FG to build $1bn ICT Company to boost local technology – Osinbajo

The Acting President Yemi Osinbajo on Tuesday said the federal government had concluded plans to build a one billion dollar ICT company to boost indigenous technology.

He made this known in Abuja while delivering his opening address at the 2017 Digital Africa Conference and Exhibition tagged: “the Fourth Industrial Revolution: Getting Africa Ready“.

According to him, such an achievement will make Nigeria cease being a dumping ground for ICT products and services.

Osinbajo, who was represented the Minister of Communications, Adebayo Shittu, said: “The Nigerian government is committed to encourage the growth of indigenous ICT companies to world standards by proving policies that will help them thrive.

“With the mantra of change, the Nigerian political milieu will be recalibrated for the age of the Fourth Industrial Revolution.

“So that both the executive and legislative will be more responsive and responsible in addressing the major global challenges staring us in the face,“ he said.

On his part, the Minister of Communication, represented by the Permanent Secretary in the ministry, Sunday Echono, said the government was preparing for the Fourth Industrial Revolution predicted to happen globally in the very near future.

According to him, the Federal Government has conceived a National ICT Park and Exhibition Centre in the Federal Capital Territory.

“The establishment of the centre will encourage investment in ICT sector and complement the proposed University of ICT which will also produce required skilled manpower for Africa to partake in inevitable Fourth Industrial Revolution.

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