The Aftermath of COVID-19 pandemic on the Nigerian Digital Economy Strategy

Abstract

This study conceptually appraised COVID-19 pandemic, digital economy, and shed light on life after COVID-19 in Nigeria. The study used exploratory research design, and used secondary sources for the extraction of relevant information. The findings of the study revealed that in Nigeria, digital economy is relatively young and emerging. It was also revealed that digital economy along with communication has become a ministerial portfolio in Nigeria. More so, it was discovered that, digital economy in Nigeria is comprised of untapped potential that could benefit the nation in the long run. However, the study, found that, digital economy is being confronted with impediments in Nigeria and, post COVID-19 pandemic era might be characterized with upsurge in entrenchment of digital economy. The study concludes that after COVID-19 pandemic, digital economy is essential for meaningful life in Nigeria. Therefore, the study recommends that Nigerian government could encourage business organization in Nigeria to go digital by increasing allocation of fund for the development of Information and Communication Technology (ICT) as well as providing tax incentive to be offered to organizations that embrace digital automation of their operations.