Nigeria firms risk losing relevance without digital overhaul, Jacob says
Nigeria’s business landscape is under pressure to adapt to digital transformation, according to Jacob, a prominent industry analyst. Without significant changes, local firms may struggle to compete in an increasingly globalized and technology-driven market. The warning comes amid growing concerns over the country’s digital infrastructure and the pace of technological adoption across various sectors.
The call for digital overhaul highlights the need for Nigerian businesses to invest in modern technologies to remain competitive. Experts argue that failure to embrace digital tools could lead to a decline in productivity and market share. This sentiment is echoed by industry leaders who emphasize the importance of innovation in driving economic growth.
The report underscores the urgency for policymakers and business leaders to collaborate on strategies that support digital transformation. Such efforts could help bridge the gap between Nigeria’s current technological capabilities and the demands of a rapidly evolving global economy. (businessday.ng)
