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Home ยป FG to raise $5bn capital for Nigerian tech startups in five years – Minister
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FG to raise $5bn capital for Nigerian tech startups in five years – Minister

OsunDailyBy OsunDailyOctober 4, 2023No Comments1 Min Read
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Dr Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, says President Bola Ahmed Tinubuโ€™s administration plans to raise Nigerian tech capital to $5 billion in four years.

Also, he said the federal government aims to train three million early to mid-career technical talents in the next four years.

Tijani disclosed this on Monday while unveiling his plan for the countryโ€™s tech industry in a paper titled โ€œAccelerating our collective prosperity through technical efficiency: A strategic plan for the Federal Ministry of Communications, Innovation & Digital Economyโ€™.

He stated that the federal governmentโ€™s commitment towards talent development is unwavering.

โ€œOur commitment to talent development is unwavering. We have set an ambitious goal to train three million early to mid-career technical talents over the next four years.

โ€œThese trainings will cover tech-enabled and tech-adjacent skills, core tech competencies, and advanced proficiencies. This holistic approach empowers our workforce to thrive in a constantly evolving technological landscape.

โ€œIncrease capital raised by Nigerian tech startups 50 per cent year-on-year from $1bn/yr in 2022 to $5bn/yr in 2027,โ€ he said.


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5bn Capital Minister Nigerian Raise Startups Tech Years
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