• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, March 28, 2023
Leadership News
Read in Hausa
  • Home
  • 2023 ElectionsLive
  • News
    • World News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • 2023 ElectionsLive
  • News
    • World News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result

Federal Govt, Partners Launch $618m Funding Programme For DigiTech, Creative Entrepreneurs

by Chinelo Chikelu
2 weeks ago
in Entertainment
Reading Time: 2 mins read
Osinbajo Condoles Dutse Emirate, Adebutu’s Family
Share on WhatsAppShare on FacebookShare on TwitterTelegram

The federal government via the Bank of Industry (BOI) and in partnership with the African Development Bank (AfDB), the French Development Agency (AFD) and the Islamic Development Bank (IsDB) has launched a $618m funding initiative titled Investment in Digital and Creative Enterprises (I-DICE).

The fund is targeted at promoting entrepreneurship and innovation amongst young people in the creative and digital technology industries. It will be channeled towards providing training, mentorship and funding to youths in both industries, with the BOI as the implementing agency that will coordinate the day-to-day activities of the project. 

Speaking at the initiative’s launch Vice President, Yemi Osinbajo said the time has come for Africa to take a coordinated approach towards innovation, scaling up investments on innovation, and creating the enabling environment as well as talent pipelines that will support the growth of innovation in the continent. 

Pleased with the AfDB’s contribution to the initiative, AfDB President, Akinwunmi Adesina noted that it will generate million of jobs for Nigeria’s youth. “The urgency of leveraging the implementation of I-DICE sustainable job creation and economic transformation is now,” said Adesina.

On her part, the Ambassador of France to Nigeria and ECOWAS, Emmanuelle Blatmann highlighting the great potential of both sectors to create jobs and spur the nation’s economy said the funding is targeted at supporting the young entrepreneurs and innovators who are moving the industry forward. 

Besides the funding of young entrepreneurs and innovators in the industries, I-DICE will also finance start-ups in the creative and digital technology industries, thereby help create sustainable employment opportunities while contributing to the development of Nigeria’s economy.

RELATED

BBTitans: Justin, Blaqboi, Thabang Evicted, 6 Housemates For Grand Finale 

BBTitans: Justin, Blaqboi, Thabang Evicted, 6 Housemates For Grand Finale 

2 days ago
Nigerian Celebrities Who Contested And Lost Elections

Nigerian Celebrities Who Contested And Lost Elections

2 days ago

Although a part of the initiative’s funding is expected to come from the private sector and institutional investors, the rest is generated through the pooling of resources from the four agencies. The AfDB providing – $170m, AFD – €100 euros ($116m), IsDB – $70m, and the BOI – $45m.   

ADVERTISEMENT

 

SendShareTweetShare

Previous Post

FCTA, RSDF Officials Brainstorm As School Sports Festival Kicks Off March 28

Next Post

Mo Abudu, Idris Elba Partner To Promote African Films, Television

Chinelo Chikelu

Chinelo Chikelu

YOU MAY LIKE

BBTitans: Justin, Blaqboi, Thabang Evicted, 6 Housemates For Grand Finale 
Entertainment

BBTitans: Justin, Blaqboi, Thabang Evicted, 6 Housemates For Grand Finale 

2 days ago
Nigerian Celebrities Who Contested And Lost Elections
Entertainment

Nigerian Celebrities Who Contested And Lost Elections

2 days ago
Africa Magic Viewers Choice Awards (AMVCA) To Hold In May
Entertainment

Africa Magic Viewers Choice Awards (AMVCA) To Hold In May

2 days ago
Next Post
Mo Abudu, Idris Elba Partner To Promote African Films, Television

Mo Abudu, Idris Elba Partner To Promote African Films, Television

ADVERTISEMENT

LATEST UPDATES

Oil Theft: Panel Submits Report, Cites Poor Metering System, Unworkable Security Arrangement

Oil Theft: Panel Submits Report, Cites Poor Metering System, Unworkable Security Arrangement

March 28, 2023
FIFA U-20 World Cup Draw Cancelled Amid Growing Opposition To Israel’s Participation

FIFA U-20 World Cup Draw Cancelled Amid Growing Opposition To Israel’s Participation

March 28, 2023
Buhari Congratulates President-elect Tinubu At 71

Buhari Congratulates President-elect Tinubu At 71

March 28, 2023
JUST-IN: 24 Die In Another Niger Auto Crash

JUST-IN: 24 Die In Another Niger Auto Crash

March 28, 2023
Terrorism In Sahel Region A Global Challenge – Osinbajo

Terrorism In Sahel Region A Global Challenge – Osinbajo

March 28, 2023
Calls For Interim Gov’t May Truncate Democracy, CSOs Warn

Calls For Interim Gov’t May Truncate Democracy, CSOs Warn

March 28, 2023
I Won’t Use ‘His Excellency’ Title, Says Katsina Governor-elect

I Won’t Use ‘His Excellency’ Title, Says Katsina Governor-elect

March 28, 2023
Appeal Court Disqualifies Akpabio As APC Senatorial Candidate   

Why We Endorsed Akpabio As Next Senate President – South-South Group

March 28, 2023

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • 2023 Elections
  • News
    • World News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.