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

FG inaugurates Tax reform committee

Spread the love

Spread the loveSwat Bako, Abuja. The Federal Government has inaugurated a Technical Subcommittee on Fiscal Policy and Tax Reforms to review the implementation of Nigeria’s new tax laws and prepare…

Zulum pledges office, land for Tax Ombud’s North-East headquarters

Spread the love

Spread the loveBorno State Governor Babagana Zulum has pledged office space and land to facilitate the establishment of the Tax Ombud’s North-East Zonal Headquarters in the state, aimed at bringing…

Leave a Reply

Your email address will not be published.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