Tuesday
December 21
2021

African Development Bank Approves USD $170 Million for Investment in Nigeria’s Digital, Creative Start-Ups

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of US$170 million to finance a digital and creative enterprises program in Nigeria.

The investment in Digital and Creative Enterprises Program (i-DICE) is a Federal Government of Nigeria initiative promoting investment in digital and creative industries. It is part of Nigeria’s efforts to build back better, greener, and more inclusively, to create more sustainable jobs for the teeming youthful population.

The program targets more than 68 million Nigerians aged 15 to 35 years who are recognized as leaders of innovative, early-stage, technology-enabled start-ups or as leaders of creative sector micro, small and medium sized enterprises. The program is co-financed by the Agence Française de Développement (AFD) and the Islamic Development Bank (IsDB).

Photo courtesy of HP+.

Source: Taarifa (link opens in a new window)

Categories
Education, Entrepreneurship
Tags
business education, entrepreneurship, loan, SMEs, social innovation, startups, sustainability, technology