• Sunday, December 10, 2023
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FG unveils $609m fund for tech entrepreneurs in Nigeria

Minister Tijani tours SecureID Limited Plant, explores smartcard Innovation

Bosun Tijani, Nigeria’s minister of communications, innovation, and digital economy, has revealed that the federal government has launched a fund of $609 million for tech entrepreneurs in Nigeria over the next four years.

Speaking at the ongoing 2023 Nordic Nigeria Connect in Lagos, Tijani said the biggest contributor of services is telecommunication hence the country should build partnerships that would help it’s citizens get there.

“In a connected world, our role is to build relationships with countries, organisation with innovation and a body of knowledge.

Read also: IBPLC invests over N60m in seed capital to empower 50 young entrepreneurs

Nigeria doesn’t need to reinvent the wheel in what is already known in other countries but we can leverage the opportunity,” he added.

According to the minister, the government should build a country that we need to see, which is not just the role of government but also the private sector.

“The role of criticism of government should be to make government learn hence we should criticise with fact and evidence to let government be better.”

Yemi Osinbajo, former vice president of Nigeria in March, launched a $600 million programme for young Nigerians in the technology and creative sectors with a call on African governments and the private sector to do more to support the growth of innovation in the continent.