Nigeria’s Deputy Senate President hails AI, Blockchain as the Fourth Industrial Revolution

Nigeria’s Deputy Senate President Ovie-Omo-Agege has hailed AI, Blockchain technology as the new and disruptive technology of the Fourth Industrial Revolution, said a recent report on TheNation

He said this while presenting a paper on the theme Technology, Innovation and National Development at the 2019 luncheon of Government College Ughelli (GCU) Old Boys Association (OBA), Lagos Branch, at Eko Hotel & Suites, Lagos

He linked the development of any any nation to the level of advancements they have made technologically, because;

Technology has become the soul of many businesses, including small and large-scale corporations. Though the dialogue on the all-important setting of technology in our development process seems to resonate perfectly with the broad spectrum of our society, not many have taken time to critically examine the subject-matter and its overall implications for national development.”

Still speaking, he espoused more on the issue of technology, detailing the first three industrial revolutions, that spelled the evolution of the steam engine, to the age of science and mass production, and the rise of digital technology and now, the fourth which he declared the age of,

“Artificial Intelligence (AI), blockchain, robotics, facial recognition, paperless learning, cashless economy.”

Spanning from North America, to continental Europe, China and India, and from Asia-Pacific to Africa, he enthusiastically spoke about how talks about the fourth industrial revolution have begun to dominate global discourses in nearly every institution that matters, from politics to religion, to business.

Also Read: Terra Technologies boss Ifeanyi Ochonogor cautions on Environmental hazards of fourth industrial revolution

In Nigeria, he was happy at how some sectors were making conscious and determined efforts to align with best global practices in technological innovations, like in the banking industry where the Central Bank of Nigeria (CBN) has made commendable efforts at encouraging banks and other financial institutions to infuse technology in their operations.”

The crux of his presentation was his substantial appraisal of how technology was the basis for wealth creation and national development and transcended all spheres of human endeavor including traditional economies like agriculture, employment and even transportation and expressed hope that in the future, Nigeria would approach technology and innovation more progressively.

Nigeria's Deputy Senate President hails AI, Blockchain as the Fourth Industrial Revolution 2

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