 So like I said in the intro, the digital economy is a key pillar of the recently approved economic sustainability plan ESB for short. Can you please speak about the ESB and the digital economy focus? And perhaps also tell us a bit more about the role of ministries and agencies of government in its implementation. Thank you. I think they're just a safe time. I take it that everyone sort of understands that ESB is our response to the economic crisis caused by the pandemic. So our focus on the digital sector is really because practically everything else we're doing centers around expanding our reach in the digital sector. So for example, financial inclusion is critical for us because we are spreading our services, we're extending our services, social services, payments of cash transfers to the poorest and most vulnerable and all manner of other such payments. We have to make these payments in the farthest places in Nigeria and so we certainly need to expand our reach in order to do so. And of course technology is critical to that. Secondly, e-commerce, education, and that's been made even more important during the lockdowns and all of that. So all of the education platforms that we have and we're expanding that government of course is funding a lot of that and collaborating with the private sector to fund and to establish these platforms. And then remote work, you know, practically everything is now remotely done and we are all engaged in this virtual, virtual everything, virtual, and just earlier on today I did the virtual commissioning of an MSME shared facility in Lagos, you know, sitting right here in my office. So this is getting all very nice and comfortable and so for us the digital space is absolutely important, which is why the focus was on the digital economy, the ASP. All ministries, I mean really practically all of our ministries are involved because this is all of government, it affects everybody, it affects everything. And but of course we're led by the Ministry of Communications and Digital Economy, which is a ministry fully devoted to all of what we do in the digital space. But practically every ministry is involved. We also have NICTA, which is the agency responsible for information technology, Ministry of Education is of course very actively involved, you know, practically everyone is involved in this. And of course the private sector, we absolutely can't do nothing without the private sector and practically everything we're doing is to create the environment that will enable the private sector to take leadership and to do what it needs to do to expand the sector. So as not to take too much time. Well said. Well said. So I mean, you just, you basically said that I'd like to say that the future is digital distributed and remote and that future is now, which is basically what you're saying. And in terms of everyone, it's all hands on deck. And even if they're not, some ministries may not be at the forefront of pushing it, but they will also be impacted on me to get on board. Okay. Thank you very much. Still with you, your Excellency, I think this may be presumptuous of me, but I believe one of the things that probably played a role and culminated in the prioritization of the digital economy in the ESP was your famous Silicon Valley tech tour. And so for those who do not know, in 2018, you led a delegation of government agencies, technology, ecosystem stakeholders and investors on a tour of Silicon Valley and Los Angeles. And one of the places your delegation visited was the Facebook campus in Silicon Valley. You also undertook a similar tour of technology companies and startups in Lagos at about the same time. And I know my company, Angela, was one of those you visited. So the question is, have there been any specific gains from these tours over the past two years? Well, there have been. There have been several. And I think both tours were extremely successful. In Silicon Valley, Nigerian startup companies got a chance to pitch their products to tech sector investors. So that was very good. In fact, before we left Silicon Valley, one of our venture platforms, one of our venture funds, the venture platform, actually was able to sign a transaction worth about $10 million within Nigeria, US Council, even before we left. And of course, since then, we've seen tremendous activity. Of course, what, as you said, what Facebook, the Facebook campus, which was, you know, an absolute delight. We enjoyed being around there and seeing all the excitement and, you know, a great deal of energy out there. It was, I think, particularly encouraging for many of our startups, seeing at close quarters what a comparable giant was doing. And I think that this was very, very helpful. Aside from that, we think that the visits helped in showing our seriousness about the tech sector. And also to the entertainment industry also, because we did quite a few meetings also with the entertainment industry. In fact, as of the end of 2018-2019, we got in about $377 million in investments in the tech sector. So that I thought was excellent. Of course, it still squatters the surface when you consider the size of our economy and the size of the country. But there were very significant gains and we're extremely happy to have been able to do it. Of course, two visits or one visit doesn't ever answer the various, various, various challenges and issues and all that. But I think we started off a series of interactions which have been very useful and will continue to engage. Thank you, sir. So I think we need more of these tours. Well, not to joke about it. It's interesting to hear the benefits gained from such tours. And maybe we should make that a KPI for every tour that people are going on. They should show us the one after the tour. Thank you for that. Talking about the private sector, executing on some of the focus areas, area missions, so skills, infrastructure, finance. I'd like us to speak a bit more about how easy it is to do that in Nigeria. And so your excellency, this one's for you. Nigeria was recently applauded for its rise on the World Bank skis of doing business rankings. This has been credited largely to the efforts of the government through the presidential and enabling business environment council clinic. But a lot of businesses in technology and the creative industry still complain about facing these difficulties in many areas. So for instance, recent regulations by the Nigeria Broadcasting Corporation are seen as anti-competition and a discouragement to investors in the industry. So how will the government work to fix these issues and then manage the peculiarities of the technology and the creative industries? Thank you very much. I think that first with regulation, we're dealing with uncharted territory. Because quite a few of what we're seeing are entirely new. And I must say that the regulatory authorities have done quite a decent work of trying to grapple with the newness of some of what they see. So for example, we worked on the payment services licenses. They are licenses for FinTech companies that are obviously because they are doing some banking type work, but they are not deposit banks. They are not licensed deposit banks. So we have to create some room for them. And what has happened is that the collaborative effort of government and the tech sector worked on this. Even the entertainment sector worked on this. We had a technology and creativity advisory group. And these are young entrepreneurs, innovators, et cetera, who worked with us in the industrial and competitiveness council. To craft some of these regulations and to think through some of the problems. So that license was particularly important because it carved a space that was previously dominated entirely by deposit money banks. And of course, you know that they are the least willing to have their lunch taken away from them. So really, this was quite good. And also, there have been other ways in which obviously we have access to credit. We've worked very hard to ensure that there is some access to credit for innovators. We've talked a bit about foreign investments in innovation in Nigeria. But more importantly, the work that the Bank of Industry is doing, the Bank of Industry has a fund, a tech fund. The central bank has also recently established a technology fund. And the AFDB, we're working with the AFDB. They have a $500 million fund at the moment where I think at the final stages of trying to bring that into existence. So there's quite a bit of activity around trying to ensure that there is access to funding while we're improving the business environment and improving the environment for tech companies to operate. I think that one thing that's certain is that there's change in the technology space is so rapid that you frequently find that the regulator is really just chasing after the innovations and all of that to see how best to regulate without stifling these companies. Regulation nine, the NBC code, which you referred to, is one which obviously is now... Well, there's activity around trying to take a second look at it. There are those who say that it is anti-competitive, it's an anti-competition. There are those who say that it is pro-competition, by the way. So it's one which I think we should take a second look at. Basically what it says, as you know, is that if you have a product, a licensed product for TV or film and all of that, you're expected to share it with other platforms. It's one which, and I understand the argument of those who say that why should I, that this is a violation of copyright and intellectual property in other ways, etc., which is a very strong point and this is why I think that we ought to take a second look at it and see where there are ways of moderating that to be more acceptable and so as not to stifle the work of very, very hard-working creative people who are creating content in film, creating content in music, etc. So that's where we are. Thank you, thank you. I want to particularly thank you for that. I mean, for committing to take a second look and to see where there are value points and we look forward to traction, not just on that but on everything. I guess one of the things you said, which is important and I guess we should say this to the public, is we are reading on chatted territories and so we should expect or we should show some patience and we should understand that we will have some TV issues so we all have to work together. So thank you very much for that. And speaking about tech companies and the private sector, we are seeing top global players in the technology industry showing a lot more interest in Nigeria and Africa recently. So the likes of Facebook are increasing their investments just like Sir Richard said and presence on the continent. What is the government doing to ensure that the business environment is ready to receive them, especially when we look at the human resource and skills required at the right scale? Secondly, it is important that Nigerian players are not swallowed by these giant companies. So how are we ensuring that these two core issues are not overlooked? Right. Okay. I think that first we are trying to work with practically everyone who is interested in the Nigerian digital sector. By way of preparation, one of the critical issues for us is of course our broadband infrastructure, improving our broadband infrastructure. And we've heard the very exciting stuff that Facebook is doing, especially by way of the sub-scene cable that is being launched. We are also working, we have a Nigerian national broadband plan, from 2020 to 2025, recently launched by the Honourable Minister of Communications and Digital Economy. There is a presidential committee which has just been inaugurated to work on this. But the basic objective is to deliver data download speeds at a minimum of 25, at least 25 megabits per second for urban areas and about 10 megabits per second for rural areas. So this, and of course we are trying to cover about 90% of our population as well in terms of just the rich. So these are broad objectives. And for us, creating that infrastructure is crucial because really that's how everybody else will be able to operate and we're happy to see the partnerships that we're getting from Facebook and from some of the other tech companies. In addition to that, the state governments are working on ensuring that it is cheap to lay broadband networks. Of course you know we're a federation, which means that the states have considerable autonomy, especially regarding development control etc. So if you're going to lay cables in the state, obviously they may want to charge an honour. But at the National Economic Council, which is a meeting of all the state governments which I have the privilege of chairing every month, we've agreed that states will not charge more than 145 Naira per metre. That would be the right of way charge. But we've gone beyond that and several states have gone beyond that to say we're not even going to charge anything at all. Because obviously it makes more sense to have the broadband infrastructure laid and whatever little internally generated revenue that they can make. So we're at a point where many of the states are saying, let's just lay the infrastructure. So your excellent thing is to vice-president. So from you as well, 60 seconds for your final thoughts on all of this. Thank you very much. I just want to say how fantastic this afternoon has been. I am extremely excited. I wish this news of Facebook opening, his office had come just before the elections. We have improved our chances tremendously with young people and entrepreneurs and business. But this is all very good and we're so excited to hear all of what is possible and all of what is being done already. So I think that this partnership is one that we must continue to nurture and make sure that it benefits our people and of course benefits Facebook itself. And we're looking forward to working with your team, with the Facebook team at all times. And where our doors are open, we're looking forward to that interaction as much as we can. And we hope that this will be the beginning of even more conversations and more action too. Thank you very much.