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Digital sector: Nigeria mobilizes over $500 million to fund innovation and entrepreneurship

30/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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At a dinner organized by the tech community in Abuja on Friday, August 25, Digital Economy Minister Bosun Tijani said that the Nigerian government has mobilized more than $500 million to finance innovation and R&D. #39; entrepreneurship in the country's digital sector.

Digital Economy Minister Bosun Tijani believed that part of his responsibilities is to work with the Bank of Industries (BOI) to ensure that the funds are domiciled in Nigeria, to work with the companies that manage and invest in businesses to ensure that the businesses that will benefit are real nig& businesses acute; grooves. According to him, the government is not going to just inject half a billion and that's it; it can in fact attract more investors to the core of the company. “The more money we have, the more resources our innovators will be able to access,” he said. In March, the government launched a $618 million fund whose capital was raised from the French Development Agency style="font-family: "Bookman Old Style”, "serif"> (AFD) and the Islamic Development Bank (IDB).

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