Oil price crash: Microsoft lists 7 things FG must do to survive via digital economy
Nigeria, the largest economy in Africa, has depended on its crude oil over the years while paying lip service to economic diversification.
However, the current crash in the global oil price occasioned by the coronavirus pandemic and diplomatic row between Saudi Arabia and Russia, Nigeria does not have any option but to look for other means to survive.
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The oil crash has already forced the federal government to slash the 2020 budget while President Muhammadu Buhari also charged the minister of communications and digital economy and others to develop a policy for the Nigerian economy functioning with COVID-19.
To assist Nigeria in its quest to turn to the digital economy for survival, Microsoft, the American multinational technology company, has listed key recommendations for the Nigerian government.
One of the key recommendations given by the technology giant is leveraging public cloud adoption to maximise benefits of e-governance.
To drive cloud adoption in the country which will lead to the digital transformation of public institutions, Microsoft has laid out seven key recommendations.
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1. Microsoft advised the Nigerian government to increase digital and cloud capabilities of the public service.
This will help sustain a cloud-first policy and other digital transformation initiatives.
The Nigerian government is also advised to amplify communications of its commitment and support of ICT policies within an enabling environment
2. The Nigerian government is also advised to build digital and AI capacity through the creation of Artificial Intelligence (AI) knowledge centres across the country. It is advised to encourage and promote scientific research on the adoption of AI.
3. Microsft also advised the federal government to optimise its data ecosystem through the development of multi-domain open data repositories that will enhance citizen interaction and amplify the country’s emergency response infrastructure.
4. To survive via the digital economy, the Nigerian government is also advised to offer support and make available digital applications in sectors such as education and healthcare. The government also ensure that technology adoption barriers like such as costs are fair to everyone.
5. Microsoft also recommended the implementation of the e-Government Interoperability Framework created by the National Information Technology Development Agency (NITDA) across the public sector.
This, Microsoft said, will provide uniform standards to follow in ICT adoption that will optimise the government’s role in driving sustainable development.
6. The Nigerian government is also advised to adapt the national education curriculum and delivery methods to align with the Fourth Industrial Revolution (4IR) and develop digital and non-digital skills such as critical thinking.
7. To boost the digital economy, Microsoft also advised the Nigerian government to pass data protection laws that are unique to the Nigerian context and aligns with cutting-edge technologies.
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Meanwhile, Legit.ng previously reported that the presidency released a list of measures President Buhari had taken, and will further take, to make life abundant for Nigerians after coronavirus ends.
This was contained in a statement released by the special adviser to the president on media and publicity, Femi Adesina, on Thursday, May 14.
An economic team to be headed by Vice President Yemi Osinbajo and the Ministry of Finance has been put in place by the president to define Nigeria’s economy post-COVID-19.
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Source: Legit.ng
