Vice President Yemi Osinbajo has disclosed that the federal government has generated up to $70 billion from Information Technology investments.

Osinbajo while inaugurating the Technology and Creativity of the Nigerian Industrial Promotion and Competitiveness Advisory Council at a the Aso Rock Presidential Villa in Abuja, expressed confidence that technology and creative sectors had come to centrestage in Nigeria’s economy, given their actual and potential contributions to growth, job creation and entrepreneurship.

He said though Nigeria still ranked 134 in the ICT development sector, with the creative sector contributing just over 1.4% to Gross Domestic Product, the contribution of the technology and creative sectors is beyond macroeconomic benefits, but encompasses empowering the young working population and preparing them for the digital future.


Osinbajo explained that the Advisory Group was placed within the Industrial Policy and Competitiveness Advisory Council because the council functions in a very dynamic, inclusive and result-oriented way.

He said the Advisory Group would enable stakeholders to contribute directly to policy formulation, articulation and the design of the technology and creative sectors as well as bring together existing policies and ongoing work at the ministerial level to the presidential level.

http://www.akelicious.net/2018/06/nigeria-generates-70bn-from-it.html

Technology is the advancement of life. ICT rules the world.


We are still lagging behind than Malaysia, Singapore and China we were at the same stage of development together or Nigeria was ahead of some.

Not a kill joy but how do you generate $70bn and still ranked 134th at 1.4% of a gdp less than $500bn..

With all due respect sir, your figures don't add up. Nigerian reserve is still $49bn

With such an inflow, the economy would definitely feel its impact.

if invested more,it would be far more than that

$70billion is about N24trillion...but where did it all go?

Zombie food is ready.

Waiting for the we love suffering and smiling squad to come and hail their grand patron, Osibanjo.

A government that dishes lies non-stop. Joke of a nation.

70 Gini? Abeg mek I hear word

Esseite:
Not a kill joy but how do you generate $70bn and still ranked 134th with 1.4% of a gdp of less than $500bn..

With such an inflow, the economy would feel its impact.

Still lying as usual. This government is filled with incredibly stupid liars esp.the "pastor" VP I tell ya.

This man and dubious figures eh. Dem swear for APC and propaganda ni?

dishonest as usual.

This dwarf can't stop lying again


Always dishhing out fake statistics like a headless chicken

Under which administration?

Not to burst your bubble sir, but this right here is one big lie.

pictures or idontbelivit everytime billion, trillion, biliion, million... chai all this people diarisgod oo

Pastor why you dey lie now....
Ok...
Buhari or 50mb, which one would you prefer¿

veeshock:
$70billion is about N24trillion...but where did it all go?

All in the Buhari household
Believe me

Hmmmmmmm. Let them continue with business as usual

How does it reflect on the lives of Nigerians?
If this assertion is true then the leaking holes in our economy has increased beyond redemption.
Figures and claims don't change or impact on the people, it's the act of people in leadership that matters.
Mr. Vice President sir Nigeria is lacking leadership and focus, you need to channel your energy to creating it.

Lying pastor. We would still borrow lesser amount of money.

Esseite:
Not a kill joy but how do you generate $70bn and still ranked 134th with 1.4% of a gdp of less than $500bn..

With such an inflow, the economy would feel its impact.

This one just reels out bogus figures without thinking. He feels every Nigerian is an idiot. You should know that is the only work he knows how to do. He has taken over from Lie Muhammed.

This pastor again?

Very good thank God for that.......but also tell us how this generated money has impacted on the lives of the common man
Thank you

We need a breakdown so we can understand better

Dis govt wan kill us wit lies..

Sotayy, pastor sef don dey lie.

Liar Mohammed has infected all
the top government ppl with 'liarmania' ...

So where is the said amount and what has it been used for

$70bn for news still we can't feel it in our lives. Evil political party

Where did all that money go? Does he know wat $70b is? Can he wven verify and defend these figures and if so he has alot of explaining to do about how the money was spent

Esseite:
Not a kill joy but how do you generate $70bn and still ranked 134th with 1.4% of a gdp of less than $500bn..

With such an inflow, the economy would feel its impact.

That tells you how our media write their captions. Go through the article again, you will not see anywhere he made such statement.

I pity adeboye
He produced this liar