Digital Economy

Abstract

The digital economy is growing rapidly across the world, albeit at an uneven pace that transcends different countries. In most countries, however, the digital economy is constantly evolving. This article seeks to explore the possible role of the telecoms regulator within the context of a digital economy in Nigeria. The article starts by providing an overview of digital economy by defining this concept as well as its components. Furthermore, the article provides some examples of emerging technologies, which appears to propel the digital economy and some inherent challenges. The article then discusses the readiness of the Nigerian economy in adopting digital economy which involves broadband coverage, data protection, and interoperability of digital platforms. Finally, the implications for the regulator within the context of having a digital economy is considered and practical recommendations provided.