Osibona: Nigeria looks to collaborate with Sweden to advance digital technology

Nigeria is on the cusp of a groundbreaking collaboration with Sweden in the realm of digital technology. Lanre Osibona, the Senior Special Adviser on Information and Communications Technology (ICT) to the Federal Government of Nigeria, highlighted the immense potential for partnership between the two countries. Speaking at the 'Leading Through Change' platform organized by the Swedish Institute, Osibona emphasized the need for mutual collaboration to advance innovation and technology in both nations. The dialogue focused on leveraging the strengths of Sweden as a tech powerhouse and Nigeria's burgeoning tech sector to drive progress and shape the future of digital technology. With Sweden's rich culture of innovation and Nigeria's vibrant tech ecosystem, the stage is set for a transformative partnership that promises mutual benefits and shared success. The key theme that emerged from the discussion was the importance of structured collaboration between the public and private sectors to foster innovation and drive economic growth. Osibona underscored the need for a balanced approach to regulation and policy-making, highlighting the risks of over-regulation stifling innovation. The dialogue also highlighted the significance of mentorship and collaboration within the tech ecosystem to nurture local talent and attract investment. The upcoming digital summit in Abuja is poised to be a catalyst for trade and investment in the tech sector, with a focus on scaling up industries and transforming tech startups into global leaders. The Africa Continental Free Trade Area (AFCFTA) presents a unique opportunity for African countries, including Nigeria, to tap into a burgeoning market and unleash the potential of their tech innovators. The presence of industry giants like Jack Ma at the summit signals a pivotal moment for Nigeria's tech ecosystem, inspiring young entrepreneurs and signaling a bright future for innovation and entrepreneurship in the country. As the digital economy continues to expand, Nigeria is primed to seize the opportunities and carve out a substantial share of the global digital market, driving economic growth and technological advancement.