TRENDING
AFRICAN DEVELOPMENT BANK BOARD APPROVES US $ 170 MILLION FOR INVESTMENT IN NIGERIA ’ S DIGITAL AND CREATIVE START-UPS
The investment in Digital and Creative Enterprises Programme ( i-DICE ) is a Federal Government of Nigeria initiative promoting investment in digital and creative industries .
This programme will generate significant economic benefits to Nigeria .
The Board of Directors of the African Development Bank ( ADB ) has approved a loan of US $ 170 million to finance a digital and creative enterprises programme in Nigeria .
The investment in Digital and Creative Enterprises Programme ( i-DICE ) is a Federal Government of Nigeria initiative promoting investment in digital and creative industries . It is part of Nigeria ’ s efforts to build back better , greener , and more inclusively , to create more sustainable jobs for the teeming youthful population .
The programme targets more than 68 million Nigerians aged 15 to 35 years who are recognised as leaders of innovative , early-stage , technology-enabled startups or as leaders of creative sector micro , small and medium sized enterprises ( SMEs ). The scheme is cofinanced by the Agence Française de Développement ( AFD ) and the Islamic Development Bank ( IsDB ).
“ Governments have a much greater role than just policy making . They need to be innovative and create an enabling environment that includes infrastructure and de-risking to harness private sector investments in key growth sectors ,” said Akinwumi A . Adesina , President , African Development Bank . The investment in Digital and Creative Enterprises Programme will also support
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