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Thursday, September 07, 2017

FG tinkers on ICT Development Bank

The Federal Government is tinkering of setting up an Information and Communication Technology (ICT) Development Bank, ITRealms exclusively reports.

The Minister of Communications, Barr. Adebayo Shittu made this disclosure in Lagos at the 3rd Edition of Indo-Africa ICT Expo holding for the first time in Nigeria.

According to him, the Ministry of Communications is promoting the established of an ICT Development Bank in Nigeria.

Shittu explained that the bank will assist in providing the needed funding for the ICT industry instead of depending on commercial banks which charges high interest rate.

As Government, Shittu said, they recognize research as a key component in stimulating sustainable ICT growth.

“In this direction, the Ministry in pursuance of its mandate of leveraging ICT in its entire ramifications and in order to promote local manpower of the ICT sector, is establishing a proposed ICT University of Nigeria with specialized programme on ICT across the six geopolitical zones in the country,” he said.

Further, he said, the Ministry has reached out to a number of ICT companies locally and internationally for the Public, Private Partnership (PPP) management of the proposed ICT University. Many have and still counting who have expressed enthusiasm towards investing in the project.

The Ministry, he said, has reached an advance stage for the establishment of a befitting ICT Park and Exhibition center in Abuja.

“This is to develop Nigeria’s ICT sector towards achieving a Smart Digital Nigeria,” the Minister submitted.

Chuks Egbune/GEE
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