Nigeria’s progressive shift towards digital identities capable of contributing seven per cent in real Gross Domestic Product (GDP) by 2030.
Written by News Room on March 3, 2022
Nigeria’s progressive shift towards digital identities has been estimated as capable of contributing seven per cent in real Gross Domestic Product (GDP) to the economy by 2030.
This is according to a report, titled: ‘Digital ID in Nigeria: State of the Industry’.
The report was co-sponsored by digital identity technology firm, VerifyMe Nigeria, and global consulting firm, Dalberg Advisors, with special focus on the nation’s digital identity and eKYC sector.
Contributors to the report included; Director General, National Identity Management Commission (NIMC), Aliyu Abubakar Aziz, digital identity companies in Nigeria and ancillary stakeholders within the industry.
The 33-page report, which is the first independent assessment of the sector, stated that the digital economy (information technology sector) contributed about 18 per cent of GDP in the second quarter of 2021.