Nigeria: Innoson Group Partners Chinese Consortium to Invest $1bn in Nigerian It Sector

24 October 2016

The federal government's initiative to attract foreign investments into the country is beginning to yield results, just as Innoson Group is partnering a consortium of Chinese investors to invest a whopping $1 billion into Nigeria's information technology (IT) sector.

The investment plan includes $400 million, which will be invested in Nigeria's Digital Switch Over (DSO) project that has to do with the country' migration from analogue to digital broadcasting by 2017, using the Digital Satellite TV Station and an additional $600 million covering other important sectors.

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