ROLE OF ICT IN FINANCNG FOR DEVELOPMENT IN

NIGERIAfadebowale@kowafresh.com, +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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02

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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

CONTACTAdemola Adebowale

Lagos, Nigeria +234-814-5045-108

@kowafresh kowafresh fadebowale@kowafresh.com

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)