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Nigeria works to develop digital economy: minister

Xinhua, April 26, 2017 Adjust font size:

The Nigerian government has realized the potential of its digital economy and aims to develop it over the next 10 years, Minister of Industry, Trade and Investment Okechukwu Enelamah said on Wednesday.

In a statement, the Nigerian official said the financial services within the country's digital economy would add 88 billion U.S. dollars to the gross domestic product (GDP) and create more than 3 million jobs within 10 years.

"Further studies indicate that potential gains of the digital economy will be manifest in digital accounts, payments, mobile money, health and educational services and other sectors of the economy," the official said.

According to him, the government is about to launch the "Smart Nigeria Digital Economy Project", the west African country's response to an area of intense economic and technological activity by Nigerian youths, where there is a growing pool of talent.

With this national project, the government aimed to solve efficiency problems and create leapfrog opportunities in the economy, Enelamah added. Endit