FG Advised on Tech-Driven Solutions to Tackle Resource Shortage
Omolabake Fasogbon
An expert in accounting and financial development, Prof. Godwin Emmanuel Oyedokun has urged the Nigerian government to leverage disruptive technology to address growing challenge of resource scarcity.
Oyedokun while speaking at the University of Benin International Conference, recently, emphasised the transformative potential of these innovations to solve global issues, including climate change, and social inequality.
According to him, optimising these tools, such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT), however, requires that strong accountability frameworks are in place.
“Disruptive technologies have the potential to revolutionise industries by improving efficiency, inclusivity, and transparency,” he maintained.
Oyedokun went further to highlight how blockchain technology could bolster financial transparency and supply chain accountability, adding that AI and big data analytics can be relied on for seamless decision-making in both governance and corporate settings.
“IoT enables real-time environmental monitoring, which is crucial for sustainability efforts. By integrating these technologies into governance and business practices, we can significantly reduce corruption, improve regulatory compliance, and build public trust,” he added.
Acknowledging the challenges associated with these technologies, such as job displacement, ethical concerns, data security risks, and digital divide, Oyedokun called for inclusive innovation, regulatory reforms, and skill development to mitigate these risks.
“We must bridge the existing digital divide and ensure that technological advancements do not deepen existing inequalities. Policymakers, businesses, and civil society must collaborate to create an equitable and sustainable digital landscape,” he said.
He further recommended stronger regulatory frameworks, ethical AI development, and investments in green technologies to ensure that disruptive innovations align with sustainability goals and social responsibility.
