Adamu Gwarzo Foundation ‘Splashes’ N2m on PRNigeria Latest Books

Adamu Gwarzo Foundation ‘Splashes’ N2m on PRNigeria Latest Books

The Chairman of the Adamu Abubakar Gwarzo Foundation, Prof. Adamu Abubakar Gwarzo, has supported two latest books published by the Image Merchants Promotion Limited (IMPR), with the sum of two (2) million naira.

The books are: “Pantami: The Trials and Triumphs of a Digital Economy Maestro,” written by Mal. Yushau Shuaib (Editor-in-Chief of PRNigeria and Economic Confidential) and “eNaira Revolution: A Peep into Nigeria’s Cashless Future,” authored by Mr. Abdulrahman Abdulraheem (Managing Editor of Economic Confidential).

Prof. Gwarzo’s financial donation was made at the maiden Economic Confidential Public Lecture and Book Presentation, in Abuja, on Tuesday.

He was represented by Dr. Abdullahi Sufi, Coordinator of the AAG Foundation, who stood in for him.

The public lecture and book presentation event, organized by the Image Merchants Promotion Limited (IMPR) – publishers of PRNigeria and Economic Confidential – was themed: “Economic Diversification in an Evolving Cashless Society”.

Prof. Gwarzo, who is also the Founder of Maryam Abacha University, Maradi, Niger Republic, and Nigeria, commended the Minister of Communications and Digital Economy for revolutionizing Nigeria’s digital economy sector, making ICT to now contribute the highest GDP to the country’s economy.

At the event, experts also advocated a ‘diversified economy’ for Nigeria. Prof. Pantami, for instance, emphasized the need for Nigeria to build a knowledge-based economy.

He however, said that such an ‘ambitious dream’ can only be realized through developing brilliant policy initiatives in the country’s digital economy sector.

While highlighting the importance of economic diversification in an evolving cashless society, the Minister pointed out that the world countries excelling in digital technology are also the trailblazers in economic development.

He said that countries like the United States, China, Japan, Germany, and India, with a combined GDP of $100 trillion, leveraged their natural resources to build a knowledge-based economy through digital technology, which is essential for economic diversification.

Pantami, also disclosed that Nigeria is one of the African countries participating in the fourth industrial revolution, which is currently underway, arguing that the country needs to move away from its reliance on oil and other natural resources.

“Building a knowledge-based economy can create jobs and reduce poverty, while improving economic competitiveness.

“It is therefore imperative for Nigeria to invest in digital infrastructure, improve digital literacy, and support innovation and entrepreneurship to promote a knowledge-based economy,” he said.

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Alhaji Mohammed Shehu, on his part, stressed the need for Nigeria to diversify her economy, if it must not sink, but flourish.

Shehu, who also chaired the dual event hosted by Economic Confidential, observed that Nigeria cannot continue to run a mono-economy, while other nations have since stopped depending on petrol to drive their economy.

“Nigeria should better diversify. Lest it sinks. We cannot continue in the trajectory of relying on crude oil.

“By the way, Nigeria is getting most of her money now from taxes, customs and other non-oil revenue sources, with the NNPC contributing less than 5% of what is shared across the federation”.

By PRNigeria