• Latest
  • Trending

FG Sets Aside N10Bn For Young Innovators, With Presidential Council on Digital Innovation and Entrepreneurship Underway

October 20, 2022
Bitcoin Boosted By Investors Fears To A 9-Month High

Bitcoin Boosted By Investors Fears To A 9-Month High

March 21, 2023
Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

March 21, 2023
MTN, PAU Call For Applications Into Media Innovation Programme

MTN, PAU Call For Applications Into Media Innovation Programme

March 21, 2023
Ericsson, MediaTek Boost 5G Options With Flexible Carrier Aggregation Solution

Ericsson, MediaTek Boost 5G Options With Flexible Carrier Aggregation Solution

March 21, 2023
First NCC TELCARE Center For Consumers Starts Operation At Abuja Airport

First NCC TELCARE Center For Consumers Starts Operation At Abuja Airport

March 21, 2023
Financial Regulator In Taiwan To Handle Crypto Matters

Financial Regulator In Taiwan To Handle Crypto Matters

March 20, 2023
Samsung, Vivo, Pixel Users Beware of These 18 Serious Exploits – Google

Samsung, Vivo, Pixel Users Beware of These 18 Serious Exploits – Google

March 20, 2023
OPPO Mid-Range Smartphone, Reno8T, Now Available In Nigeria

OPPO Mid-Range Smartphone, Reno8T, Now Available In Nigeria

March 20, 2023
Interswitch Boss Bags West Africa Entrepreneur of The Year Award

Interswitch Boss Bags West Africa Entrepreneur of The Year Award

March 20, 2023
SEACOM Now Rides On Equiano Subsea Cable For Services

SEACOM Now Rides On Equiano Subsea Cable For Services

March 17, 2023
Deploying Green Energy Will Reduce Telecom Infrastructure Cost By 20% – NCC

Deploying Green Energy Will Reduce Telecom Infrastructure Cost By 20% – NCC

March 17, 2023
Drone Service, Zipline Unveils New, Quiet, Autonomous Precise Home Delivery System

Drone Service, Zipline Unveils New, Quiet, Autonomous Precise Home Delivery System

March 17, 2023
EBusiness Life
Wednesday, March 22, 2023
Newsletter
Contact Us
  • Home
  • NewsBytes
    • Agrictech
    • Cybersecurity
    • e-Politics
    • Entertainment
    • Fintech
    • Foreign News
    • Local News
    • Social Media
    • StartUps
    • State News
  • Big Issues
  • Columns
    • Contributions
    • eScope
    • Inside Issues
  • Cyberparenting
  • Tech Talk
    • Innovations
    • World of Sc & Tech
  • Gadget Review
    • Phones
    • Laptops
    • Accessories
  • Interviews
  • Events
  • PhotoNews
  • Archives
  • Digital Edition
No Result
View All Result
E-Business Life
No Result
View All Result

FG Sets Aside N10Bn For Young Innovators, With Presidential Council on Digital Innovation and Entrepreneurship Underway

by Admin
October 20, 2022
in NewsBytes
Reading Time: 2 mins read
A A
0

The Nigeria Federal government has set up N10 billion investment fund for young innovators, while making provision for incentives and tax holidays to encourage local innovators.

The Minister of Communication and Digital Economy, Prof. Isa Ibrahim Pantami disclosed this while briefing State House correspondents at the Presidential Villa, Abuja after President Muhammadu Buhari signed into law the Nigeria Startups Bills on Wednesday.

YOU MAY ALSO LIKE

Bitcoin Boosted By Investors Fears To A 9-Month High

Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

He said in recognition of the efforts of the Nigerian government in the Information Communication Technology (ICT), Microsoft has decided to train about five million Nigerians on high demands skills geared towards job creation. This was fallout of recent investment meeting between the Ministry of Communications and Digital Economy, led by Pantami, and Microsoft.

He said the ICT contributed 18.42% to the Gross Domestic Product (GDP) this year alone, while the entire contribution of Communication and Digital Economy was 40%.

He explained that the new Act was an Executive Bill initiated by President Buhari through the collaboration of the Minister of Communication and Digital Economy and the Office of the Chief of Staff to the president.

According to him, before the passage of the bill, young innovators from the six geo-political zones of the country were engaged, and the Act provides the legal and strategic framework for the innovators to make their contributions to the country.

He said that out of the seven unicorns in Africa, five are from Nigeria, adding that a market value of each unicorn worths $1billion. A unicorn, he explained, is a privately held startup company valued at over US$1 billion.

The Minister said there will be a Presidential Council on Digital Innovation and Entrepreneurship to be chaired by the President, while the Vice President will serve as the vice chairman. The Council will have membership from the government and private sectors as well as representatives from the academia.

The Council under the chairmanship of the President would help to curb the incessant harassment of the youths with laptops computers by the security agencies who are always tagged as ‘yahoo-yahoo boys,’ Pantami said.

Share this:

  • Tweet
  • WhatsApp
  • Telegram
ShareTweetSendShareShareBookmark

Leave a Reply Cancel reply

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

Search

No Result
View All Result

Recent News

Bitcoin Boosted By Investors Fears To A 9-Month High

Bitcoin Boosted By Investors Fears To A 9-Month High

March 21, 2023
Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

March 21, 2023
MTN, PAU Call For Applications Into Media Innovation Programme

MTN, PAU Call For Applications Into Media Innovation Programme

March 21, 2023

Ebusiness Life

Ebusiness Life is news Tech company. We give you latest updates on Tech News and other tech related news.

Join our mailing list and get latest updates.

Check your inbox or spam folder to confirm your subscription.

Popular Posts

Bitcoin Boosted By Investors Fears To A 9-Month High

Bitcoin Boosted By Investors Fears To A 9-Month High

by Admin
March 21, 2023
0

Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

Trouble In Tech: Amazon Lays Off Another 9,000 Workers To 27,000 Layoffs

by Admin
March 21, 2023
0

MTN, PAU Call For Applications Into Media Innovation Programme

MTN, PAU Call For Applications Into Media Innovation Programme

by Admin
March 21, 2023
0

Categories

  • Big Issues
  • Columns
    • eScope
  • Cyberparenting
  • eBusiness
  • Gadget Review
    • Laptops
    • Phones
  • Interviews
  • NewsBytes
    • Agrictech
    • Cybersecurity
    • e-Politics
    • Entertainment
    • Fintech
    • Foreign News
    • Local News
    • Social Media
    • StartUps
  • Opinion
  • Tech Talk
    • World of Sc & Tech
  • Uncategorized

Quick Links

  • Contact Us
  • Newsletter
  • Privacy & Policy
  • Contact Us
  • Newsletter
  • Privacy & Policy

© 2022 Ebusiness Life - Desinged by Kreative TechPoint.

No Result
View All Result
  • Home
  • NewsBytes
    • Agrictech
    • Cybersecurity
    • e-Politics
    • Entertainment
    • Fintech
    • Foreign News
    • Local News
    • Social Media
    • StartUps
    • State News
  • Big Issues
  • Columns
    • Contributions
    • eScope
    • Inside Issues
  • Cyberparenting
  • Tech Talk
    • Innovations
    • World of Sc & Tech
  • Gadget Review
    • Phones
    • Laptops
    • Accessories
  • Interviews
  • Events
  • PhotoNews
  • Archives
  • Digital Edition

© 2022 Ebusiness Life - Desinged by Kreative TechPoint.