Nigeria in talks with AfDB for $500 million innovation fund ― Osinbajo

Nigeria in talks with AfDB for $500 million innovation fund ― Osinbajo
Nigeria in talks with AfDB for $500 million innovation fund ― Osinbajo
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Vice President Professor Yemi Osinbajo has said that the Federal Government is currently in talks with the African Development Bank (AfDB) to set up a $500million Innovation Fund.
He said the fund which will provide support for the ecosystem across four pillars which include Infrastructure support, Finance, Skills Development and Technical Assistance.
The VP, represented by Director-General, National Information Technology Development Agency (NITDA), Mallam Kashifu Abdullahi, said this at the Startup and Developer event organised by Google.
“As part of our Ease of Doing Business Reforms, we instituted the Visa on Arrival Policy which allows any person outside ECOWAS to get a visa on arrival in Nigeria. This policy means all African startups and entrepreneurs seeking to expand their business into Nigeria will have a more straightforward process.

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