FG Supports ICT Startups To Diversify The Economy


The Nigerian government said it will continue to support ICT startups as a means of diversifying the country’s economy, which has been hugely dependent on oil.
The Acting Director General of the National Information Technology Development Agency (NITDA), Dr. Vincent Olatunji, stated this at the opening of the Aso Villa Demo Day event in Lagos. According to Olatunji, one of the agenda of the federal government is the diversification of the Nigerian economy through ICT innovation and entrepreneurship to reduce overdependence on oil revenue.


Dr. Vincent Olatunji, Ag. Director General ,NITDA rep Minister of Communications, Barr. Adebayo Shittu

Olatunji, who represented the Minister of Communications, Barr. Adebayo Shittu said the government is poised at promoting innovation, job creation, economic promotion through animated technology. “While technology has pioneered different positive changes in different sectors globally, knowledge to capitalize innovation is crucial for development as well as funding and sustainability,” he said.


He said the Aso Villa Demo Day event is the first of  its kind where the federal government is putting full support for ICT sector to grow enterprise, stressing it was the best time for the sector to put its best foot forward as the Federal Government is ready to strategically support ICT startups with the assistance of the Federal Economic Council
He added that the Federal Government believed that ICT sector will witness tremendous growth, in generating employment and wealth through the pitch as it is a great opportunity for shortlisted startups that will be presented to the presidency in Abuja for funding, mentoring and partnership with existing incubators in the country for positive impact on Nigerians.



Mojisola Alabi

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