The Federal Executive Council (FEC) has approved a plan to incentivise and further harness Nigeria’s digital innovation and entrepreneurship ecosystem. This followed the presentation by the Minister of Communications and Digital Economy, Isa Ali Pantami.
The approval will enable the implementation of strategies to encourage and support the development and growth of more innovation-driven enterprises (IDEs), which have the potential to create millions of jobs in the country.
It will also help to develop innovative solutions to societal problems, and rapidly grow as well as diversify the Nigerian economy, in line with the National Digital Economy Policy and Strategy (NDEPS) for a digital Nigeria.
A number of the proposed strategies resulted from recommendations that were made at an interactive forum held in February this year when the minister led a Federal Government delegation on a working visit to the Lagos digital innovation ecosystem.
The visit provided a useful platform for open and interactive discussions on the ecosystem’s pertinent challenges and interventions required from the government to enable the ecosystem to achieve its full potential.
