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The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing 618 million dollars in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria.
The President of the AfDB, Akinwumi Adesina, said this at the Nigeria International Economic Partnership Forum on the sideline of the 77th United Nations General Assembly, New York.
During talks in the roadshow, some investors hinted that even though they are willing to invest in Nigeria, they want the government to have some skin in the tech ecosystem game. When they got back from the trip, the office of the Vice President contacted the African Development Bank (AfDB) to support Nigeria with funding.