Experts task FG on tech policies, legislations
THE Federal Government has been urged to put in place policies and legislations that will encourage in vestments for the development of Nigeria’s tech system.
The Managing Partner of Duale, Ovia and Alex- Adedipe ( DOA), Mr . Adeleke Alex-Adedipe and chairman, ARCA Payments Limited also emphasised the need for the government to develop the country's tech system.
In his opening address at the TMT Business La w Breakfast series 2024 organised by his law firm in Lagos, with the theme: “The Nigerian T ech Ecosystem: Policies, Investments and Global Trade", Alex- Adedipe said that Nigeria’s tech ecosystem is doing great in attracting global investment.
He said: "Investments, policies and trade will determine how well tech thrives in the country. Nigeria’s tech ecosystem is doing well in attracting global investment.
“Nigeria’s founded tech companies raised more than $ 2 billion in 2023 and for these investments to fully catalyse, the country’s tech potential must be married with the right policies.”
Alex- Adedipe said the country needs good investment and policies, adding that last year alone, global investments in startups reached $ 285 billion.
He contended that tech holds the greatest promise in many ways for the country, adding that it is already delivering on that potential.
The keynote speaker, Kyari Abba Bukar reiterated that Nigeria must have policies and regulations that will encourage the inflow of investments in tech.
According to him, to succeed in the task, local investors must first show and demonstrate that they have confidence in the business before foreign investors can emerge.