We Must Develop Knowledge-based Economy For Viability – Vice President Yemi Osinbajo

Vice President Yemi Osinbajo said for Nigeria to leap economically, she must build a knowledge-based economy such that the human capital can be sold across the globe.

The Vice President who stated this at the sixth Kaduna Investment Summit holding in the state capital on Thursday, noted that rather than natural resources, a well developed human capital remains an invaluable asset the world over.

The theme of the sixth edition of the summit is ‘Towards a Sustainable Knowledge -ased Economy.’

While saying that digital, Information & communication technology were performing wonders and ruling the world, Osinbajo lamented however that the country was yet to take full advantage of its young talents in this regards.

“The focus today must be developing a knowledge based economy. The knowledge based economy referred to stands for human capital development. Education and knowledge can become productive assets to be sold for profit rather than natural resources.

“Digital data, digital solutions to improve agricultural yields, digital platforms to provide online study. It is possible to move from where we are to knowledge economy. Millions of data in terabytes ate stored in chips, 1,000 megawatts of power can be stored in a battery. The future of financial technology is not in banks. Nigeria is becoming technology investment solution hub in sub Sahara Africa,” he said.

Drop your Comment below

%d bloggers like this: