Connect with us

News

FG TO LAUNCH $617M INVESTMENT IN DIGITAL, CREATIVE ENTERPRISES PROGRAMME

Published

on

FG TO LAUNCH $617M INVESTMENT IN DIGITAL, CREATIVE ENTERPRISES PROGRAMME

…VP Shettima directs technical committee to ensure inclusivity

By: Our Reporter

Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu’s administration has proposed November 2023 to launch the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme.

To ensure this unfolds into a reality, Vice President Kashim Shettima has given marching orders to members of the i-DICE Steering Committee, tasking them to make sure the programme starts before the end of November this year.

The VP gave the directive on Friday when the i-DICE team gave him an update on the progress made so far during a meeting at the Presidential Villa, Abuja.

At the meeting, Sen. Shettima emphasised the importance of the initiative to Federal Government’s digital jobs drive, saying the administration is keen on delivering on its promises to Nigerians.

Accordingly, he urged all partners in the i-DICE programme to ensure judicious utilisation of the funds, noting that the $617.7 million scheme could be a game changer.

The Vice President stated: “The peculiarity of the challenges we face in the country demands that we have to create jobs for our teeming youths to address the crises associated with youth unemployment. I want to appeal to all of us here to unite and see that this programme takes off latest by the end of November this year.

“I am interested in getting a weekly update on what is being done to kick-start this programme. We also need to spread out to cover the whole country so that there is inclusivity. If we judiciously utilise these funds, the target impact and anticipated benefits will be immense.
“I want to assure the technical committee, all those working on this programme and our international partners, that you will get all the support that you will need. We mean business. My boss, President Bola Tinubu, is passionate about the transformation of this country. So, you have nothing to worry about the government’s support”.

Speaking with State House correspondents shortly after the meeting, Minister of Finance, Mr Wale Edun described the project as “very key to the promise of His Excellency, President Bola Ahmed Tinubu, particularly to the youth, for the creation of 1.2 million digital jobs.

“This $617 million project will go a long way to achieving the President’s priorities on job creation and economic growth, particularly inclusivity. One of the major elements is going to have 50% participation by women,” he added.

On his part, Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijjani, said the scheme is a unique opportunity.

He noted: “The Nigerian technology and creative ecosystem has been doing well and is the best on the continent. We actually want to be a leader globally. And there’s no other way to do that than investing in the technology startups that are building these solutions.

“So, the government is putting its skin in the game to say ‘we want to support; we want to see more local confidence building’. And there’s no other way to show that than by putting money in some of the startups.”

For his part, the Managing Director of the Bank of Industry, Mr Kayode Pitan, hinted that the Vice President gave them marching orders to start by next month.

He said, “The Investment in Digital and Creative Enterprises (i-DICE) Programme programme is actually a $617 million programme. The funding has been concluded with African Development Bank (AfDB), the French Development Agency (AFD) and the Islamic Development Bank (IsDB).

“BOI (Bank Of Industry) also will put in some part of that funding. It will cover the digital area, the creative area and entertainment area, especially the areas that the youth are interested in. So, this is actually for the youths – people below 35. We have some grants, we have some loans. There’s some equity, and for the startups, government is hoping that some new unicorns are going to emerge from this particular programme”.

Also present at the meeting were the Ministers of Science and Technology Innovation, Mr Uche Nnaji; Industry Trade and Investment, Dr. Doris Uzoka-Anite; Arts, Culture and Creative Economy, Hajiya Hannatu Musawa, among others.

FG TO LAUNCH $617M INVESTMENT IN DIGITAL, CREATIVE ENTERPRISES PROGRAMME

Continue Reading
Click to comment

Leave a Reply

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

News

PEBEC Commends FRSC on Nationwide Clearance of Driver’s Licence Backlog

Published

on

PEBEC Commends FRSC on Nationwide Clearance of Driver’s Licence Backlog

By: Michael Mike

The Presidential Enabling Business Environment Council (PEBEC) has commended the Federal Road Safety Corps (FRSC) for the improvement in the issuance of driver’s licences nationwide and clearance of the backlog.

A statement on Wednesday by Director General, Presidential Enabling Business Environment Council (PEBEC), Princess Zahrah Mustapha Audu acknowledges the prompt and comprehensive actions taken by the FRSC in response to service delivery concerns regarding delays in the production of driver’s licences nationwide.

The statement read: “Following PEBEC’s formal communication on November 7, 2025, the FRSC initiated a full internal review and identified the delays within the national driver’s licence production system. PEBEC commends the Corps for swiftly restoring system functionality and implementing enhanced monitoring mechanisms to prevent future disruptions.

“The Council welcomes FRSC’s successful clearance of accumulated backlogs and its increase in daily production capacity to 15,000 licences, an important milestone in improving service efficiency. Of particular significance is the FRSC’s introduction of the Contactless Biometric Capture System, a forward-looking innovation that aims to deliver permanent driver’s licences within 48 hours, effectively eliminating the need for temporary licences. This aligns strongly with PEBEC’s mandate to drive regulatory efficiency, enhance transparency, and improve citizen experience in public service delivery.”

“PEBEC encourages all applicants whose licences have been produced to visit FRSC centres nationwide and pick up their permanent driver’s licences, in line with the nationwide sensitization campaign by FRSC for the collection of over 294,000 unclaimed licences. This will help decongest service centres, improve turnaround times, and support the Corps’ ongoing efforts to enhance operational efficiency,” the statement added.

“The Council reiterates its commitment to collaborating with Ministries, Departments, and Agencies (MDAs) to ensure seamless, responsive, and business-friendly service delivery across Nigeria,” the statement further stated.

PEBEC Commends FRSC on Nationwide Clearance of Driver’s Licence Backlog

Continue Reading

News

IPOB staged video in attempts to frame herders, incite genocide narrative

Published

on

IPOB staged video in attempts to frame herders, incite genocide narrative

By: Zagazola Makama

A controversial video circulating on social media has triggered outrage over a “staged attempt to weaponise disinformation, incite ethnic tension and portraying peaceful herder communities as Boko Haram extremists in Nigeria’s South East

The video, which purportedly shows “Boko Haram with arms” issuing threats in Hausa, has been dismissed by multiple security sources, community leaders and conflict monitors as inauthentic and deliberately crafted to mislead the public and international community.

The individuals in the clip neither speak with the accent typical of Boko Haram or ISWAP fighters, nor display the mode of presentation associated with jihadist groups in the North East.

Instead, the attackers’ heavily disguised faces, awkward staging, and inconsistent speech patterns strongly suggest that the recording may have been produced by elements of the proscribed Indigenous People of Biafra (IPOB), allegedly attempting to portray themselves as Fulani or northern extremists.

The objective of such fabrications is twofold: to demonise peaceful pastoralist communities in the South East, and to build false evidence for international audiences by claiming that “genocide” is being committed against Igbo people by Muslim groups despite a lack of credible evidence supporting such claims.

A senior security analyst who has monitored separatist activities in the region described the video as “another poorly staged propaganda material designed to mislead Nigerians and deepen ethnic suspicion.”

According to him, Boko Haram and ISWAP cells have never produced videos with their faces tightly covered in the manner seen in the clip, nor do they speak with the accent heard.

“The mannerisms, language delivery and the entire setup clearly do not align with Boko Haram or ISWAP’s media signatures,” he said. “These are not Fulani herders, nor northern extremists Boko Haram. This was engineered for propaganda purposes.”

Sources in the South East also note that violent attacks in the region over recent years burning of police stations, targeted killings, extortion, enforcement of illegal sit-at-home orders have largely been carried out by IPOB’s armed wing, the Eastern Security Network (ESN). Yet some of these incidents have been blamed on Fulani communities to sustain a dangerous narrative of ethnic persecution.

Such deceptive tactics risk escalating tensions between ethnic groups and misleading international observers into misunderstanding Nigeria’s complex security landscape.

“This is how dangerous precedents are set,” a northern pastoralist leader said. “We have suffered enough from false accusations. Videos like this are used to justify hatred, violence and calls for international intervention based on propaganda.”

Misinformation especially videos staged to impersonate other groups has become a growing tactic among violent non-state actors seeking sympathy, legitimacy or international attention.

As investigations continue, authorities urge the public to verify information before sharing, noting that propaganda remains one of the most potent weapons used by extremist groups to inflame divisions.

IPOB staged video in attempts to frame herders, incite genocide narrative

Continue Reading

News

President Tinubu’s Reforms Massively Opening New Investment Opportunities, Says VP Shettima

Published

on

President Tinubu’s Reforms Massively Opening New Investment Opportunities, Says VP Shettima

*Assures Abu Dhabi – Beijing Consortium of economic stability, transparency

By: Our Reporter

The Vice President, Senator Kashim Shettima, has restated Nigeria’s readiness to do business with the rest of the world, saying that the ongoing reforms undertaken by the administration of President Bola Ahmed Tinubu across different sectors are opening new opportunities for investment.

“There is no better time to invest in Nigeria. You have come at the right time, where we have been blessed with committed leadership,” he declared.

The Vice President stated this on Tuesday when he received a delegation from the Advanced Energy Partners (AEP) led by chairman of the consortium, Senator Abu Ibrahim, on a courtesy visit to the Presidential Villa.

Senator Shettima, who outlined the abundant resources and potentials across Nigeria, said the Tinubu administration, through specific policies and interventions, is creating the enabling environment for the economy to grow and attract foreign direct investments.

“Be rest assured that you have invested your trust in the right nation. Nigeria is ready for business. We have crossed the Rubicon and are now on the path of sustainable development,” he told the delegation.

Earlier, leader of the delegation, Senator Abu Ibrahim, said the team was on ground in Nigeria to, among other things, explore major opportunities for investment in the upstream oil industry and sectors of the economy.

For his part, the Vice President of China North Industries Corporation (NORINCO), Mr QIANG Wenyu, said the visit was in furtherance of an earlier meeting with President Tinubu in September 2024 in Beijing, just as he reiterated the company’s commitment to collaborating with Nigerian partners in key sectors of the nation’s economy.

He said the company was prepared to fulfill its earlier pledge to deepen cooperation and expand its operations in Nigeria, noting that “for the past one year, we have been acting on that.”

He listed NORINCO’s core areas of operations to include energy, oil & gas, defence industries and mining, among others, noting that the company’s annual turnover grew last year to $30 billion, maintaining a strong reputation in its core fields of operations.

For her part, the CEO of Horizon Energy Abu Dhabi, Ms. Mahra Rashed Al Suwaidi, applauded the leadership of President Tinubu, attributing the company’s renewed interest to invest in Nigeria to the country’s current leadership.

She added that the firm’s confidence in the current administration is reflected in the management of key institutions, including the Nigerian National Petroleum Company Limited (NNPC), among others.

In the same vein, the UAE Ambassador to Nigeria, Salem Saeed Musabbeh Al Shamsi, urged the consortium to waste no time in investing in Nigeria, describing the country as the “right place” for foreign investment.

Noting that the Tinubu administration is the “right government,” he said it has strengthened Nigeria’s economic and bilateral ties with the UAE, leading to non-oil trade between both countries amounting to $4.3 billion in 2024.

Also present at the meeting were the CEO of AEP, Mr Shakiru Olayinka; Mr Abiye Membere from AEP; Mr HU Keyu from China Zhenhua Oil Corporation; Mr XU Yongfeng from Beijing Auxin Chemical Technology Corporation, and Mr LIANG Hongda from NORINCO African Dept, among others.

President Tinubu’s Reforms Massively Opening New Investment Opportunities, Says VP Shettima

Continue Reading

Trending

Verified by MonsterInsights