African Development Bank and partners invest $618 million in Nigeria’s digital and creative industries

African Development Bank,
14 March 2023, Nigeria

The African Development Bank and partners on Tuesday launched a new Investment in  Digital and Creative Enterprises (iDICE) programme. The initiative, with investments totalling $618 million, will attract direct investments in more than 200 technology and creative start-ups and provide non-financial services to about 450 digital technology, small and medium enterprises. With a  potential to generate $6.4 billion  into the  Nigeria’s economy, iDICE is expected to create 6 million new jobs for young Nigerians.