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Ekiti Summit: States should embrace knowledge economy – Osinbajo


States in Nigeria should embrace a knowledge economy, as technology has no border.

This was the remark of the Vice President, Yemi Osinbajo in his keynote speech during the maiden edition of the Ekiti State Fountain Summit in Ado-Ekiti, on Thursday.

Speaking at the event, which was covered by Nairametrics as the official media partner of the state, the VP explained that the future of every state, especially with the growing population of young men and women, is technology.

What the VP is saying

Osinbajo said, “Ekiti is in the flow of the progress regarding the plan to build technology special economic hub in the state. Clearly, the future of a fast-growing economy is the knowledge economy.

“The natural resources are forced to give way to knowledge economy. Unlike land, science has no border, visa and immigration restrictions. Technology has erased visa, immigration, border and even physical offices. From the age of territory, we are entering the age of science. This is the future of jobs.

“However, for the digital hub to be successful, it must be attractive to digital companies. I understand that the state is already attracting investments via paying of telco cables due to the slash of the fees paid to the state to pay cables. So, we need to train talents in the state to be engaged by incoming investments.”

Governors talk on technology, insecurity, other issues

Nasir El-Rufai, Executive Governor, Kaduna State, who was among the key panelists, agreed with the Vice President that knowledge economy and investment in human capital are key to any state’s economic growth.

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He said, “There is need for investment in technology and human capacity in terms of brushing up the skills in operating computers among other technology skills.”

Speaking about the role of ICT in driving the economy at the subnational level, Governor Godwin Obaseki of Edo State advised that states should use ICT to recast primary education by making the children at that age perceive technology as part of their lives.

Lending his voice to the creation of state police, the Lagos State Governor, Babajide Sanwo-Olu, said, “When you have investments, you would have to protect them and also take responsibility for whatever happens. The investors will rely on the governors for protection and it is sad that we are not in charge. This is the area where the federal government must look into the issue of state police.”

Sanwo-Olu suggested that the state should digitalise its revenue collection process and give staff in the state Internal Revenue Service incentives to do their jobs.

“You must have robust technology and ensure people don’t collect money with hands. Make sure your money is centrally collected. Also, block all loopholes, encourage your staff by giving them a small bonus, so that they can deliver more. Ekiti has the potential to think like a country,” he said.

On his part, Governor El-Rufai described security as a big problem that every Nigerian should be concerned about. Laying the foundation for why the policing system should be decentralised, the Kaduna State Governor said, “We have 150,000 personnel in the Nigerian army; Police was 400,000 by the time this government came on board but has gone down to 300,000 now. We need multi-level police. Policing is local just like a unitary environment like Britain.

“Kaduna State is about 46,000sqkms in size. Boko Haram has been chased from the North-East by ISWAP and now occupying the North-West. But if they are dislodged here, where would they go? This is why we should all be concerned.”

Backing the call for state police, Edo State Governor, Obaseki, said police should be removed from the exclusive list for state chief executives to be in firm control.

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He said, “If you have a business, you have to protect them and you must have the apparatuses. Security is on the exclusive list and we are looking up to the Federal government to remove it for states to take charge. We must provide facilities for the police to be able to train our local vigilante, because in Edo State that was what we did. We raised a vigilante group to police our villages from kidnappers and other criminals.”

Governor Fayemi responds

Governor Kayode Fayemi revealed his administration in the last three years has provided the enabling environment for investors to come to the state, adding that this resulted in over $300 million of investment in the state.

He added that the summit would help in no small measure to improve the economic fortune of the state and that the reports and recommendations would be taken to the State Executive Council meeting towards implementation.

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Akinola Olusegun is a blogger and publisher of this blog, You can also check out his other blogs : (videos & news), (e-commerce), (news) among others. Follow him via any or all of his social media pages to get fresh posts update.

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