Technology

NITDA: Market-creating innovation, major driver of economic development

Director-general of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has said that to make Nigeria a prosperous nation, it is imperative to adopt market-creating innovations as a paradigm innovation needed for economic prosperity and development.

Abdullahi made this known recently when he declared open a 5-day capacity building programme on market-creating innovation and advisory services for civil servants and other IT stakeholders in Abuja, a statement issued by the spokesperson of NITDA, Hadiza Umar, said.

The NITDA boss, who expressed his enthusiasm about the theme of the programme, stated that developing market-creating strategies theoretically and executing them is essential in creating prosperity for the nation.

Abdullahi stressed the importance of bringing up new innovations to attract a high market value that will have an enormous impact on the economy of the country so as to meet the expectations of the government.

“The government has been investing hugely in the development of the country and the ecosystem needs to spontaneously react to it”, he noted.

He disclosed that despite the trillions of dollars worth of resources that have been invested into alleviating poverty, it has not resulted in widespread prosperity. He further stated that blockchain technology and emerging technologies can be deployed in creating effective market innovations.

The director-general quoted Clayton Christensen of the Technology and Operations Management Unit in Harvard University as saying ‘theory is different from practical but the use of theoretical insights can be used in practising whatever people want to do’.

He then urged participants to open their minds to the contents of the programme and assured them of getting knowledge beyond their expectations, which can be applied to developing innovative market strategies that can make Nigeria great again.

Get more stories like this on Twitter and Telegram

Recommended Stories