Business

Why states, LGs must formulate digital economy policies – LCCI  

The Lagos Chamber of Commerce and Industry (LCCI) has said that it has now become expedient for governments at all levels in Nigeria to formulate policies targeted at boosting the digital economy.   


LCCI President, Dr. Michael Olawale-Cole, who stated this at the ninth edition of the chamber’s Information Communication Technology and Telecommunication (ICTEL) Expo on Tuesday in Lagos, said this would help to create a vibrant innovation ecosystem that supports the deployment of more technology and the creation of more jobs in the technology sector.  


While the federal government is currently pushing the digital economy agenda through the Ministry of Communications and Digital Economy, Olawale-Cole said having sound regulations and policies on the digital economy across states and local governments would create new possibilities and economic opportunities for businesses and investors.