NITDA Emphasize Market Creating Innovations For Economic Prosperity

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The Director-General of the National Information Technology Development Agency, NITDA, Mallam Kashifu Inuwa Abdullahi has stated that to make Nigeria a prosperous nation, it is imperative to adopt market-creating innovations as a paradigm innovation needed for economic prosperity and development rather than focusing on the visible signs of poverty.

The DG made this known at an open 5-day capacity building programme on ‘market-creating Innovation and Advisory Services for civil servants and other IT stakeholders’ recently held in Abuja.

The NITDA boss who expressed his enthusiasm at the theme of the programme stated that developing market creation strategies theoretically and executing them is essential in creating prosperity for the nation.

He further mentioned that the importance of bringing up innovations is to attract a high market value that will have an enormous impact on the economy of the country to meet the expectation of the government.

In his words, “The Government has been investing hugely in the development of the country and the ecosystem needs to spontaneously react to it”.

He disclosed that despite the trillions of dollars worth of resources that have been invested into alleviating poverty, it has not resulted in widespread prosperity.

Noting that influences such as blockchain technology and emerging technologies can be deployed in creating effective market innovations.

The Director-General quoted Clayton Christensen of the Technology and Operations Management Unit at the Harvard University as saying ‘theory is different from practical but the use of theoretical insights can be used in practising whatever people want to do’.

He consequently urged participants to open their minds to the contents of the programme, assuring them of getting knowledge beyond their expectations which can be applied to developing innovative market strategies that can make Nigeria great again.

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