Nigeria, AfDB team up to boost digital, creative industries with $617m

In a significant move to bolster the nation’s digital and creative landscape, the Nigerian government and the African Development Bank (AfDB) are partnering to launch a $617 million investment fund.

This initiative, known as the Investment in Digital and Creative Enterprises (IDICE), aims to address the critical challenges faced by startups in these sectors, primarily access to funding and support ecosystems.

According to a statement on Friday, Hannatu Musawa, minister of art, culture and the creative economy, spoke about the collaboration during a meeting in Abuja on Thursday with Lamin Barrow, director general of AfDB.