The keynote speech at the 2019 Annual Investment Meeting (AIM) with the theme MAPPING THE FUTURE OF FOREIGN DIRECT INVESTMENT: ENRICHING THE WORLD ECONOMIES THROUGH DIGITAL GLOBALIZATION. Buhari remarked that a certain level of regulation was needed to preserve the integrity of the digital economy
He acknowledged that digital globalisation is transforming the world almost every day with innovations and transformative ideas, the Nigerian leader cautioned that the cyber world would remain a constant threat if left unregulated.
The President decried the use of the cyberspace to manipulate elections, subvert the democratic rights of citizens as well as propagate violence.
He also lamented the steady rise in fake news and cybercrimes, particularly when platforms are hijacked and manipulated by criminals.
President Buhari, therefore, called for collective efforts led by both public and private sector leaders to address the emerging threats of digital globalisation.
He gave credit to the fact that the platform has made the human race more productive and more efficient. Today, we have digital banking, virtual currencies and many social platforms that connect people and cultures.
The president pointed out that the digital world has become the new frontier for both good and evil. Therefore, the challenge for world leaders must be to ensure that this space is inclusive, accessible and safe.
The President used the occasion to reflect on the digital revolution in Nigeria, buoyed by impressive statistics on mobile phone penetration, technology hubs and the advent of young entrepreneurs attracting investments of over 100 million dollars to the country.
He further remarked that Nigeria has close to ninety technology hubs and every day, new ones are coming up and they are all developing solutions for Nigerian, and indeed global problems.
President Buhari told the investment summit that as leaders in the public and private sector it was their responsibility to create the enabling environment for young people to flourish and reach their full potential.