FG unlocks $600m to finance creative, digital enterprises
The Federal Government is unlocking over $600m in financing for Nigeria’s digital and creative industries to support businesses, attract private investment and expand the sectors’ contribution to the economy. Read More: https://punchng.com/fg-unlocks-600m-to-finance-creative-digital-enterprises/
The Federal Government has allocated more than $600 million in financing to bolster Nigeria's digital and creative industries, with the aim of attracting private investment and expanding the sectors' contribution to the economy. The initiative, known as the Investment in Digital and Creative Enterprises (IDiCE) program, will be managed by the Bank of Industry in partnership with development finance institutions.
The ministry targets young Nigerian entrepreneurs and businesses in various creative sectors, including technology, performing arts, film, literature, gastronomy, fashion, sports, gaming, crafts, design, and creative infrastructure. This move is part of President Bola Tinubu's administration's efforts to transform Nigeria's growing creative industry into a commercially viable enterprise capable of attracting both local and international capital.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
