‘Leveraging Technology Will Boost Economic Growth’

The Managing Partner, Alliance Law Firm, Mr. Uche Val Obi, has stressed the need for government at all levels as well as the private sector to embrace technology, saying it is vital in enhancing Nigeria’s economy.

Speaking at a media briefing recently, Obi owing to the importance of technology, his firm would be organising an event with the theme: “Leveraging Technology to Develop and Rebrand Nigeria.”

He said: “This public lecture will bring together key stakeholders from across the world to discuss critical tropical themes central to the socio-economic development and industrial growth of Nigeria.

“It is part of the firm’s social responsibility aimed at giving back to the society.

“When every person is captured, information gathering and retrieval become very seamless and with this information we can do a lot of things.

“We can know the unbanked in the segment of the population and the banked segment of the population.

“That helps you plan and resolve financial inclusion and without that you cannot plan the economy. Most of the things you see happening and the information are guessed works.

“In fact, the strength of the Nigerian economy is grossly understated. That is why after all this shock you will see the economy still growing. It is understated because we do not have the indices. There are quite a number of people doing things or oozing things that government never recognised. They are not in the net for economic planning.”

He added: “So, there are a lot of productivity that are not recorded and it is also because we do not have the data. If we do have that you will find out that the size of the Nigerian economy could be several times larger than what it is today. So that it is why it is important that we invest technology.”

The keynote lecture will be delivered by Leo Stan Ekeh, the Founder/Chairman of Zinox Technologies Limited. The event would be chaired by Dr. Ernest Ndukwe, the Chairman of MTN Nigeria Plc.