Digital Economy: The Role of the Telecoms Regulator in Nigeria

Digital Economy: The Role of the Telecoms Regulator in Nigeria

Ebinimi Tebepah (Nigerian Communications Commission, Nigeria)
Copyright: © 2020 |Pages: 12
DOI: 10.4018/IJIDE.2020100102

Abstract

The digital economy is growing rapidly across the world, albeit at an uneven pace that transcends different countries. In most countries, however, the digital economy is constantly evolving. This article seeks to explore the possible role of the telecoms regulator within the context of a digital economy in Nigeria. The article starts by providing an overview of digital economy by defining this concept as well as its components. Furthermore, the article provides some examples of emerging technologies, which appears to propel the digital economy and some inherent challenges. The article then discusses the readiness of the Nigerian economy in adopting digital economy which involves broadband coverage, data protection, and interoperability of digital platforms. Finally, the implications for the regulator within the context of having a digital economy is considered and practical recommendations provided.
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2. Definition Of Digital Economy

Possibly the biggest cause of confusion surrounding the digital economy is the lack of a commonly understood definition according to Ahmad and Ribarsky (2018). What appears to be a consensus is in relation to digitisation according to the authors – referring to the encoding of information or procedures into binary bits that can be read and manipulated by computers and that can take many forms such as the translation of analogue measurements; encoding business and industrial processes; voice over internet protocol (VOIP); social networks as alternatives to face-to-face interactions and so on. Collectively, the changes produced by the different forms of digitisation and the effects on economic and social activity constitute digitalisation (Ahmad and Ribarksy, 2018).

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