Nigeria Secures $500m For Local Digital Innovation Funding

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The Minister of Communications and Digital Economy, Bosun Tijani, has disclosed that the country has secured access to approximately half a billion dollars in

He said, “so we’ve got access to about half a billion dollars to start local funding. This funding is aimed at propelling innovation and entrepreneurship within Nigeria’s thriving digital sector,” he stated.Tijani outlined the government’s commitment to keeping the funds within Nigeria’s borders, ensuring their benefits were channelled towards authentic Nigerian businesses.

Chaudhuri underlined the potential of digital technologies in driving transformation and identified two crucial areas of collaboration with Nigeria.Chaudhuri stressed the foundational role of a digital national ID in facilitating this transformation, stating, “Our main mission here in Nigeria is to eliminate poverty, make lives better, create jobs for all Nigerian youth.“One of the areas that we think has the greatest potential is the area of using digital technologies to transform.

 

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