HomeNewsNigeria plans $617.7M digital enterprise investment in November.

Nigeria plans $617.7M digital enterprise investment in November.

Published on

Vice President Kashim Shettima has emphasized the urgency of launching the Investment in Digital and Creative Enterprises (i-DICE) program by November’s end, reinforcing President Bola Tinubu’s commitment to job creation in Nigeria’s tech sector.

During a briefing in the Presidential Villa, Abuja, Shettima received an update on the program’s progress and urged the i-DICE team to expedite its implementation. The initiative, valued at $617.7 million, aligns with the government’s efforts to drive digital employment and address youth unemployment challenges across the nation.

Shettima highlighted the significance of the initiative, calling on all partners to ensure the prudent use of allocated funds. He expressed, “Given the unique challenges our nation confronts, creating opportunities for our young population is paramount. I expect a weekly progress report to monitor the initiative’s momentum.”

Daily Post reported that He further emphasized the nationwide scope of the project, stressing the importance of inclusivity. “The vast potential of these funds, if used wisely, will have a transformative impact on our youth and the economy.”

Offering reassurance, the Vice-President pledged full support to the technical committee, program staff, and international collaborators. “Our commitment is unwavering. President Tinubu is fervently focused on Nigeria’s transformation. The government stands firmly behind this endeavor,” Shettima concluded.

Latest articles

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.

More like this

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.