NESG, NITDA, Others Seek Coordinated Digital Reforms to Boost Nigeria’s – M

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The Nigerian Economic Summit Group and the Federal Ministry of Budget and Economic Planning have called for sweeping regulatory reforms, expanded digital infrastructure, and aggressive talent development to drive Nigeria’s economic transformation.
The call was issued during a virtual pre-summit dialogue held on 8 September 2026, ahead of the 32nd Nigerian Economic Summit under the theme “Digital Nigeria: The Foundation for Transformation.” The forum convened leaders from government, technology, data security, and entrepreneurship to explore strategies for leveraging digitalisation to boost productivity, spur job creation, and heighten national competitiveness.
Delivering a key address, the Director-General of the National Information Technology Development Agency, Kashifu Inuwa Abdullahi, emphasized that digital transformation must move past simple technology adoption to fundamentally restructure value creation. Abdullahi advocated for national digital self-determination—building and deploying local technologies that enhance economic prosperity and security. He highlighted ongoing initiatives to integrate digital skills into formal school curricula, upskill civil servants, and expand technology talent pipelines, while urging increased investment in local research, platforms, algorithms, and domestic data monetization.
Private sector and regulatory experts also outlined critical pathways to unlock the digital economy. Co-Founder of TradePal AI, Femi Adegolu, pointed to regulatory fragmentation as a major bottleneck for the nation’s 400-plus fintech startups, proposing a harmonized licensing process between the Central Bank of Nigeria and the Securities and Exchange Commission along with tiered capital requirements. Founder and CEO of Digital Jewels Limited, Adedoyin Odunfa, advised enterprises to anchor tech investments in clear business value rather than trend adoption, while CcHUB Africa Managing Director Ojoma Ochai stressed the necessity of a balanced ecosystem offering market access and compliance support. Representing the Nigeria Data Protection Commission, Ibukunoluwa Owa proposed a whole-of-government regulatory sandbox to streamline multi-agency compliance for emerging businesses.
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