FG Plans To Fund $5 Billion For Nigerian tech businesses in five years - Dr. Bosun Tijani

President Bola Ahmed Tinubu's administration intends to increase Nigerian technology capital to $5 billion in four years, according to Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy.

Additionally, he stated that in the upcoming four years, the federal government plans to train three million early to mid-career technical talent.

The federal government, according to him, is steadfast in its commitment to talent development.

"Our commitment to talent development is unwavering. We have set an ambitious goal to train three million early to mid-career technical talents over the next four years.

"These trainings will cover tech- enabled and tech-adjacent skills, core tech competencies, and advanced proficiencies. This holistic approach empowers our workforce to thrive in a constantly evolving technological landscape.

"Increase capital raised by Nigerian tech startups 50 per cent year-on-year from $1bn/yr in 2022 to $5bn/yr in 2027," he said.