President Muhammadu Buhari has renamed the Ministry of Communications following the request by the brand new Minister, Dr Isa Ali Pantami.
It will now be generally known as the Ministry of Communications and Digital Economy.
” The Ministry which supervises the ICT Sector has been renamed The Federal Ministry of Communications and Digital Economy to additional broaden its mandate to seize the objectives of digitalisation of the Nigerian financial system in keeping with the Economic Growth and Recovery Plan (EGRP), one of many key agenda of the current administration,” the Government introduced on Wednesday night time in an announcement.
The assertion signed by the Deputy Director of Press within the Ministry, Mrs Philomena Oshodin, quoted the Minister as saying that the previous identify was not solely limiting in pursuing the targets of a digital financial system, however out of date because it didn’t replicate the the tendencies as emphasised by the International Telecommunications Union (ITU).
She stated: ” ICT contribution to the nation’s Gross Domestic Product (GDP) stood at 13.85% within the second quarter of 2019. The change of nomenclature will propel the Ministry to reposition its strategic targets as specified by the precedence areas of this administration whereas accelerating development and social inclusion”.
“Dr Pantami cited examples of world and African economies like Scotland, Thailand, Tunisia, Benin Republic and Burkina Faso amongst others who’ve adopted deliberate methods and created Ministries of Digital Economy in keeping with international greatest observe, and particularly the European Union which has a commissioner for Digital Economy.
“In a letter containing his approval, the President noted that the request is in line with global best practice which will further reflect the priorities of his administration. The approved name has been announced and adopted by the Federal Executive Council today, 23rd October 2019.”