the role of ict in financing for development in nigeria
TRANSCRIPT
ROLE OF ICT IN FINANCNG FOR DEVELOPMENT IN
[email protected], +234-814-504-5108
Presented by Ademola Adebowale
THE INNOVATIONUndoubtedly, technology has tremendous potential to accelerate progress towards reaching the SDGs: from connectivity to cloud computing to the Internet of Things, new and evolving technologies can help increase scale, improve impact, enhance program design and measure results in ways that simply were not possible just a few years ago.Nigeria has Africa’s largest mobile market, with more than 148 million subscribers and a penetration of about 107% , this can be considered as a brilliant solution to increase her domestic resource mobilization (DRM) to finance developmental project.
THE INNOVATIONFor Nigeria to achieve SDGs, changes are required in the way public, private and civil society organizations function, the way they partner, the way they engage with individuals and communities and the way government policies influence their operations. The challenge facing Domestic Resources Mobilization in Nigeria is how organizational leaders is understanding the benefit and role of ICT in driving these changes.
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The iDEA
DOMESTIC RESOURCE MOBILIZATION
EFFECTIVE MONITORING
PUBLIC ENGAGEMENT
SDGS
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ICT can Improve tax administration (DRM), through Mobile money model for the Unbanked and the new BVN Technology
SDgs can be effectively monitored by stakeholders through innovative technology and report delivered
Government can use ict as tools of engagement and getting feedback from the public who are to hold them accountable.
The challenge“Currently, Nigeria collect much lower proportions of
her GDPs in tax revenue than do the governments of the OECD countries: 10-20% rather than 30-40%.Experts agree that there is considerable potential to increase tax revenue in developing countries like Nigeria”
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The Challenge
ILLICIT FINANCIAL
FLOWS$50 - $60 Billion leaves Africa annually, Nigeria
is not an exceptionCORRUPTIO
NCorruption hits hardest at the poor in Nigeria
who make up more than 40 per cent of
the 179 million people
PUBLIC ENGAGEMENT
The need to engage public on SDGS and
their role
TAX/GDP RATIO
Below 14%
POOR GOVERNMENT EXPENDITURE
Higher government spending in urban areas than rural.
DRM FROM THE
UNBANKEDThe challenge of raising DRM from
the Informal sector
INEFFECTIVE TAX
ADMINISTRATION
Nigeria can raise additional 1 Billion
annually from Improved Tax Administration
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Solving ProblemThere is a need for Collaboration
The Government The Private Sector
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Solving ProblemThere is a need for Collaboration
Civic Society
Hold Government accountable.
Educate the Public on SDGS and their roles .
Paying Tax as a Civic responsibilities
Understands what are SDGS .
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Solution SlideICT will power these activities
SOLUTIONS
DOMESTIC RESOURCE
MOBILIZATIONProvisioning of mobile money technology for tax collection
and remittance.
EFFECTIVE MONITORING
OF SDGSSocial platform where the public can be educated on
SDGS, and also monitor these goals
PUBLIC ENGAGEMENT
ICT/Mobile based solutions for DRM campaigns and
communication , and public enlightenment
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Key OpportunitiesMobile Technology
Nigeria has Africa’s largest mobile market, with more than 148 million subscribers and a penetration of about 107%. The rapid growth has led to problems with network congestion and quality of service, prompting the telecom regulator to impose fines and sanctions. Network operators invest billions of dollars in base stations and fibre optic transmission infrastructure to support the ever increasing demand for bandwidth. Mobile Revolution
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The OpportunitiesUSSD Interactive Services
Available on any mobile phoneCommonly used in banking, mobile polling, security systems and education, USSD is standard GSM technology supported by all GSM handsets. It is session-based and supports longer message content. Secure and cost-effective, sessions can be initiated by both end-users and enterprises.
ADVANTAGES
REFERENCE
• Beyond Economic Growth: Meeting the Challenges of Global Development• Pages 7-15• Financing the End of Poverty • From Billions to Trillions: Transforming Development Finance, WBG joint with IMF and MDBs, 2015.• Pages 7-12 • Domestic Resource Mobilization, USAID, 2015 (read webpage introduction and 2-page El Salvador
case study)• Financing the future: Why domestic revenue mobilization belongs on the post-2015 agenda.
Devex, 2014 (OpEd, 1 page)• Taxing Multinational Enterprises Base Erosion and Profit Sharing (BEPS) II OECD, Policy Brief, 2014
(2 pages)