FG activates N240bn ADB facility for tech, creative sectors

FG activates N240bn ADB facility for tech, creative sectors – In an unprecedented move to the reef entertainment, creativity and technology sectors in the country, the Bukhari administration has now begun a process, which will pump sectors with over 200b Nigeria’s financing and investment set to take off by the end of the year.

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An established source published over the weekend that funding that is special of $ 500 million has been issued by AfDB is the prospect of exploiting the potential of Nigeria’s creative and technology industries.

According to the sources for the $ 500 million fundraising in support of the so-called Nigeria Innovation Program (NIP) is currently underway even with a report of the AfDB’s initial project funding proposal and other sponsors presented to the Vice President in a few days ago.

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Confirming the meeting, Mr Laolu Akande, Special Adviser on Media and Publicity in the Presidency said it was a public knowledge that the Vice President, Prof. Yemi Osinbajo had publicly spoken about the $ 500m applications. He added that details of how the bag will work will be discussed on Thursday at a meeting chaired by the VP which included the current cabinet ministers, a representative of the African Development Bank (AfDB), among other sponsors.

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