EU To Invest €820m In Nigeria’s Digital Economy

The European Union (EU), under its Gateway Initiative, has disclosed plans to invest about 820 million Euros in the Nigerian Digital Economy sector over the next three years. The Executive Vice President of the Union, Her Excellency, Margrethe Vestager, disclosed this during a working visit to the Minister of Communications and Digital Economy, Malam Isa Pantami, at the Digital Economy Complex in Abuja.
 
Vestager, while extolling the exemplary leadership style of the minister, noted that this and the need for stronger partnerships had brought global attention to the country’s digital economy sector. She enumerated the union’s intervention in the sector to include Digital Infrastructure Investments, Digitalisation of Public Services, Digital Entrepreneurship, Digital Skills and Digital Governance.
 
“Nigeria has immense potential for digitalisation and with a combination of €160 million in grants and €660 million in loans, the European Union aims to comprehensively support Nigeria’s digitalisation strategy,” she emphasised. In his response, Pantami, while expressing his delight and appreciation for the intervention, reiterated the Federal Government’s willingness to partner with the European Union…
 
More details through:
https://www.newtelegraphng.com/eu-to-invest-e820m-in-nigerias-digital-economy/
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