Mr. Shehu Tijjani Abdullahi, the Chief Executive Officer of Amaltech Technologies, has harped on the need to invest in semiconductor technology and chips production for job creation and economic growth of the country.
Tijjani Abdullahi who disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja, emphasized the vital importance of harnessing the potential of semiconductor technology to propel economic growth and expand Nigeria’s industrial horizons.
The CEO explained that semiconductor technology stands as a cornerstone for global innovation and modern economies.
According to him, Nigeria needs to prioritize investments in semiconductor technology and chips production to fuel economic diversification, especially given the country’s reliance on oil revenues.
He said: “This will be a crucial stride towards achieving robust economic
diversification.”
“Investing in this domain could unlock substantial foreign exchange earnings through localized processing of raw materials and export of semiconductor products.
“This approach, in turn, has the potential to stimulate job creation, elevate local content development, and bolster a more resilient economic
environment.
“Recognizing the boundless capacities of Nigeria’s youth in steering technological progress, he emphasizes the necessity to enhance awareness and educate the emerging generation about the array of opportunities embedded within semiconductor technology.
By fostering an environment conducive to nurturing skills and innovation, Nigeria can strategically position itself as a formidable contender on the international semiconductor production stage.”
The first-class graduate of software engineering from Middlesex University, highlighted the untapped potential of Nigeria’s youth in propelling technological
innovation and growth.
However, he, called on Nigerians to invest in semiconductors and chips production resonates as a strategic imperative for achieving economic diversification.
Besides, he maintained that in a rapidly evolving global market, Nigeria has a critical opportunity to embrace technology-driven growth and secure its place in the future of industry and innovation.
