Browsing: AfDB loans in Nigeria

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AfDB loan to Nigerian Youths:

  • The African Development Bank has approved a loan of US$ 170 million, to assist millions of Nigerian youths to grow their digital and creative enterprises
  • Dubbed ‘Investment in Digital and Creative Enterprises Program (i-DICE)’, the initiative is a project of the Nigerian government, aimed at promoting investment in digital and creative industries
  • The initiative will stimulate investments in 226 technology and creative start-ups and provide non-financial services to 451 digital technology and small and medium enterprises

At least 68 million Nigerians aged between 15 and 35 will benefit from a US$ 170 million loan from the African Development Bank (AfDB) to finance their digital and creative enterprises.

In a statement seen by The Exchange Africa, the African Development Bank says the loan will benefit youths in innovative, early-stage, technology-enabled start-ups or those in the creative sector.

Select micro, small and medium-sized enterprises across Nigeria will …