President Bola Ahmed Tinubu has announced plans to make Nigeria a top global hub for tech and finance companies.
The goal is to help African startups build and scale their businesses right from Nigeria.
By launching Digital Free Zones, the government aims to create new remote jobs and attract international investment.
Digital transformation and tech sector growth in Nigeria
Expanding opportunities for local talent
This initiative allows Nigerian businesses to access global capital and serve international markets without moving their offices or ideas abroad.
Backed by the $500-million Itana Innovation project in Lagos, the program lets young professionals in cities like Kano, Ibadan, and Enugu work for global companies from home.
President Tinubu has asked the trade minister to deliver a full launch roadmap within 180 days.
Government initiatives for tech innovation and startup investment
Keeping talent and capital at home
In the past, many entrepreneurs had to move overseas to find funding, but this new framework aims to reverse that trend.
A special committee is updating rules on taxes, banking, and digital regulations to support themodern economy.
These reforms will keep the value of local talent inside the country and help domestic companies thrive globally.
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