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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Encourage China to support Ghana’s debt restructuring – Akufo-Addo to Germany

    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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Nigeria: World Bank Laments ‘Wide Gap’ in Digital Divide

bycitibusinessnews
March 23, 2016
in Africa, West Africa
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Abuja — The World Bank yesterday said despite improvement in Internet penetration worldwide, there was still wide digital divide in both access and capacity while its anticipated dividends in terms of growth and massive jobs creation remained unseen.

It said Internet access remained highly discriminatory and has not really contributed to poverty reduction.

World Bank Group Lead ICT Policy Specialist, Mr. Tim Kelly said there had been no real productivity in growth and jobs adding that progress was still confined to the micro rather than macro levels.

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Speaking in Abuja during the launch of the World Development Report 2016 on Digital Dividends, he said countries appeared to have neglected the analogue component of the digital revolution and urged governments to invest in education and skills development to complement the digital component.

He said pursuing digital revolution without its analogue component could be disappointing in terms of good results.

He said while four billion people lacked internet access, six billion others lacked access to quality broadband internet.

Kelly said development impacts of digital dividends have fallen short of expectation and remained unrealised.

He said: “While there are many success stories, the aggregate impacts of digital technologies have so far been smaller than expected. Firms are more connected than ever, but global productivity growth has slowed.”

He said while digital technologies are changing the world of work, labour markets have become more polarised while inequality had also been on the increase within many countries.

The report, nevertheless, acknowledged the transformational benefits of digital technologies in recent times.

“Digital technologies-the internet, mobile phones, and all other tools for collecting, storing, analyzing and sharing information-have spread quickly… nearly 70 per cent own a mobile phone. The number f internet users has more than tripled in a decade-to an estimated 3.2 billion at the end of 2015,” it stated.

Kelly added that that governments should create the greatest citizen engagement in e-government projects in order to achieve significant impact.

–

Credit: All Africa

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