Presentation by Roman Oseghale at the ICAN 50th Anniversary, April, 2021.

As the world moves into the 4th Industrial Revolution which is expected to take efficiency to an unprecedented level in history driving down cost per unit and increasing competitive advantage for the advanced industrialized countries, having failed to benefit from the 1st and 2nd Industrial Revolutions, and only partially benefited from the 3rd, Nigeria and Africa are decades behind.

Data is the fuel of the 4th Industrial Revolution, without a comprehensive data base and a data driven economy, Nigeria will not be be able to benefit from the full potentials of the 4IR, advanced competition will continue to outperform the economy and will lead to further increased imports of goods and services unless there are drastic policies that are introduced to curb the situations.

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