Nigeria's Development Challenges in a Digitalized Global Economy

Abstract

The paper assesses Nigeria�s digital opportunity index in a digitalized global economy. Given the rising knowledge intensity that permeates every aspect of life, Nigeria is inevitably drawn into the digital global economy indexed by information and communication technology. The paper argues rather succinctly that, the Digital Opportunity Index score reveals a bleak cloud over Nigeria in comparative terms. This degrading status, it earns due to the challenges of corruption in governance, inadequate energy and power supply, widespread insecurity, poverty and high illiteracy level. In other to overcome these challenges, the paper recommends among others sound anticorruption policy, transparent governance, revamping the infrastructural base for information and communication technology, adequate and steady energy and power supply viable security measures and making information and communication facilities and services easily affordable and accessible to the common man. It is only through effective implementation of the recommendations that Nigeria can lead or at least secure a seat among the comity of nations in the digitalized global economy.