Nigeria’s communications minister announces ICT Development Bank

Nigeria’s communications minister, Adebayo
Shittu, strongly believes that the creation of an ICT Development Bank
would ensure that Nigerian ICT innovators are financially supported.
He disclosed this in Bayelsa while speaking at the Bayelsa Ecosystem and Ignition Week.
Speaking glowingly of the idea, the
minister said it would make commercial banks to less interesting to tech
entrepreneurs since the former are still reluctant to support startups
with financing.
This culture with commercial banks, the
minister said, is responsible for the delay or abandonment of great
innovative ICT projects in Nigeria.
“The ICT Development Bank reflects the
federal government’s awareness of the inescapable nature of innovation
in the growth of the ICT industry, on which part of the country’s growth
will depend in the course of time. coming years. Only by supporting
tech entrepreneurs will the country become a hub for ICT innovation,
attract more investors, create more jobs and wealth,” the minister said.
Source: TechCity

Find this post informative or interesting? Then share and comment your thought. Don’t forget to Subscribe to our updates by email or with your favorite browser.

Leave a Reply

Your email address will not be published.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