AfDB, Islamic Bank, others invest $618m in digital programmes in Nigeria

The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing $618 million in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria.

The President of the AfDB, Akinwumi Adesina, said this at the Nigeria International Economic Partnership Forum on the sideline of the 77th United Nations General Assembly, New York.

Mr Adesina said the programme would support the creation of 225 creative start-ups and 451 digital technologies small and medium-sized enterprises (digital SMEs).

The AfDB president added that the enterprises would create 6.1 million jobs and add $6.4 billion to the economy.

“That is the power of international partnerships working for Nigeria. Investors must recognise this and invest.

“The future is not just digital, the future will be driven by digital revolution.

“Today, Nigeria has five of the seven unicorns in Africa and raised almost $1.4 billion of the total of four billion…

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