Facebook Twitter LinkedIn RSS
    Trending
    • Professor Aderounmu appointed Deputy Vice-Chancellor (Academics) at OAU
    • Starlink now live nationwide as Konga offers free same-day delivery
    • NCC engages stakeholders on RIA, prioritizing consumers, licensees and government
    • NITDA equips civil service with digital competence framework to combat brain drain
    • MultiChoice slashes decoder price by 50% to attract more customers
    • Minister Momoh Endorses “The Nigeria Digital Heroes,” hailing its chronicle of ICT evolution
    • MTN invests ₦3 billion in 3MTT Program, bolstering Nigeria’s digital transformation
    • Lagos Identity Project to enhance urban planning – Sanwo-Olu
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Nigeria targets $5 billion in startup funding with launch of Digital Trade Desk
    News 2 Mins Read

    Nigeria targets $5 billion in startup funding with launch of Digital Trade Desk

    mmBy ITPulseJanuary 14, 2025213 Views
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Martin Ekpeke

    The Federal Government has launched the Technology Export and Digital Trade Desk with the ambitious goal of attracting $5 billion in annual funding for Nigerian startups, a post by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani on LinkedIn has shown.

    The initiative, which is a joint effort between the Ministry of Communications, Innovation, and Digital Economy and the Ministry of Industry, Trade and Investment aimed to significantly boost the contribution of the ICT sector to Nigeria’s economy, currently estimated at 14-18%, to 21% within the next three years.

    The Trade Desk will play a crucial role in promoting Nigerian technology exports by providing bespoke support to local companies, enabling them to access and compete in global markets. Minister Tijani emphasized that this initiative aligns with the 5th Pillar of the Ministry’s strategic blueprint, focusing on trade as a key driver of economic growth.

    A key objective of the Trade Desk is to significantly increase annual funding for Nigerian startups, scaling it from the current $1 billion to $5 billion over the next three years. This ambitious target is expected to foster innovation, entrepreneurship, and enhance Nigeria’s global competitiveness.

    The establishment of the Trade Desk also aligns with Nigeria’s ambition to improve its position in the Economic Complexity Index (ECI). The ECI, a ranking system that assesses a country’s productive knowledge and the diversity of its exports, measures a nation’s economic sophistication. Countries with high ECI scores possess a wide range of specialized capabilities and can produce a diverse range of complex products.

    Nigeria’s 2022 ECI score of -1.67 placed it at 127th out of 133 countries. By diversifying its trade and advancing its position in the global digital economy, Nigeria aims to climb this ranking and enhance its economic standing.

    Digital Trade Desk Startup funding
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Professor Aderounmu appointed Deputy Vice-Chancellor (Academics) at OAU

    June 28, 2025

    NCC engages stakeholders on RIA, prioritizing consumers, licensees and government

    June 27, 2025

    NITDA equips civil service with digital competence framework to combat brain drain

    June 27, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    Professor Aderounmu appointed Deputy Vice-Chancellor (Academics) at OAU

    June 28, 2025

    Starlink now live nationwide as Konga offers free same-day delivery

    June 27, 2025

    NCC engages stakeholders on RIA, prioritizing consumers, licensees and government

    June 27, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    Professor Aderounmu appointed Deputy Vice-Chancellor (Academics) at OAU

    June 28, 2025

    Starlink now live nationwide as Konga offers free same-day delivery

    June 27, 2025

    NCC engages stakeholders on RIA, prioritizing consumers, licensees and government

    June 27, 2025
    Popular Posts

    Top 10 Product Designers Building the Backbone of Africa’s Digital Economy through Product Excellence in 2024

    November 12, 2024

    The evolution of African consumer behaviour: How COVID-19 and technology changed the game

    December 5, 2021

    Nigerian women shaping the future of blockchain and digital technology

    March 15, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.