By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Fresh FM Nigeria| Keeping you fresh all dayFresh FM Nigeria| Keeping you fresh all dayFresh FM Nigeria| Keeping you fresh all day
  • Home
  • News
  • Metro Plus
  • Politics
  • Entertainment
  • Sports
    • Livescores
    • EPL Table & Fixtures
    • LA Liga Table & Fixtures
    • Bundesliga Table & Fixtures
    • Serie A Table & Fixtures
    • Ligue 1 Table & Fixtures
  • Health
  • World
Reading: $618m Invested In Nigeria’s Digital Programme By AfDB And Other Agencies
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Fresh FM Nigeria| Keeping you fresh all dayFresh FM Nigeria| Keeping you fresh all day
  • 102.9 AKURE
  • 104.9FM OSOGBO
  • 105.3 LAGOS
  • 105.9FM IBADAN
  • 106.9FM ADO
  • 107.9 ABEOKUTA
Search
  • Home
  • News
  • Metro Plus
  • Politics
  • Entertainment
  • Sports
    • Livescores
    • EPL Table & Fixtures
    • LA Liga Table & Fixtures
    • Bundesliga Table & Fixtures
    • Serie A Table & Fixtures
    • Ligue 1 Table & Fixtures
  • Health
  • World
Have an existing account? Sign In
Follow US
© 2022 Fresh FM Nigeria. All Rights Reserved.
Fresh FM Nigeria| Keeping you fresh all day > Blog > News > $618m Invested In Nigeria’s Digital Programme By AfDB And Other Agencies
News

$618m Invested In Nigeria’s Digital Programme By AfDB And Other Agencies

Fresh News
Last updated: September 23, 2022 11:35 AM
Fresh News
Share
3 Min Read
SHARE

The African Development Bank, Islamic Development Bank, and the French Development Agency are investing $618 million in digital programmes in Nigeria.

The programme, which is coined Digital and Creative Enterprises Program in Nigeria, will support the creation of 225 creative start-ups and create 6.1 million jobs.

The AfDB president, Akinwumi Adesina, disclosed this on Thursday during the Nigeria International Economic Partnership Forum, at the sidelines of the United Nations 77th General Assembly in New York, United States.

A copy of Adesina’s speech, made available to our correspondent, also revealed that the digital programme will add $6.4 billion to the economy.

In his speech, Adesina wooed world leaders on investments in Nigeria as he highlighted some successful industries in the country including Nollywood and fintechs.

Adesina said, “Nollywood, Nigeria’s film industry, is estimated at $7.2 billion today, and has become the second largest movie industry in the world, after Hollywood. Investors must recognise this and invest.

“That’s why the African Development Bank, together with the Islamic Development Bank and the French Development Agency are investing $618 million in the Digital and Creative Enterprises Program in Nigeria.

“The program will support the creation of 225 creative start-ups and 451 digital technologies small and medium sized
enterprises. They will create 6.1 million jobs and add $6.4 billion to the economy.

“That is the power of international partnerships working for Nigeria. The future is not just digital; the future will be driven by digital revolution.

“According to estimates by McKinsey, the number of tech startups in Africa has increased by three-fold to reach 5,200 companies, with half of those being fintech companies.

“Today, Nigeria has 5 of the seven unicorns in Africa and raised almost $ 1.4 billion of the total of $4 billion raised by Fintech companies across Africa in 2021.

“When you think of financial services digital innovations, think Nigeria, with Flutterwave, OPay, Andela and Interswitch holding the status of unicorn companies, worth at least $1 billion each.

“Nigeria holds today impressive investments that are global references. The newly constructed $19 billion Dangote petrochemical and fertilizer complex (the world’s largest ammonia plant) in the free trade zone, with new deep seaport, is exactly the kind of massive infrastructural and industrial manufacturing that is needed to make Nigeria a regional and global player in gasoline, diesel and aviation fuel, and fertilizer value chains.

“Yes, Nigeria has several challenges, but Nigeria remains an attractive investment destination.”

Related

You Might Also Like

14 women out of 114 Nobel Literature Prize laureates

FG will address decline in school enrollment – Minister

Kanu: Security Operatives Out Of Sight As IPOB Shuts Down Anambra.

[Kanu’s escape] Court order prosecution of Fani-Kayode, Abaribe, others

Wike- Why My Relationship With Odili Is No Longer Smooth

TAGGED:African Development Bank (AFDB)Akinwumi AdesinaFrench Development AgencyIslamic Development BankNigeria’s Digital Programme

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Copy Link
What do you think?
Love0
Sad0
Happy0
Angry0
Wink0
Surprise0
Previous Article Lawyer Arrested For Assaulting Orderly Who Refused To Do House Chores
Next Article NLC Mandates FG To Immediately Pay Hazard Allowance To Health Workers
Leave a Comment

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow

Latest News

Police Arrest Woman For Stabbing Co-wife To Death In Katsina
Metro Plus
May 26, 2025
Guardiola Debunks Resignation Rumours
Sport
May 23, 2025
Abiola’s Wife Praises Tinubu For Nigeria’s IMF Debt Settlement
News
May 23, 2025
I Have No Presidential Ambition In 2027 – Yahaya Bello
News
May 23, 2025

You Might also Like

News

ICYMI- Kolawole Most Qualified To Fly PDP Flag In Ekiti —Ayu

February 2, 2022
News

Enugu Police kill suspected IPOB member, recover arms

October 23, 2023
NewsWorld

Osinbajo, UK ex-Prime Minister Tony Blair meet at Aso Villa

April 5, 2019
News

FG: delists 37 illegal Loan apps.

September 12, 2023
//

Fresh FM Nigeria is a commercial radio station operating in Oyo, Lagos, Osun, Ondo, Ekiti, Ogun State and with a reach extending to other parts of Nigeria. It is the brainchild of renowned Entertainer, Yinka Ayefele (MON), and is positioned to promote, complement and revamp the entertainment and lifestyle sphere in Nigeria.

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Quick Link

  • About
  • Contact
  • Careers
  • Privacy Policy
  • Disclaimer
Fresh FM Nigeria| Keeping you fresh all dayFresh FM Nigeria| Keeping you fresh all day
Follow US
© 2025 Fresh FM Nigeria. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • http://stream.zenolive.com/e9x2n97b9uduv
  • Fresh 105.9 FM Ibadan
  • Fresh FM Nigeria
  • http://stream.zenolive.com/qk2ygqywk9duv
  • Fresh 107.9 FM Abeokuta
  • Fresh FM Nigeria
  • https://stream.zeno.fm/4qmtcx9an0quv
  • Fresh 106.9 FM Ekiti
  • Fresh FM Nigeria
  • https://stream.zeno.fm/b54ycnq7cy8uv
  • Fresh 104.9 FM Osogbo
  • Fresh FM Nigeria
  • http://stream.zeno.fm/fgcaapesa78uv
  • Fresh 105.3 FM Lagos
  • Fresh FM Nigeria
  • https://stream.zeno.fm/0ygcnfpta78uv
  • Fresh 102.9 FM Akure
  • Fresh FM Nigeria
No HTML5 audio playback capabilities for this browser. Use Chrome Browser!
ALL RADIO STATIONS
1. Fresh 105.9 FM Ibadan
2. Fresh 107.9 FM Abeokuta
3. Fresh 106.9 FM Ekiti
4. Fresh 104.9 FM Osogbo
5. Fresh 105.3 FM Lagos
6. Fresh 102.9 FM Akure