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FCCPC boss urges youths to embrace digital technology

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The Executive Vice Chairman of the Federal Competition and Consumer Protection Commission(FCCPC), Babatunde Irukera, has urged Nigerian youths to embrace digital technology to help the country’s economy breakthrough.

He also enjoined the youth, who constitute a substantial portion of Nigeria’s population, to key into the digital technology space for its inherent financial gains and economic mileage.

Irukera gave the advice at the seventh edition of the National Young Consumer Contest Awards 2023, themed “Fair Digital Finance” on Wednesday in Abuja.

The event, which is an annual competition, is organised by the commission for secondary schools and tertiary institutions in the country to stimulate and deepen Nigerian youths’ interest in the digital economy.

He said: “You may have heard on many occasions this saying, that future belongs to you, the youth. To the young people, the future belongs to you. Why? You have heard your parents, teachers say it. Whether you know the meaning or not, the future indeed, belongs to you. Digital technology space belongs to you, especially given Nigeria’s population as the largest in Africa.

“There is urgency in keying into the digital economy, especially by youths who constitute the majority of our population. Given the huge population of young people in Africa, it shows that the digital market is the future of Africa. Why is digital finance important? To direct your attention to the future.”

He urged Nigerian youths to imbibe good character, integrity, and values

“It’s important to know that as a country, Nigeria is making serious inroads in the digital space.

“Nigeria is respected in the area of start-up business. We are not yet where we should be but we are making progress. We won’t catch up with the rest of the world by building new schools. The way modern instruction is fitted is digital,” he added.

He explained that Nigeria has become a hub for digital companies, adding that six technology companies with a market capitalisation of $1 billion have been born in Nigeria in the last eight years.

He therefore tasked Nigerian youths to be focused and intentional in embracing digital technology, adding that “the way to the future is digital technology.

He noted: “Nigeria is a country of talents and a country that leads even in the digital space.

“In the space of eight years, Nigeria has six unicorns or technology companies that have a market capitalisation of $1billion.

“It is much more here than anywhere in the continent. Nigeria is respected as a country for technology start-ups in Africa.”

The best three contestants from the contest include Peter Ukweso of Southern British High School, Calabar clinching the first position.

Nasiru Oyiza of Ebira Muslim Community College Kogi came second, while Hassana Abubakar of Esteem Standard High School, Plateau State, came third.

In the category of secondary schools, Southern British High School in Calabar came first place, Ebira Muslim Community College in Okene Kogi State came second, Esteemed Standard High School in Jos, Plateau State came third, Ajebo Junior High School in Epe Lagos State was fourth, Sango Senior School in Kulende, Kwara State was fifth, and Saint Kisinto Catholic College in Ikirun Osun State came sixth.

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