Chargé d’Affaires David Greene’s Remarks for the Policy Roundtable with the Minister of Digital Economy and the American Business Council (ABC)
I welcome you all to the first of this policy roundtable series in Abuja, featuring the Honorable Minister of Communications, Innovation, and Digital Economy Dr. Bosun Tijani and members of the American Business Council (ABC). The U.S. Mission thanks the Honorable Minister, Dr. Tijani, for being with us today to discuss pertinent issues that affect U.S. tech companies operating in Nigeria.
Within just about half a decade the domestic tech industry has witnessed immense expansion and has become one of Nigeria’s leading sectors, in terms of its contribution to Gross Domestic Product and employment of thousands of local professionals. Furthermore, Nigeria remains a major point of attraction for tech investments flowing into Africa; a reality most likely enabled by recent regulatory frameworks implemented by the Nigerian government.
Despite these numerous successes achieved by the local tech sector, there is more work to be done to further grow the industry. The Tinubu administration appears keen on using tech to generate more jobs for Nigeria’s teeming youth population, and the United States being a global leader in this sector continues to be ready to support such a vision. However, to grow the sector policies and regulatory frameworks that enable sustainable operations of U.S. companies in Nigeria are required.
In closing, I will echo the words of the chairman of the board of the United Bank for Africa (UBA) and a philanthropist touching many lives across the continent, Tony Elumelu, when he remarked: “African youth need technological opportunities. They need hope. They need tech for good, and they want tech for all.” I look forward to our conversation. Thank you.