FG to begin investing $617.7m in digital and creative businesses in November

Vice President Kashim Shettima has instructed the team responsible for overseeing Investment in Digital and Creative Enterprises (i-DICE) to guarantee that the initiative launches prior to the end of November.

At a meeting in the Presidential Villa in Abuja on Friday, Shettima received an update on the status of the project from the i-DICE team and issued the instruction.

He emphasized that the administration suggested launching the $617.7 million i-DICE Investment program in November 2023 and that President Bola Tinubu’s administration was committed to fulfilling its pledge to generate millions of employment in Nigeria’s technology sector.

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Shettima emphasized the initiative’s significance to the Federal Government’s effort to create digital employment and stated that the government was committed to keeping its pledges to Nigerians.

He consequently asked all of the i-DICE program’s partners to make sure that the monies are used wisely.

The $617.7 million plan, in his opinion, has the potential to revolutionize the game.

“To address the crises associated with youth unemployment, we must create jobs for our teeming youths due to the unique challenges our nation faces.”

“I’m calling on everyone present to band together and make sure that this initiative gets off the ground by this coming November at the latest.

“I’d like to receive a weekly report on the efforts being made to get this initiative off the ground.

To ensure inclusion, we also need to go out and encompass the whole nation.

“The intended effect and expected benefits will be enormous if we use these funds wisely.”

The Vice-President gave the technical committee, program staff, and foreign partners his word that they would get all necessary assistance.

We are talking business here; President Bola Tinubu, my employer, is fervently committed to our nation’s change.

Vice President Shettima stated, “Therefore, you don’t need to be concerned about the government’s support.”