Technological empowerment is key to economic development- M D, Ericsson Nigeria tasks government

The Managing Director of Ericsson Nigeria, Mr. Johan Jemdahl has called on the federal government to empower citizens with technology as a viable pathway towards increasing the Nation’s GDP and as a way of cushioning the effect of recession.

Mr. Johan during an interview with THISDAY made it known that the government needs to speed up plans to empower her citizens with technology, saying a lot of countries that passed through recession in the past were able to conquer it through technology advancement.   

"If you take a look at Nigeria's GDP, you will discover that Information and Communications Technology (ICT) is a major contributor to GDP. There is need for increased mobile banking, financial inclusion, and connectivity. If people are connected with their devices, they will not feel the impact of recession. This is true because connectivity gives access to the internet and there are lots of things Nigerians could do on their own when connected to the internet, without relying on government," Johan said.

“So what government needs do in the time of recession is to empower its citizens technologically and allow the citizens to drive the economy, especially the Small and Medium Enterprises (SMEs),” Johan added.

He explained that technology empowerment is crucial to economic development because it will further ease the business processes of  companies especially SME’s, hence increasing the rate of employment and the scale of manufacturing through which international trade can grow and develop the countries Forex.

"Once Nigeria begins to exchange goods and services with foreign currencies like the dollar, the economy will quickly bounce out of recession. If people are empowered, they become creative on their own and creativity is what is driving developed economies of the world and creativity is exactly what helped most developed countries to go out of recession fast at the time when they witnessed recession," he explained.

He equally advised government to make broadband connectivity available and affordable to Nigerians to improve productivity and creativity in the area of innovation that will in turn promote the country’s economic development.

“Nigeria should begin to move to a more knowledge-based economy and make broadband available and affordable for all its citizens. We need broadband connectivity in this country. Although government is trying to increase broadband penetration in the country, but this has to be done fast because connectivity is key to speedy economic development.

Nigerians are technology savvy people and the sure way out of recession, is to empower the people technologically, because empowerment will lead to better and informed decision making,” Johan said.
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