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Nigeria launches digital trade desk to drive tech exports, offers $5bn support for startups in three years

Dr Bosun Tijani, minister of communications, innovation and digital economy, says the Federal Government has launched the Technology Export and Digital Trade Desk.

Bosun-Tijani, Minister of Communications, Innovation and Digital Economy
Bosun-Tijani, Minister of Communications, Innovation and Digital Economy

Dr Bosun Tijani, minister of communications, innovation and digital economy, says the Federal Government has launched the Technology Export and Digital Trade Desk.

The initiative is aimed at boosting the country’s technology exports and enhancing the sector’s contribution to the national economy, the minister announced in a LinkedIn post on Monday. 

He emphasized that the initiative marks a significant step in the ministry’s ongoing efforts to improve the global competitiveness of Nigeria’s tech ecosystem. 

The launch follows the ministry’s recent trade mission to the United States, which highlighted the importance of strategic dialogues in advancing Nigeria’s tech ambitions.

“This Trade Desk marks a bold step in our commitment to increasing the technology sector’s contribution to Nigeria’s GDP from the current 14–18 per cent to 21 per cent within the next three years,” the minister wrote on LinkedIn.

According to him, the initiative was launched in collaboration with the Federal Ministry of Industry, Trade, and Investment—aligned with the fifth pillar of the ministry’s strategic blueprint, which focuses on trade. Dr. Bosun Tijani explained that the Desk will play a crucial role in improving Nigeria’s position on the Economic Complexity Index. 

He said the initiative is designed to support the country’s efforts to diversify its trade and strengthen its presence in the global digital economy. 

Additionally, the Desk aims to promote Nigerian technology exports and provide tailored support to local companies looking to access markets across Africa and beyond.

“This effort forms a critical component of the President’s overarching goal of achieving a $1tn Nigerian economy, underpinned by innovation, investment, and international trade,” Tijani noted.

Dr. Bosun Tijani also revealed that the Technology Export and Digital Trade Desk has set an ambitious target to increase annual funding for Nigerian startups from $1 billion to $5 billion within the next three years. This funding boost is expected to drive innovation, and entrepreneurship, and enhance the global competitiveness of Nigeria’s tech sector.

As part of the initiative’s rollout, the government has released a white paper titled “Growing the Contribution of the Technology Ecosystem to Nigeria’s GDP—A Case for the Technology Export and Digital Trade Desk.” 

The document outlines a comprehensive roadmap for implementing the initiative, and the minister has invited feedback from stakeholders to ensure its effectiveness.

The Trade Desk will offer a range of programs, partnerships, and policy interventions aimed at empowering local technology companies, enabling them to compete effectively on the global stage.

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