By using modern technology to revolutionize several facets of their economy, many countries are presently enjoying profound global interests and investments. In Africa, Rwanda and Ethiopia are prominent examples of countries that are substantially investing in digital artifacts to achieve a correspondent value in their natural and human endowments.
The high-speed Internet connectivity that will come from the metro-network cables would be used at homes, schools, healthcare facilities and government’s offices for improved service delivery. The infrastructure would also boost e-commerce activities and empower innovation start-ups. As part of the efforts to further achieve the Smart City agenda of the Sanwo-Olu administration, the Lagos State Residents Registration Agency had started to implement the rollout of multipurpose functional smart Identity cards developed for easy identity validation, payment of utility bills and collection of internally generated revenue, using unique e-wallet services.
The N250 million seed capital earmarked by Mr. Governor to boost technological innovation and initiatives is already yielding good results with the development of local digital solution platforms by tech start-ups. The development has enhanced access for MSMEs to stress-free digital payment platforms, thereby improving the digitisation of the Lagos economy.
Also, ‘Start-up Lagos’ – the largest tech ecosystem in the State – had offered retail and institutional investors opportunities to tap into the vast tech driven initiatives and push their ideas in Africa’s diverse tech market. The government is also supporting digital projects and programmes in the public sector, including ICT Training for content audio-visual creation, restructuring of government’s digital assets to align with global technology and Smart City goals, implementation of State-wide ICT competencies, and planning of Lagos Science, Technology and Innovation expo.
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