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AfDB, Other Financial Bigwigs Invest In Nigeria's Digital Plan

The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are set to invest U.S.$618 million in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria.

The President of the AfDB, Akinwumi Adesina, in his address at the Nigeria International Economic Partnership Forum on the sideline of the 77th UN General Assembly, said the programme would support the creation of 225 creative start-ups and 451 digital technologies small and medium-sized enterprises (digital SMEs).

The AfDB president added that the enterprises would create 6.1 million jobs and add U.S.$6.4 billion to the economy.

Adesina further said the bank, the International Fund for Agricultural Development and the IsDB had provided U.S.$540 million to develop special agro-industrial processing zones to help unlock the agricultural potential in Nigeria.

InFocus

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