NITDA urges ICT start-ups to mitigate COVID-19 impact

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Director-General of the National Information Technology Development Agency, Kashifu Abdullahi, has urged Nigerian start-ups to come up with more innovative ideas to mitigate the impact of the Covid-19

pandemic on the economy.

The NITDA boss stressed that coronavirus pandemic would affect technological and economic activities in the world.Noting that COVID-19 had already made a significant impact on the digital technology, Abdullahi said there was a need for Nigerian start-ups to be on the alert for more changes.“The world economic order is going to change; a lot of industries are going to be disrupted.

“It involves three simple rules. Firstly, they begin with a plan to disrupt an existing industry. Secondly, they inject capital to grow as rapidly as possible and thirdly, they tolerate high risk in a rush to conquer and dominate market segment.“In addition, our market is still untapped. There are 615 unicorns in the world; 43 per cent is in the US; 33 per cent are in China while only three are in Africa – two in South Africa and one in Nigeria.

 

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