President Bola Tinubu has disclosed that his administration is sustaining investments in digital technology to enhance the sustainability of small businesses, expand opportunities across sectors, and propel Nigeria to become the lodestar of information and communications technology in Africa.

Speaking yesterday while playing host to a delegation from Meta Platforms Incorporated, led by former UK Deputy Prime Minister and Meta’s President of Global Affairs, Sir Nick Clegg, at State House, Abuja, Tinubu said Nigeria could not afford to be left behind in this age of technological advancements.

The president said that was why his administration was opening up channels of opportunities in information and communications technology, deepening capacity, and fostering partnerships.

Tinubu also spoke on his administration’s 3MTT programme, which was dedicated to training three million Nigerian youths in digital technology and essential skills before deploying them to innovation hubs across the country. He emphasised that Nigerian youths were the most critical asset in the country’s arsenal as it moved to achieve digital economic expansion.

According to him, “For us in Nigeria, we have a vibrant, gifted and resourceful youth population. Recognising that the future is most likely to be AI-enabled, we have to prepare our youths and make them ready to compete and participate in the global economy.

“I can assure you that Nigeria is open for business. We want to lead the African continent in digital technology. Data is valuable to our development. We are ready to cooperate on technological advancements. It is the only way to go. We need a collaboration that will be a win-win for all.”

Emphasising the importance of technology in driving small businesses, the president said he was committed to ensuring that technology was deployed, adapted, enhanced, and used to catalyse growth across a vast majority of micro businesses, spurring mass prosperity down the line.

He stated, “What interests me is the use of technology in the development of small businesses. We need to make the business environment more conducive for you and more profitable for us as well. I hope we can collaborate and continue to promote our mutual interests.”

Earlier, in his remarks, Clegg thanked Tinubu for an executive order he issued, which enabled the landing of the Meta-backed deep-sea cable in Nigeria.

He said, “It is an extraordinary infrastructure project. When it comes on stream in the first quarter of 2025, it will be twice as much as the capacity of all subsea cables that exist. We buried the cable 50 per cent deeper than any other subsea cables under the seabed. It is more powerful and more extensive in terms of its geographical connectivity. It could yield up to $37 billion worth of increase in economic activity in the next two or three years across the African continent.”

Clegg also said Meta will introduce in June a feature on its Instagram app that will allow Nigerian creators to monetise their content.

“We have a lot to do with Nigeria to deepen partnerships,” he added.

On his part, Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, said Meta platforms were critical platforms in Nigeria, and as such opportunities for partnerships and engagement were essential to promoting development in the digital economy sector.

Tijani said, “We must continue to engage to create opportunities for our people so they can also share in global prosperity. Digital technology is an opportunity to connect Africa to contribute to the development of the world.”