• Digital Currency by Dr Ngozi Okonjo Iweala
  • Digital economy has come to stay, embrace it – Okonjo-Iweala tells CBN March 16, 2021 Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, has advised Nigeria’s Central Bank, CBN, to embrace digital economy and the opportunities it provides, as according to her digital economy has come to stay. The WTO DG who spoke when she visited the apex bank’s headquarters in Abuja on Tuesday, said digital economy provides particularly the young people the opportunity to move forward. The former minister of finance who was received by the CBN governor, Mr. Godwin Emefiele, said Nigeria has enough resources and opportunities to exit the recession, while encouraging the apex bank to use the opportunities presented by the digital economy as remedy, as opposed to banning. “I think we have what it takes in the country, particularly our young people to do the necessary which is to move forward as to how we are going to create jobs and move this economy in the direction that would support our youths in the future,” she said. “There are opportunities that can be used in improving trade so that our economy can climb out of this pandemic recession that we are in faster than would have been the case. “WTO has what we call trade remedies. Without banning things we can be able to protect our industries against dumping and cheap imports if we use those remedies. We can use those remedies as a tool to help our industries. “Digital Economy has come to stay and people are doing well there. We need to support our young people to make use of the digital economy.” Okonjo-Iweala emphasized that conversations must start in that direction and also the creative industry should not be neglected as it creates more jobs for the youths. The CBN Governor, Godwin Emefiele, according to Channels, in response said the local industry should be given the room to grow as it would create more job opportunities, given the rate of high unemployment He also announced Nigeria is open to business in any part of the world.
  • Share to earn:
  • 22 Mar '21 - 02:02pm
    3 67
  • Comments (24)
  • favour04 on 28 Mar '21 - 07:18am
    thanks for the information
    1
  • blackmoney on 03 Apr '21 - 09:13am
    I think digital economy will provide room for everyone to be successful
    1
  • abello on 23 Mar '21 - 06:17pm
    Nigeria has all the needed resources but there's need to do more in the area of cyber crime
    0
  • kawilz on 25 Mar '21 - 12:34pm
    what a brilliant move
    0
  • kawilz on 25 Mar '21 - 12:34pm
    what a brilliant move
    0
  • kawilz on 25 Mar '21 - 12:34pm
    what a brilliant move
    0
  • kawilz on 25 Mar '21 - 12:34pm
    what a brilliant move
    0
  • skypet on 25 Mar '21 - 10:58pm
    thanks for the update
    0
  • skypet on 25 Mar '21 - 10:58pm
    thanks for the update
    0
  • skypet on 25 Mar '21 - 10:58pm
    thanks for sharing
    0
  • skypet on 25 Mar '21 - 10:58pm
    thanks for sharing
    0
  • skypet on 25 Mar '21 - 10:59pm
    nice one keep it up
    0
  • skypet on 25 Mar '21 - 11:00pm
    that's a wonderful news
    0
  • skypet on 25 Mar '21 - 11:00pm
    Massive update.
    0
  • skypet on 25 Mar '21 - 11:00pm
    keep it up and on going
    0
  • annointing on 29 Mar '21 - 10:10am
    I wish NIGERIAN government will listen
    0
  • skypet on 31 Mar '21 - 12:32am
    thanks for the update
    0
  • akasariki on 31 Mar '21 - 06:22am
    Thanks for the update
    0
  • akasariki on 31 Mar '21 - 06:23am
    Thanks for the update
    0
  • akasariki on 04 Apr '21 - 06:05am
    Thanks for the update
    0
  • Login or Register to comment
  • Others are also reading..