The Nigerian government has formally launched a $672 million fund under the Investment in Digital and Creative Enterprises (i-DICE) program aimed at supporting young and innovative entrepreneurs in the technology and creative industries.
The $672 million i-DICE fund was launched in Abuja by Vice President Yemi Osinbajo.
i-DICE was set up as a means of significantly upscaling entrepreneurship and innovation in the digital technology and creative sector. The project is expected to create 849,970 new jobs (77,270 direct and 772,700 indirect), and add 77,110 new entrepreneurs to the Nigerian economy.
The i-DICE program will be co-financed by the African Development Bank, ADB in partnership with the Islamic Development Bank and Agence Française de Développement.