As part of efforts aimed at increasing the competitiveness of Nigeria’s Information and Communications Technology (ICT) sector, the Federal Government (FG) is seeking the sum of $500 million technology innovation fund from the African Development Bank (AfDB).
The Vice President of Nigeria, Prof. Yemi Osinbajo, disclosed in an interview with journalists, at the just concluded first Africa Investment Forum (AIF), organised by AfDB, in Johannesburg, South Africa.
Osinbajo said the move is part of the plans to further deepen the country’s ICT sector and make it more competitive.
Besides, the VP said the Federal Government had directed the Bank of Industry (BOI), to put in place a $10 billion technology fund to support techpreneurs and start-ups. Read more