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FG targets extra tech hubs for financial development

The Federal Government has mentioned that technology hubs are important to the nation’s economic development as they may allow start-ups to flourish.

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, made this disclosure at a breakfast meeting of the US Nigeria Council for Food Security, Trade and Investment held on the sidelines of the just-concluded 74th United Nations General Assembly in New York, United States.

Adebayo charged international investors to explore and strengthen the nation’s Information Communication and Technology sector in a bid to build a robust digital economic system.

The minister assured the 40-key members of the USNC that the current administration under President Muhammadu Buhari was dedicated to creating an enabling environment for technology start-ups to flourish within the nation.

According to him, government is doing its best, saying it has been launching different technology hubs within the nation to attain digital economic system.

He added that assets would play a important function in reaching a digital economic system and technology-based nation.

Adebayo mentioned, “We should create the governmental environment that may help these technology start-ups to flourish. The federal government is helping to launch a number of technology hubs and it’s vital we put extra resources into this.”

For the Chairman of the USNC, Ambassador Terence McCulley, the focus of the breakfast meeting was strengthening Nigeria’s digital economic system by allowing the US investors to focus on the Nigerian market to invest in the nation’s ICT and start-ups sector to be able to boost the economic system.

According to him, Nigeria’s digital and ICT sector needs international funding to develop and attain a technology-driven economic system, including, “Foreign investment is important to constructing the technology ecosystem in Nigeria.”

Also talking on the occasion, a former Governor of the Central Bank of Nigeria and Emir of Kano, Muhammadu Sanusi II, explained that developmental impact when it comes to innovation from technology and corporate venture partnerships were important to the nation’s economic development.

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