ADVERTISEMENT
TechEconomy
Thursday, June 5, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Nigerian Government to Assist Startups Raise Funding to $5Bn by 2027

Nigerian Government to Assist Startups Raise Funding to $5Bn by 2027

The plans also include helping the ecosystem improve access in rural areas by at least 40 per cent, and equip three million Nigerians with tech skills in four years.

Techeconomy by Techeconomy
October 3, 2023
in StartUPs
0
Bosun Tijani and ATCON, startups, Responsible Data Management Course
Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy.

Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy.

RelatedPosts

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

June 4, 2025

Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

June 4, 2025

Federal government of Nigeria has unveiled plans aimed at helping startups raise their yearly funding rounds to five billion United States dollars ($5bn) by 2027.

The plans also include helping the ecosystem improve access in rural areas by at least 40 per cent.

This will also equip three million Nigerians with tech skills over the next four years.

Dr. ‘Bosun Tijani, minister of Communications, Innovation, and Digital Economy, on Monday, disclosed this while outlining his plan for the ministry, in a document tilted, ‘Accelerating our collective prosperity through technical efficiency: A strategic plan for the Federal Ministry of Communications, Innovation & Digital Economy’.

Bosun Tijani Unveils Four Year Blueprint for Ministry of Communications, Innovation and Digital Economy
Advertisements
MTN ADS
Source: Bosun Tijani/LinkedIn

Tijani highlighted that in today’s global technology landscape, innovation, entrepreneurship, and access to capital were critical components of a strong digital economy.

He stated that the primary objective of the ministry on this would be to stimulate the growth and sustainability of startups, with a specific focus on those developing innovative solutions for critical sectors of the economy.

The minister said,

“Recognising the critical role of patient capital in the growth of startups, we are committed to increasing the local availability of patient capital. Our intent is to create an environment for startups to raise the funding they require to thrive locally and promote the domiciliation of startups within our nation.”

Describing how the ministry would measure if its plan were working, he added, “Increase capital raised by Nigerian tech startups 50 per cent year-on-year from $1bn/yr in 2022 to $5bn/yr in 2027.”

Amid a funding drought, Nigerian startups raised $1.2bn in 2022, according to Africa The Big Deal (an African funding data insight firm). African startups raised $5.4bn according to Briter Bridges in 2022.

According to the minister, equipping talents with knowledge that can influence the generation of innovations and technologies that drive economic growth, expand the talent pool to drive competitiveness, improve productivity, and inform evidence-based policymaking is crucial.

He said;

“Our commitment to talent development is unwavering. We have set an ambitious goal to train three million early to mid-career technical talents over the next four years. These trainings will cover tech-enabled and tech-adjacent skills, core tech competencies, and advanced proficiencies. This holistic approach is designed to empower our workforce to thrive in a constantly evolving technological landscape.”

Tijani noted that the government’s aim was to retain at least 1.5 million of the trained talents within its local talent pool and facilitate opportunities for the other 1.5 million to excel in the global talent marketplace, preferably through remote opportunities.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: African startupsBosun Tijanistartups
Previous Post

Innbucks Expands Services to Offer Remittances From South Africa

Next Post

Stitch’s Goal of Digitizing Africa’s Financial Sector Receives $25 Million Boost

Techeconomy

Techeconomy

Related Posts

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience
StartUPs

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

by Joan Aimuengheuwa
June 4, 2025
0

Glance, the consumer technology company backed by Google has launched an integrated lock screen version of Glance AI, an AI...

Read more
Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

June 4, 2025
Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

June 3, 2025
BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

June 2, 2025

LuminX Closes $5.5M Round to Scale Edge AI for Smarter Warehousing

June 2, 2025
Top U.S. Cities Where Tech Professionals Earn Over $100k

Top U.S. Cities Where Tech Professionals Earn Over $100k

June 2, 2025
Next Post
Stitch

Stitch’s Goal of Digitizing Africa's Financial Sector Receives $25 Million Boost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.