the pace of technological adoption and innovation remains a key area for improvement.
“With a burgeoning youth population and a growing digital economy, the country has the potential to become a technological powerhouse in Africa.
However, this requires concerted efforts in education, infrastructure, and policy reform. “Investing in science, technology, engineering, and mathematics (STEM) education is essential to equip the younger generation with the skills needed for a digital future.
Moreover, fostering a conducive environment for startups and tech companies through favorable policies and access to funding can spur innovation and drive economic growth.
“Nigeria’s industrial sector, though diverse, faces challenges such as inadequate infrastructure, inconsistent power supply, and limited access to financing.
Addressing these issues is vital to enhance industrial productivity and competitiveness on a global scale,” he stated.
The President of the Association of Telecommunications, Information Technology Cable Satellite and Allied Services Employers of Nigeria (ATICEN), Comrade Adede JohnWilliams, said the government must focus on creating a robust industrial policy that encourages local manufacturing, reduces dependency on imports, and boosts exports.
He said: “Infrastructure development, particularly in transportation and energy, is crucial to support industrial activities and ensure efficient supply chain management.
“Collaboration between the public and private sectors can accelerate technological and industrial growth. Publicprivate partnerships (PPPs) can leverage the strengths of both sectors, facilitating largescale projects that drive development.
Such collaborations can enhance infrastructure, promote research and development, and improve access to capital for businesses. “For Nigeria to achieve sustainable development, it must prioritise technological and industrial growth.
This requires a multi-faceted approach, including investment in education, infrastructure development, and supportive policies.
By harnessing the potential of its youth and fostering an environment conducive to innovation and industrialisation, Nigeria can secure a prosperous future and position itself as a leader in Africa and beyond.”