News Desk
The Federal Government of Nigeria has recently announced its plans to establish a digital technology program hub, which is to be called the Nigerian Start-up House, in San Francisco, USA widely known as the Silicon valley.
This move was announced by the Minister of Communications, Innovations and Digital Economy, Dr. Bosun Tijani, who confirmed that the project was approved by the Federal Executive Council in a meeting on Tuesday.
According to him, an existing property of the Federal Government in San Francisco will be converted to set up the program hub.
With Silicon Valley being the global center for startups and startup funding, Minister Tijani noted that the proximity to venture capitalists significantly increases the chances of Nigerian startups to attract investments and the hub will position Nigeria to be a significant player in the global tech market.
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In his words, the Start-up House will, “play a critical role in promoting Nigeria’s Economic interest, attracting foreign direct investment, and improving the visibility and positioning the Nigeria’s start-up ecosystem to attract funding and expertise from global markets and organizations represented in San Francisco Bay Area and beyond.”
He also highlighted that the Start-up House will be overseen by a group of Nigerian digital technology companies, even though the Federal Government, through the Ministry of Communications, Innovations and Digital Economy and the Ministry of Foreign affairs will own and operate the facility
Techrectory with Agency Report.
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