Nigeria’s digital economy contributed $191m to foreign direct investment in Q1’24
Image Credit: technext24Nigeria’s communications and digital economy sector attracted $191 million in foreign direct investment during Q1 2024, representing a 900% increase from $22 million in Q1 2023, according to Minister Dr. Bosun Tijani.
Key initiatives like the 3 Million Technical Talent programme and a planned $2 billion investment to lay 90,000 kilometers of fiber optic cables are driving digital transformation across the country.
The sector is expected to contribute 21% to Nigeria’s GDP by 2026, up from its current 16-18%, supported by advancements in AI, startup growth, and enhanced broadband connectivity plans.
Efforts include paid internships, AI talent development funding, and rural telecom tower deployment to increase nationwide internet coverage and economic opportunities.
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