FG targets trillions naira IT investments
Foreign investors are indicating interests in coming to Nigeria to set up IT investments worth hundreds of billions of dollars, the Nigeria Consular-General in Dubai has said. Dr Mike Omotosho disclosed this in an interview with Daily Trust at the World Trade Centre, Dubai, venue of this year Gulf Information Technology Exhibition (GITEX). Dr Omotosho […]
Foreign investors are indicating interests in coming to Nigeria to set up IT investments worth hundreds of billions of dollars, the Nigeria Consular-General in Dubai has said.
Dr Mike Omotosho disclosed this in an interview with Daily Trust at the World Trade Centre, Dubai, venue of this year Gulf Information Technology Exhibition (GITEX).
Dr Omotosho said IT investors “are particularly showing interests in Nigeria because of the ‘new government of change’ we have now.”
The negative view foreign businessmen had about Nigeria in the Gulf countries had disappeared as most of them now have confidence in President Muhammadu Buhari, according to the Consular General.
He said GITEX, one of the biggest ICT events in the world, had afforded Nigerian officials the opportunity to meet with highly rated investors, who had indicated interest to discuss future investment plans in the country.
He also said the federal government is focusing on local tech startups that would be supported with startup funds and expertise mentoring.
In a separate interview, the Executive Secretary/Chief Executive of Nigerian Investment Promotion Council, Uju Aisha Hassan Baba said Nigeria is now attracting appropriate foreign investment.
“There is no doubt about the fact that our country is now the choice of investors in Africa. We are now in competition with any country as regards our status as being the investors’ choice”, she said.
Earlier at the opening ceremony, the organisers of GITEX postulated that global smart cities market will reach $3.3trillion in 2025.
One of the organisers, Bilal al-Rais said nearly half of the world’s 26 Smart Cities would emerge from developing economies and the Middle East.
He said more than 130,000 visitors from 150 countries attended the event, which is the third largest ICT event across the world.