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VP Shettima wants all-inclusive policy on Nigeria’s $617M investment in digital, creative enterprise
Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu’s administration has proposed November 2023 to launch the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme.
To ensure this unfolds into a reality, Vice President Kashim Shettima has given marching orders to members of the i-DICE Steering Committee, tasking them to make sure the programme starts before the end of November this year.
The VP gave the directive on Friday when the i-DICE team gave him an update on the progress made so far during a meeting at the Presidential Villa, Abuja.
At the meeting, Sen. Shettima emphasised the importance of the initiative to the Federal Government’s digital jobs drive, saying the administration is keen on delivering on its promises to Nigerians.
According to Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications, Office of the Vice President, Shettima urged all partners in the i-DICE programme to ensure judicious utilisation of the funds, noting that the $617.7 million scheme could be a game changer.
The Vice President stated: “The peculiarity of the challenges we face in the country demands that we have to create jobs for our teeming youths to address the crises associated with youth unemployment. I want to appeal to all of us here to unite and see that this programme takes off latest by the end of November this year.
“I am interested in getting a weekly update on what is being done to kick-start this programme. We also need to spread out to cover the whole country so that there is inclusivity. If we judiciously utilise these funds, the target impact and anticipated benefits will be immense.
“I want to assure the technical committee, all those working on this programme and our international partners, that you will get all the support that you will need. We mean business. My boss, President Bola Tinubu, is passionate about the transformation of this country. So, you have nothing to worry about the government’s support”.
Speaking with State House correspondents shortly after the meeting, Minister of Finance, Mr Wale Edun described the project as “very key to the promise of His Excellency, President Bola Ahmed Tinubu, particularly to the youth, for the creation of 1.2 million digital jobs.
“This $617 million project will go a long way to achieving the President’s priorities on job creation and economic growth, particularly inclusivity. One of the major elements is going to have 50% participation by women,” he added.
On his part, Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijjani, said the scheme is a unique opportunity.
He noted: “The Nigerian technology and creative ecosystem has been doing well and is the best on the continent. We actually want to be a leader globally. And there’s no other way to do that than investing in the technology startups that are building these solutions.
“So, the government is putting its skin in the game to say ‘we want to support; we want to see more local confidence building’. And there’s no other way to show that than by putting money in some of the startups.”
For his part, the Managing Director of the Bank of Industry, Mr Kayode Pitan, hinted that the Vice President gave them marching orders to start by next month.
He said, “The Investment in Digital and Creative Enterprises (i-DICE) Programme programme is actually a $617 million programme. The funding has been concluded with the African Development Bank (AfDB), the French Development Agency (AFD) and the Islamic Development Bank (IsDB).
“BOI (Bank Of Industry) also will put in some part of that funding. It will cover the digital area, the creative area and entertainment area, especially the areas that the youth are interested in. So, this is actually for the youths – people below 35. We have some grants, we have some loans. There’s some equity, and for the startups, government is hoping that some new unicorns are going to emerge from this particular programme”.
Also present at the meeting were the Ministers of Science and Technology Innovation, Mr Uche Nnaji; Industry Trade and Investment, Dr. Doris Uzoka-Anite; Arts, Culture and Creative Economy, Hajiya Hannatu Musawa, among others.
News
Israel says news of Netanyahu’s death is fake
Israeli authorities have described news of possible death of Prime Minister Benjamin Netanyahu as false.
The office of Israeli Prime Minister dismissed a viral social media claims suggesting the Prime Minister had been assassinated following the escalating conflict involving Israel, the United States and Iran.
“These are fake news; the Prime Minister is fine,” the Prime Minister’s office said
The rumours gained traction after a video shared by Netanyahu on his X account on Friday showed him addressing a press conference on the ongoing Israel-US-Iran conflict.
Some social media users, immediate after the video was posted, claimed they had spotted what appeared to be six fingers on Netanyahu’s right hand when he briefly raised it during the speech.
The speculation spread further after US conservative commentator, Candace Owens raised questions on X.
News
Bala Mohammed prepares to join APC
Strong indications have emerged that the Chairman of the Peoples Democratic Party, PDP governors’ forum and Governor of Bauchi State, Bala Mohammed, has concluded plans to join the ruling All Progressives Congress (APC) this week, barring any unforeseen circumstances.
According to Bauchi State government house sources, the Governor’s recent Abuja visit and meeting with President Bola Tinubu were purely related to the movement to APC. It was stated however, that final touches are still being made on the agreement.
It would be recalled that the Governor had after his meeting with Tinubu, told journalists that he was at the presidential Villa to discuss rising insecurity in some parts of the state and to seek the president’s intervention. Days after the visit, a detachment of military and other security agencies took over the affected areas and restored relative peace to the communities.
It is not yet clear the conditions given by the Bauchi State Governor before his defection. But one source told Nationwide Reports that the APC has already assured him of three opportunities including, deciding who would succeed him as Bauchi State Governor, a ticket to return to the senate and special allocation from the presidency as was given to other governors that have previously defected.
Another source also mentioned the ongoing terrorism charges brought by the federal government against one of Governor Mohammed s most trusted aides, the Commissioner for Finance, Yakubu Adamu.
The case against the commissioner also include money laundering involving about N4.6billion. The Governor has made frantic efforts in the past to free the commissioner and even threatened war, if persecution of opposition persists.
However, a top aide of the Governor described the suggestion as mere rumour, saying Bala Mohammed has said severally that that he would stick with the PDP.
“His Excellency is the chairman of the PDP governors forum. I just said this as a reminder to you. The Governor has made several sacrifices to preserve the PDP as the leading opposition in the country. Therefore, the idea of him defecting to the APC is strange to me. He has never mentioned it and I therefore do not believe you,” the aide stated.
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Tinubu doing well across sectors, says Gowon
Former Head of State, General Yakubu Gowon said on Saturday that President Bola Ahmed Tinubu is doing his best across key sectors of governance.
Gowon spoke with journalists after paying a courtesy visit to the President at the State House, Abuja, where he said he came primarily to appreciate the efforts of the administration and to encourage the President in his leadership of the country.
“I came to see him and to thank him for all the good works that he’s doing for the country. We had to look at all the good work that the President is doing and the progress that Nigeria is making economically and otherwise”, the elder statesman said.
The former military leader, who governed Nigeria from 1966 to 1975, noted that the country is witnessing progress under Tinubu’s leadership and expressed satisfaction with the direction of governance.
When asked by journalists what areas the President should improve upon as his administration progresses, Gowon declined to single out any particular sector, stressing that Tinubu appears to be addressing national challenges across the board.
“Isn’t he doing the best he can all round?” he asked rhetorically, adding “so there is no particular place, every other area; political, economic, social, etc.”
Gowon also acknowledged the complexity of Nigeria’s security challenges but maintained that the President is taking necessary steps to confront the situation in the interest of the country.
“And, of course, the major problem that we have today, the security area, he’s doing everything to deal with those for the good of all Nigeria,” he said.
According to him, leadership requires balancing multiple priorities simultaneously, and the President must continue to safeguard Nigeria’s interests across all sectors.
“He’s got to look after the interests of Nigeria in all areas, and I’m happy about that,” Gowon added.
The elder statesman, widely regarded as a voice of national reconciliation and peace, was also asked about the message he would give Nigerians amid the current challenges facing the country.
Responding, Gowon said the responsibility of addressing such issues ultimately rests with the government, expressing confidence that the administration is handling the situation as best as possible.
“If I say that the problem that is happening today, it is only the government today, that’s Mr. President, that can really deal with it, and he is dealing with it the best he can without creating any problem for Nigerians and for the country,” he said.
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