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Fact Sheet: Global Opportunities in Nigeria’s Technology Hub

July 10, 2018

The Vice President has spoken extensively about the commitment of Government to supporting the growth of technology and creative industries in the country through its policies and reforms 

ABUJA, Nigeria, July 10, 2018,-/African Media Agency (AMA)/- *As VP Osinbajo leads roadshow to showcase growth of Nigeria’s technology & entertainment sectors

Vice President Yemi Osinbajo, SAN, will be leading a public-private sector collaborative investment roadshow to the United States, where he will be speaking to global industry leaders in information technology and entertainment at the Silicon Valley in San Francisco and Hollywood in Los Angeles, California, from Monday, July 9 to Wednesday, July 11, 2018.

It would be recalled that in recognition of the central role of innovation and technology in the Federal Government’s Economic Recovery & Growth Plan, the Vice President has spoken extensively about the commitment of Government to supporting the growth of technology and creative industries in the country through its policies and reforms.

Find below highlights of the growth of technology, creative industry in Nigeria

Lagos is one of Africa’s largest markets, with GDP of over $136 billion and significant young population
Lagos startups are also building to serve the entire African market, with high quality and relatively lower cost talent
Startups like Andela, NESA, and Data Science Nigeria are training developers and Data Scientists
Strong ccal hub space in Lagos

GE operates a Gy”>Several startups leveraging alternative data sources and data science toy and increasing access to healthcare for the mass market e.g. Lifebank, wh raised over $80 million from several investors including Chan Zuckerberg initiative.

Distributed by African Media Agency (AMA) on behalf of Office of the Vice President of Nigeria.

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