The Federal Government of Nigeria has launched a comprehensive strategy aimed at spearheading Africa’s digital trade revolution under the African Continental Free Trade Agreement (AfCFTA) framework. The announcement was made by Vice-President Kashim Shettima during his keynote address at a Stakeholders Summit held at the Presidential Villa in Abuja.
Key Elements of the Strategy
Digital Trade Protocol Implementation:
Vice-President Shettima outlined the critical aspects of the roadmap, emphasizing the importance of implementing AfCFTA’s Digital Trade Protocol. This initiative aims to streamline and enhance digital trade across the continent, promoting economic growth and fostering continental unity.
Creation of Technical Talent Hubs:
The strategy includes the establishment of extensive technical talent hubs to cultivate the necessary skills and expertise required to drive the digital economy. These hubs will be instrumental in developing a skilled workforce capable of meeting the demands of the evolving digital landscape.
Focus Areas
Digital Infrastructure Investments:
The roadmap emphasizes enhancing investments in digital infrastructure to support the growing needs of the digital economy. This includes promoting disruptive innovation and entrepreneurship to foster a dynamic and competitive market environment.
Strategic Public-Private Partnerships:
Shettima called for strategic partnerships between the public and private sectors, underscoring their importance for the successful implementation of the AfCFTA’s Digital Trade Protocol. Collaborative efforts are seen as crucial to driving innovation and achieving the objectives of the digital trade revolution.
Nigeria’s strategic roadmap under the AfCFTA framework is poised to drive a digital trade revolution across Africa. By leveraging its position as the continent’s largest ICT hub, enhancing digital infrastructure, and fostering strategic partnerships, Nigeria aims to lead the way in transforming the digital economy, driving economic growth, and promoting continental unity.
This initiative marks a significant step towards realizing the full potential of digital trade in Africa, ensuring that the continent remains competitive in the global digital landscape.
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