ITU Targets $100bn Funding by 2026 to Accelerate Global Digitalisation

The International Telecommunication Union (ITU) has issued a worldwide appeal calling to increase the value of pledges for digitalising the world from the current $30 billion to $100 billion by 2026.

The appeal by the United Nations specialised agency for information and communication technologies includes a focus on raising the level of resources for universal and meaningful connectivity and digital transformation in the world’s least developed countries (LDCs).

The announcement of the target was made on World Telecommunication and Information Society Day, observed annually to mark the signing of the first International Telegraph Convention and ITU’s founding in 1865.

“Tech is at the top of the global agenda, but the benefits of digital technology are still out of reach for too many people,” said ITU Secretary-General Doreen Bogdan-Martin. “If we are serious about digitalizing the world in a way that is meaningful and sustainable, we must take action to accelerate digital transformation for everyone.”

In 2023, ITU’s anniversary is focused on empowering the least developed countries through information and communication technologies using the Partner2Connect Digital Coalition and its online pledging platform.

The ITU appeal to the public and private sectors encompasses a campaign launched in February 2022 by Partner2Connect to mobilise direct funding or other contributions for connectivity projects in countries registering the lowest on development. Of the $30 billion already pledged overall, Partner2Connect has identified commitments worth $12 billion to bring the LDCs online as quickly as possible.

The United Nations defines LDCs as countries that have low levels of income and face severe structural impediments to sustainable development. The call for resources, which comes as the UN strives to rescue its Sustainable Development Goals (SDGs) by 2030, stresses the need for the globe’s digital transformation to be environmentally friendly.

“The digital revolution is a defining force of our era,” said United Nations Secretary-General António Guterres. “As the Internet becomes ever more central to value creation and innovation, least developed countries risk falling further behind. We must dramatically improve accessibility and inclusivity and eliminate the digital divide.”

According to ITU data, 2.7 billion people worldwide were offline in 2022. The digital connectivity divide separating the least developed countries from the rest of the world is widening on key factors such as access, digital skills and affordability.

Though the globe’s 46 least developed countries are home to almost one-third of the world’s offline population, the Internet is considered to be affordable in only two of those countries.

At the event marking ITU’s anniversary in Geneva, ITU Secretary-General Bogdan-Martin announced SDG Digital Day, scheduled for 17 September in New York in advance of the UN SDG Summit to review the 17 Sustainable Development Goals.

The SDG Digital Day, powered by ITU on behalf of the UN system, will showcase high-impact, sustainable, digitally based solutions that have a game-changing potential to accelerate progress on the SDGs.

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

NGX Chair: Dangote Refinery IPO Will Deepen Nigeria’s Capital Market

Being excerpts of a TV interview granted by Dr....

INEC Chairman, Joash Amupitan, to Keynote GOCOP 2026 Conference in Lagos

Chairman of the Independent National Electoral Commission (INEC), Professor...

NCRIB President Endorses Insurance Meets Tech 5.0, Rallies Brokers to Participate

L-R: Executive Secretary, Nigerian Council of Registered Insurance Brokers...

Fidelity Bank: Why the Right Community Could Be a Woman’s Greatest Advantage

For generations, women have been encouraged to work harder,...

Agusto & Co. Upgrades Mutual Benefits to ‘A-’ on Strong Financial Performance

Agusto & Co. has upgraded the long-term credit rating...

Topics

Nigeria Seeking $11bn World Bank Loan

Nigeria is holding talks with the World Bank to...

NCC EVC: ‘We’ve Deactivated All Improperly-registered SIM Cards’

  Prof. Umar Danbatta Executive Vice-Chairman/CEO NCC “By our records, all improperly-registered Subscriber...

Eleven in Contention for $100,000 The Nigeria Prize for Literature

The Advisory Board for The Nigeria Prize for Literature today announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama. The literature prize is sponsored by Nigeria LNG Limited (NLNG) with a cash award of $100,000. The 11 plays on the longlist, in alphabetical order by the title of the plays, are: Dance...

NCC CEO, Danbatta, Bags Vanguard’s 2022 Regulator of the Year Award

The Executive Vice Chairman and Chief Executive of the...

Royal Exchange: N11bn Premium Drop in 9 Months, N356m Loss in Qtr 3

Royal Exchange Plc has reported N11 billion drop in...

Old Mutual in Nigeria Announces Change of Name to emPLE

Upon receipt of all necessary approvals from the National...

African Aviation Generates $80bn in GDP Per Year

· Carries 70m Passengers · Creates 6. 9m Jobs The International...

IATA Holds 72nd AGM in Dublin June 1

The 72nd IATA Annual General Meeting (AGM) and World...
spot_img

Related Articles

Popular Categories

spot_imgspot_img