Nigeria’s Vice President, Professor Yemi Osinbajo, has launched a $600 million program for young Nigerians in the technology and creative industries.
While addressing the people in attendance during the launch, Osinbajo said the initiative is targeted at young Nigerians between the ages of 15 and 35 that are starting up innovative, creative, and technologically enabled businesses.
He added that Nigeria’s technology ecosystem accounts for over 30 percent of funded ventures in Africa with 180 businesses.
He urged governments in Africa and the organized private sector to support the expansion of innovation on the continent.
He said: “It is now imperative to commence a coordinated approach towards innovation on the continent, bringing together all stakeholders to coordinate efforts at scaling up investments and building programmes that provide the right enabling environment and produce talent pipelines that support the growth of innovation on the continent.”
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