Nigeria to deepen investments in tech startups with new funds
- Nigeria's government plans to expand funding for startups through the iDICE programme.
- The iDICE programme was launched in 2023 to support the growth of tech and creative industries.
- Two new funds will be introduced, one for the creative sector and a 'fund of funds' for smaller funds.
The Nigerian government's commitment to expanding funding for startups through the iDICE programme is a significant step towards reinforcing the country's position as a leader in the African tech ecosystem. However, it is essential to ensure that the private sector's participation is transparent and substantial to truly catalyze innovation and growth.
