The federal government revealed its successful acquisition of an additional $116 million in funding from the French government to stimulate digital entrepreneurship within the nation.
The news was conveyed by Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, through his official social media channel on Friday.
Tijani, representing Vice President Kashim Shettima, signed the agreement concerning France’s contribution to this initiative.
The newly acquired funds are earmarked for the advancement of the “Investment in Digital and Creative Enterprises (I-DICE) program.”
“The I-DICE program, under the leadership of the Vice President’s office, is poised to empower young Nigerians in creating job opportunities within the digital and creative economy,” Tijani shared in his post.
France, as represented by Ms. Catherine Colonna, Minister for European and Foreign Affairs, is contributing the substantial sum of $116 million to the overall funding pool, which amounts to $600 million.
This funding is not limited to France alone, as it will also receive support from various sources, including the African Development Bank (AfDB), the Islamic Development Bank, and the Bank of Industry (BOI).
Tijani expressed gratitude for the cooperation and assistance of partners such as France in their endeavors to realize an inclusive and prosperous economy in line with the vision of the President.
This move is expected to significantly boost the digital and creative entrepreneurial landscape in the country, ultimately promoting economic growth and opportunities for the nation’s youth.