EU earmarks €820m digital economy package for Nigeria

During her visit to Nigeria, the European Commission Executive Vice-President Margrethe Vestager announced that the European Union (EU) will provide a €820million digital economy package for Nigeria over the next three years, under its Global Gateway Initiative. The investment will contribute to enhancing secure connectivity, digitalising public services, supporting entrepreneurship, and building digital skills, while developing a human-centric, democratic governance framework for technology. ‘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 digitalization strategy,’ said Ms Vestager. In response, the Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami said: ‘This partnership with regards to digital entrepreneurship will address the challenge of unemployment and unemployability alongside the Nigeria Startup Bill which also aims to address a myriad of issues within the ecosystem.’