Categories: Economy And Business Headline

Bill Gates Teams Up With FG To Develop Cutting-Edge Identity Technology For Nigeria

the ID technology called MOSIP would ensure that every Nigerian gets digital benefits. In addition to providing this technology support, the Microsoft Founder said he is ready to do more of Nigeria.

Advertisement
Advertisement

Bill Gates has teamed up with FG to develop cutting-edge identity technology for Nigeria.

 

NewsOnline Nigeria reports that Microsoft founder, Bill Gates, has said he is working with the Federal Government to develop what he described as a ‘one-identity’ technological platform that can integrate variegated data.

 

This Nigeria news platform understands that Gates stated this on Sunday during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia.

 

He noted that the identity platform will explain the centrality of data harmonization to planning, security, and tax efficiency.

 

ALSO: Zenith Bank Shareholders Unanimously Approve Holdco Structure

 

According to Gates, the ID technology called MOSIP would ensure that every Nigerian gets digital benefits. In addition to providing this technology support, the Microsoft Founder said he is ready to do more of Nigeria.

Digitization support

While noting that the drive to support Nigeria’s digitization efforts is aimed at harmonising the country’s scattered data, Gates said:

“We are working with Mr. Wale Edun, the Coordinating Minister of the Economy and Minister of Finance, on digitization. Before you came into office, there were a few things attempted in identity management. But they have been very scattered. There have been multiple identification systems.

 

“Now, there is a plan to take that technology called MOSIP and use it for this identification platform so that people can get digital benefits. We are providing support for that, and we can provide more support.

 

“With MOSIP ID, there is potential application in all government payment programmes. It helps with payment efficiency and bank accounts, and eventually, when everyone is using that, it makes tax collection easier.

 

“That benefit will take a few years. However, there will be more bank accounts, more financial inclusion, and effective government payment programmes.”

 

Mr. Gates said Nigeria has the capacity to manage this system and related technological systems as the nation brims with talented youths.

Nigeria is investing in technology

Speaking earlier during the meeting, President Bola Tinubu said his administration is investing in technology that is tailored towards ensuring transparency and accountability in government and accelerating public-sector performance and service delivery to the Nigerian people.

Tinubu added that technology is a potent weapon against corruption and financial impropriety in public service.

 

Emphasizing his unwavering commitment to deliver reliable technology that will support a national consumer credit system and many other critical new government interventions for all Nigerians, the President said resistance is often expected when efforts are made to strengthen systems and forestall malfeasance.

 

“Technology is the enemy of fraud, corruption, and irregularity. We have been working hard on improving technology.

 

“There is always the initial resistance. Corruption, self-interest, and fraudulent activity will always be an enemy, but when you bend that curve, you will receive the benefit. The nation will receive the benefit,” the President said.

 

Recounting how he deployed technology to enhance the revenue base of Lagos State as governor, President Tinubu said he ensured the collection and utilization of essential data, creating an efficient tax system for the state.

 

“When I was governor of Lagos State, I faced challenges. I started with N600 million and ended up with over N8 billion. And right now, they are targeting a trillion naira with the use of technology in the state. There is no other shortcut. We must invest in technology. We must focus, be diligent, and work hard,” the President said.

Advertisement
Adebimpe Ogunṣuyi

Recent Posts

  • Economy And Business

BREAKING: Petrol Marketers Predict Further Major Drop In Fuel Price

Petrol Marketers have predicted a further major drop in fuel prices from today across Nigeria.…

4 hours ago
  • Crime Watch

FG Moves To Arraign Terrorists Linked To Bello Turji Group

FG has moved to arraign all the suspected terrorists linked to the Bello Turji group.…

4 hours ago
  • Headline

BREAKING: FG Declares 3 Days Public Holiday For Christmas, New Year Celebrations

FG has declared 3 days of Public Holiday for Christmas and New Year Celebrations in…

4 hours ago
  • Featured

Open Heaven 23 December 2024 RCCG Daily Devotional

Open Heaven 23 December 2024 RCCG Daily Devotional can be accessed below.   NewsOnline Nigeria…

4 hours ago
  • Exchange Rates

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, 23 December 2024

Black Market Dollar To Naira Exchange Rate in Lagos and FCT today, 23rd December 2024.…

4 hours ago
  • Economy And Business

BREAKING: PDP Knocks President Tinubu Over Deadly Stampede For Food

PDP has knocked President Tinubu over a deadly stampede for food across states and FCT…

17 hours ago