The Federal Government of Nigeria has unveiled an ambitious Digital Economy Plan aimed at driving technological innovation and economic diversification. Spearheaded by the Ministry of Communications, Innovation, and Digital Economy, the plan seeks to raise $5 billion in capital for startups over five years and train three million tech professionals.
The initiative encompasses various programs designed to support innovation hubs, foster public-private partnerships, and improve digital infrastructure nationwide. One of the key highlights is the “Tech for All” initiative, which aims to provide internet access to 50 million underserved Nigerians by 2030.
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Minister of Communications Dr. Bosun Tijani emphasized the importance of digital skills training in a recent statement. He noted that “the future of work is digital,” urging Nigerians to embrace opportunities in tech-driven industries. The ministry has partnered with global organizations such as Google and Meta to provide free coding and digital marketing courses for Nigerian youths.
Critics, however, have raised concerns about funding transparency and the sustainability of the initiatives. Addressing these issues, the government announced the creation of an independent oversight body to ensure accountability and monitor progress.
With robust implementation, experts believe the Digital Economy Plan could significantly boost Nigeria’s GDP, foster innovation, and reduce unemployment among the country’s youth.
