By Rita Okoye
As technology continues to drive global innovation, effective technology management is emerging as a critical factor in national development. In Nigeria, a country with a rapidly expanding tech ecosystem, technology management holds the potential to address systemic challenges, unlock economic opportunities, and position the nation as a regional leader in technological innovation.
Nigeria’s tech sector is already making waves. With a 40% annual growth rate in its fintech industry and the digital economy contributing over 18% to GDP, the nation is becoming a hub for tech innovation. However, harnessing this potential requires strategic technology management to integrate emerging technologies into industries, enhance sustainability, and foster competitive advantage.
One shining example of technology management in action is in Nigeria’s energy sector. According to the International Energy Agency, Nigeria flares about 7 billion cubic meters of gas annually, a practice that contributes significantly to greenhouse gas emissions. Under the leadership of professionals like Rita Attah, transformative strategies are turning this challenge into an opportunity. While serving as Senior Manager at a leading indigenous energy company, Attah spearheaded a gas monetization strategy that reduced emissions and turned flared gas into a revenue-generating resource. This initiative exemplifies how technology management can drive both environmental and economic benefits.
Attah’s expertise extends beyond environmental solutions. During her tenure, she pioneered AI-driven technologies to optimize oilfield operations, increasing efficiency by 25% and reducing costs through predictive analytics. “Technology management is not just about adopting the latest tools; it’s about aligning innovation with strategic goals to maximize impact,” Attah explains. Her efforts secured $50 million in funding for sustainability projects, demonstrating how robust management can attract investment and propel growth.
Despite these successes, Nigeria faces significant challenges in technology management. Infrastructure deficits, inadequate funding, and a skills gap are major barriers. For instance, the country’s broadband penetration remains below the 70% target set by the National Broadband Plan. Moreover, the digital divide limits access to technology for millions, particularly in rural areas, hindering inclusive growth.
Emerging trends, however, offer promising solutions. The adoption of artificial intelligence, blockchain, and Internet of Things (IoT) technologies is on the rise, with applications ranging from agriculture to financial services. Additionally, policies like the National Digital Economy Policy and Strategy (2020–2030) aim to create a conducive environment for tech-driven growth. However, implementation remains uneven, and greater focus on execution is needed to realize the policy’s goals.
Attah emphasizes that Nigeria can learn from developed countries like the United States, where technology management is integral to urban and industrial development. “Nigeria must focus on policy consistency, workforce development, and public-private partnerships,” she advises. Drawing from her experience in the energy and banking sectors, she underscores the importance of data-driven decision-making and collaboration. “Cross-sector collaboration is essential to bridge resource and expertise gaps.”
In the United States, municipalities use advanced project management software and statistical analysis tools to streamline urban development. By adopting similar approaches, Nigerian institutions can improve transparency and efficiency in resource allocation. Additionally, training programs can build local capacity in emerging fields like AI, enabling Nigeria to compete on a global scale.
The road ahead requires bold action. Stakeholders must prioritize investment in technology infrastructure and establish policies that incentivize innovation. Public-private partnerships can provide the capital and expertise needed to scale solutions. Moreover, fostering a culture of innovation within organizations will be critical to sustaining progress.
Nigeria stands at a crossroads. By leveraging effective technology management, the nation can address its challenges, seize emerging opportunities, and accelerate its journey toward a sustainable and inclusive economy. Insights from industry leaders like Rita Attah provide a roadmap for this transformation, showing how strategic alignment of technology and policy can shape a brighter future for all Nigerians.