‘Africa must invest in technology-driven economy’

A former acting Rector of The Polytechnic, Ibadan and Dean, Faculty of Business and Communication Studies (FBCS) of the institution, Mr Femi Ipade

University Of Jos Moves To Permanent Site After 44 Years
Six million admission seekers shut out of varsities –NUC
Boko Haram releases abducted Dapchi girls

Femi Ipadeola

A former acting Rector of The Polytechnic, Ibadan and Dean, Faculty of Business and Communication Studies (FBCS) of the institution, Mr Femi Ipadeola, has said Africa’s economy needs to be sustainably driven by technology, and not by “cosmetic” economic activities.

Ipadeola said technology has always been the engine of economic growth of the western world, which Africa has not maximally harnessed.

The ace broadcaster stated this during a strategic meeting with the Publicity Sub-committee of the Local Organising Committee (LOC) in preparation for the FBCS 2019 International Conference held at the Conference Centre of The Polytechnic, Ibadan.

While discussing the place of technology in Africa, he said, “Technology has always been the engine of economic growth of the western world, which Africa has not maximally harnessed. Most importantly, it is the technology that enhances productivity, the key driver of per-capita growth, which results in better living standards.”

He further submitted: “Before the industrial revolution, economic growth was noticeably discouraging because there was no technology.

“This is why technology-driven productivity in the industrial revolution has somewhat boosted economic growth in Africa though the rate at which technology is used in achieving this is nothing to be compared with the great achievements the western world has recorded.

“Concisely, the African continent needs to harness the numerous opportunities inherent in the use of Technology to drive different sectors of the economy.”

He added: “As scholars, we are trying our best with a view to ensuring that we embark on purposeful researches, not forgetting to breed graduates who will be able to drive the continent’s economy with technology, which is why Faculty of Business and Communication Studies, The Polytechnic, Ibadan has organised an International Conference on Technology, Security and Socio-Economic Development in Africa,” he further asserted.

He, therefore, promised that selected scholarly papers from the conference would be published in POLYCOM Journal, a Faculty of Business and Communication Studies Journal, which would be later made available to the general public, especially policymakers and political office holders in Nigeria in particular and Africa as a whole.

COMMENTS

WORDPRESS: 0
DISQUS: 0