Nigeria’s digital economy gains $191mn FDI in Q1, 2024 — Minister

Spread the love

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijjani, says Nigeria’s digital economy saw a leap in FDI, rising from $22M in Q1 2023 to $191M in Q1 2024.

The surge reflects strategic reforms under President Bola Tinubu, with Q2 2024 also showing growth from $25M to $114M compared to the previous year.

Dr. Tijjani revealed plans to launch a $2B fibre optic project covering 90,000km by Q4 2025.

He also said, over 117,000 Nigerians have been trained under the 3MTT programme. He projected a GDP rise in the sector from 16% to 22% by 2025, boosting connectivity and economic growth.

The Minister highlighted AI and startup strides, including a Nigeria Startup House in San Francisco targeting $5B funding.

He also announced ₦300M investment in AI/blockchain agritech startups, 7,000 telecom towers for 98% coverage and zero Right-of-Way in 12 states.

Related Posts

Troops beat back ISWAP assault on Borno base, kill terrorists

Spread the love

Spread the loveOn Friday night, troops serving under Operation Hadin Kai successfully repelled a coordinated assault carried out by the Islamic State West Africa Province (ISWAP) against a Forward Operating Base (FOB)…

Army swears in 3,439 fresh recruits

Spread the love

Spread the loveNigerian Army has graduated over 3,439 recruits  from the Nigerian Army Training Depot in Zaria… The recruits, who are members of the 89 Regular Recruit Intake, completed six…

Leave a Reply

Your email address will not be published. Required fields are marked *