It is the 21st century and it is time for a digital revolution towards the new economy. Nigeria is far behind the developed world, but technology can help us in catching up, just like it helped China, writes Chidi Alabi
Two drown as flood sacks over 30 Rivers communities
The new economy was a term coined by economists in the late 90s to describe the emerging influence of Information and Communication Technology. It is usually associated with the arrival of the internet, social media, and nanotechnology. Economics has become globalized while access to information has become limitless. The evolution of the new economy has necessitated an adjustment in the way governments and corporate entities do things. In terms of policy for developing economies, it marks a departure from resource-dependency to knowledge and technology-dependency.
In Nigeria, it is 58 years since…
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