MSMEs will contribute $53bn to Nigeria’s economy if digitized – DG NITDA

As SMEs make up a huge percentage of businesses and economic growth, the Director General, National Information Technology Development Agency (NITDA) Kashifu Inuwa CCIE, FNCS has said that digitisation of MSMEs will increase revenue by 26 percent as well as reduce operating cost by 22 percent, and contribute 53b USD to the Nigerian economy.

Inuwa stated this while delivering an opening remark at TechMyBiz Pitch-A-Thon event in Lagos held at the Digital Transformation Center Nigeria (DTC Nigeria), which was jointly funded by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development.