Would you like to receive notifications on latest updates of the following headlines?

UK-Nigeria Tech Hub Commits to Boosting Digital Economy

POSTED ON May 10, 2024 •   Business      BY Abiodun Saheed Omodara
Uk- Nigeria Tech Hub Logo l Source: Likendin

The British Government has disclosed its commitment to stimulate local digital economy in Nigeria. Through its UK-Nigeria Tech Hub, launched in 2019, which is part of the International Tech Hub Network, the country said it wss working to develop digital economy in the Nigeria using all available resources.

The UK-Nigeria Tech Hub is delivered by the Department for Science, Innovation and Technology (DSIT) and the Foreign, Commonwealth and Development Office under the UK Government’s Digital Access Programme (DAP).

Speaking during a workshop with tech journalists in Lagos yesterday, the UK-Nigeria Tech Hub Director, Oyinkan Akinola-Bello said: “The UK-Nigeria Tech Hub works to stimulate local digital economies, support inclusive and sustainable economic growth and jobs, build high-end digital skills, and forge innovation partnerships between Nigerian tech sectors and international businesses which will inadvertently lead to an increase in trade and investment in the longer term, thereby driving increased productivity and growth.

“The Hub work with players in the science, technology, and innovation ecosystem to find innovative solutions to local development challenges, thereby driving sustainable economic growth with a focus on including women, marginalised youth and people with disabilities.”

She said the key projects of the programme included Social Innovation Driven Entrepreneurship, a hybrid accelerator program targeted at supporting the scaling up of innovative solutions to local challenges based on identified market & sector gaps affecting underserved populations in Nigeria; DevCareer Tech Programme, aimed at empowering aspiring technical talents in Nigeria to excel in the technology sector, particularly for those facing financing constraints to learning and women.

“The programme provides comprehensive training across 3 tracks -software development, product management and product design including soft skills training. “Venture Link: This project showcases the local technology ecosystem as investment ready and provides investor education and deal flows to UK investors, Innovation Managers etc interested in investing in the Nigerian market.

“Developer Foundry: A oneyear talent development program designed to address the mismatch between Africa’s technology talent skills and skills required by employers in the technology ecosystem. The project will upskill and refine mid-level talent and support policy engagement to further strengthen the relationship between ecosystem regulators and key stakeholders and support the development of a policy framework for emerging technology.

“Startup and Talent Enhancement Programme: Supports the scaling up of and growth of innovative startups by providing access to talent/mentors to help the businesses solve problems that pose barriers to their growth e.g., technical debt, marketing, fundraising. “Regulatory and Compliance School: Equips technology startups with the expertise required to navigate legal, regulatory and compliance landscape in Nigeria.”

She noted that the Tech Hub had supported 168 tech-enabled SMEs, early-stage startups, and engaged with 55 investors. “The Nigeria Tech Hub collaborated with Google for Startups to award $3 million in cloud credit infrastructure to female technology founders in Nigeria.

“Building upon the successful pilot, the DevCareer Tech Programme will equip 1,700 individuals, including 680 women, across Nigeria’s 6 geopolitical zones with technical skills in software development, product design, and product management.

The Social Innovation Driven Entrepreneurship’ project in collaboration with the Network of Innovators and Incubators in Nigeria (NINe), Kaduna Business School is a hybrid accelerator program which has supported 12 Social Impact driven businesses to build innovative digital solutions to problems affecting the middle to lower economic classes in Nigeria.

READ ALSO
German eye Nigeria's mineral wealth as foreign direct investments surge
BY Abiodun Saheed Omodara April 3, 2025 0

Ongoing initiatives to draw in Foreign Direct Investments (FDIs) seem to be bearing fruit, as certai...

READ ALSO
FG signs $174.6M agreement with UNIDO to enhance Nigeria's industry
BY Abiodun Saheed Omodara April 3, 2025 0

The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have enter...

READ ALSO
FG signals tough stance on underdeveloped Oilfields, calls for strategic IOC investments
BY Abiodun Saheed Omodara April 2, 2025 0

The Federal Government expressed its worries on Tuesday about the growing number of idle and underde...

READ ALSO
Fuel prices expect to fall below N750 by Year-End - NIPSS
BY Abiodun Saheed Omodara April 2, 2025 0

The National Institute for Policy and Strategic Studies (NIPSS) has said that with Dangote Refinery...

READ ALSO
CBN's strategic policies lead to significant increase in Nigeria's Net FX reserves
BY Abiodun Saheed Omodara April 2, 2025 0

Nigeria's net foreign exchange reserves (NFER) stood at $23.11 billion at the conclusion of the prev...

READ ALSO
NSIA reports ₦3.74Trn profit, celebrating 12 years of continuous profitability
BY Abiodun Saheed Omodara April 1, 2025 0

ABUJA, Nigeria - THE Nigeria Sovereign Investment Authority (NSIA) reported generating approximately...

READ ALSO
Insurance leaders advocate for AfCFTA adoption to drive economic progress
BY Abiodun Saheed Omodara March 21, 2025 0

Stakeholders within the insurance sector have urged operators to capitalize on the African Continent...

READ ALSO
Nigeria's Debt Soars: To exceed N155 Trillion by 2025 amidst economic strain
BY Abiodun Saheed Omodara March 21, 2025 0

The United Nations Conference on Trade and Development (UNCTAD) has indicated that many countries, p...

OUR CHANNELS:

Ogun police respond to rising attacks at Sagamu interchange
BY Abiodun Saheed Omodara April 5, 2025 0

There are worries regarding the attacks and killings by hoodlums targeting commuters traveling to Ab...


Rwanda match takes precedence as Super Eagles eye world cup qualification
BY Abiodun Saheed Omodara April 5, 2025 0

Super Eagles Coach, Eric Chelle, has indicated that his team will place greater emphasis on the upco...


LASU celebrates 28th convocation with Over 11,000 graduates, honors distinguished Nigerians
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, Nigeria - Lagos State University (LASU) announced on Thursday that it will be graduating no l...


Federal high court orders forfeiture of $20,000 from traveler for customs violation
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, Nigeria - A Federal High Court in Lagos has mandated the forfeiture of $20,000 seized by the...


German eye Nigeria's mineral wealth as foreign direct investments surge
BY Abiodun Saheed Omodara April 5, 2025 0

Ongoing initiatives to draw in Foreign Direct Investments (FDIs) seem to be bearing fruit, as certai...


Lagos faces severe traffic chaos as Independence Bridge repairs begin after Sallah holiday
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, NIGERIA - Lagos residents faced a challenging situation yesterday as they returned to work fo...


FG signs $174.6M agreement with UNIDO to enhance Nigeria's industry
BY Abiodun Saheed Omodara April 3, 2025 0

The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have enter...


U.S. shows highest anxiety over AI Job loss amidst technological advancements
BY Abiodun Saheed Omodara April 3, 2025 0

Despite its advanced status, research indicates that the United States of America (USA) has the high...


Bayelsa communities threaten to halt oil production over security contract dispute
BY Abiodun Saheed Omodara April 3, 2025 0

BAYELSA, Nigeria - Nigeria’s struggling oil output may be on the brink of another crisis as co...


NITDA Partners Afrovision technologies to bridge job gap for Nigeria’s Tech Talent
BY Abiodun Saheed Omodara April 3, 2025 0

In an effort to tackle the ongoing challenge of job placement for Nigeria’s expanding tech tal...


More Articles

Load more...

Menu