Dr Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, says President Bola Ahmed Tinubu’s administration plans to raise Nigerian tech capital to $5 billion in four years.

Also, he said the federal government aims to train three million early to mid-career technical talents in the next four years.

Tijani disclosed this on Monday while unveiling his plan for the country’s tech industry in a paper titled “Accelerating our collective prosperity through technical efficiency: A strategic plan for the Federal Ministry of Communications, Innovation & Digital Economy’.

He stated that the federal government’s commitment towards talent development is unwavering.

“Our commitment to talent development is unwavering. We have set an ambitious goal to train three million early to mid-career technical talents over the next four years.

“These trainings will cover tech-enabled and tech-adjacent skills, core tech competencies, and advanced proficiencies. This holistic approach empowers our workforce to thrive in a constantly evolving technological landscape.

“Increase capital raised by Nigerian tech startups 50 per cent year-on-year from $1bn/yr in 2022 to $5bn/yr in 2027,” he said.

FG to raise $5bn capital for Nigerian tech startups in five years – Minister