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Xw2z 200b

FG activates N240bn ADB facility for tech, creative sectors

· April 6, 2021 ·

Kindly Share This Story: In an unprecedented move to spur the entertainment, creativity and technology sectors in the country, the Buhari administration has now commenced the process that will pump the sectors with over 200B Nigeria in financing and investment set to take off by the end of the year. An informed source disclosed over the weekend that the financing which is specifically a $500 million to be sourced from the AfDB has the prospect of harnessing potentials in Nigeria’s creative and technology industries. According to the source arrangements for the establishment of a $500 million fund in support of what has been named the Nigeria Innovation Programme (NIP) is now being activated especially with a report of the first draft project proposal presented by the AfDB and other stakeholders to the Vice President a few days ago. Confirming the meeting, Mr Laolu Akande, a Senior Special Assistant on Media and Publicity in the Presidency said it is … [Read more...] about FG activates N240bn ADB facility for tech, creative sectors

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