4th Industrial Revolution potentials will be harnessed through Effective Regulatory Framework
An effective Policy and Regulatory framework has been described as a strategic aspect for harnessing the opportunities of the 4th Industrial Revolution, and in addressing the various features of a digital ecosystem.
Executive Vice Chairman, Nigeria Communications Commission (NCC), Prof. Umar Danbatta, at a virtual discourse series, with theme: ‘Powering the Fourth Industrial Revolution in Nigeria’, believes that Nigeria is not lacking in key policy and regulatory frameworks, and instruments to play leading role in powering the 4th Industrial Revolution.
According to him, National digital economy policy and strategy policy (2020-2030), boast of eight (8) pillars designed to, amongst others Enable Nigeria become a leading player in the global digital economy; Provide a catalyst to facilitate the diversification of the economy; and Accelerate the attainment of the key national objectives of improving security, reducing corruption and expanding the economy.
He added that the NCC’s Strategic Management Plan (SMP 2020-2024 or "ASPIRE 2024") consolidated on the vision articulated in the Strategic Vision Plan and 8-Point Agenda. “We have responded to the policy goals highlighted above to harness the immense socio-economic benefits of ICT for national development; to ensure that ICT infrastructure are up to the standard necessary to provide ubiquitous broadband services in Nigeria; and to align the Commission’s regulatory efforts with the aforementioned Policy Instruments, as well as the growth strategies of the International Telecommunications Union (ITU) to ensure Growth, Inclusiveness, and Sustainability.
“These strides will enable the telecommunications sector provide the infrastructure backbone for powering the Fourth Industrial Revolution in Nigeria. We are firmly committed to ensure that Nigerians in Nigeria play a leading role in Artificial Intelligence, Cloud Computing, Internet of Things (IoT), Robotics, Blockchain, Autonomous Vehicle, Drones and other innovative technologies which are now driving growth and national competitiveness.
Conditions for Maximizing 4th Industrial Revolution Potentials?
Prof. Danbatta, represented by Executive Commissioner, stakeholder Management, NCC, Barr. Adeleke Adewolu, emphasized how Nigeria can maximise the full potential of the 4th Industrial Revolution, saying “the need to articulate effective and forward looking instrument to guide emergence into the future digital landscape.
He said, “In ensuring the ubiquitous presence, the seamless operation and the cost-effective availability of communications infrastructure which will power the digital aspirations of all sectors of the Nigerian economy and ensure that national competitiveness is guaranteed; and “Deploy effective regulatory instruments and harness the efforts of all critical Stakeholders so that we can derive the utmost benefits from the 4th Industrial revolution and not be reduced to digital laggards, spectators, or, merely a consumptive class”.