Nigeria Leads Digital Transformation for a Stronger Economy 

Technology in Nigeria has steadily accelerated progress, driving efforts to lift the country’s digital economy and support the current generation as it takes a leading role in the country’s transformation. 

Many nations, including Nigeria, recognize that presenting the new generation with enough sources, knowledge, and skills is foundational for driving innovation as a main block in building the growth in the digital economy. In this case the equipment of knowledge, sources, and skills are being implanted to grow the digital economy in Nigeria.  

The Federal Ministry of Communications, Innovation & Digital Economy is addressing complex technological development in Nigeria and its needs to bolster productivity in the country’s tech sector. This has set an objective to raise the level of productivity of technology in Nigeria today and this also includes the Fintech sector that has seen a boom in the past years after the economy crash.  

Nigeria Digital Economy  

With various events that led to the growth of the in technology and other innovations in the Fourth Industrial Revolution, it became clear that that the demand of technology outweighs the supply in talent, and this is one of the challenges of digital economy in Nigeria. 

With 70% of Nigeria’s population under the age of 35, the country’s youthful demographic shaping the growth of technology in Nigeria. In response to the global shortage of technical talent, Nigeria launched the 3MTT program to train three million tech professionals by 2027 to meet the growing demand. 

The 3MTT program in Nigeria will bridge the gap in the country’s digital skills, with 12 key technical areas, software development, machine learning, user interface/user experience (UI/UX) design, and data analysis, to birth a skilled workforce that drives digital innovation both locally and globally.  

The designed three-phase development model which receives the order of 1%-10%-100% approach by scaling its impact. By the end of the first phase, which ran from December 2023 to March 2024, a total of 30,000 technical talents were trained, targeting 1% of the total number.  

Bringing the cumulative to 270,000 talents onboarded during the second phase, launched in February 2024, and brings closer to the ambitious targets put forward by the initiative.  

The benefits of digital economy in Nigeria is quite hefty considering the 3MTT program ensures inclusiveness, as people from all over the country come to be part of the wide participation in the nation’s rapidly growing digital economy. Solid interest-1.7 million applicants, with over 1,400 organizations lined up to support the effort-points out demand for digital education.  

With these, technology in Nigeria is bound to contribute immensely to the world’s digital workforce, which therefore guarantees the nation a bright future in the development of technology in Nigeria. 

Technology in Nigeria is showing to excel which would reflect positively on the Nigerian economy as whole. 

Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Tech sections to stay informed and up-to-date with our daily articles