Africa Business Radio

The Federal Government has revealed plans to boost the digital economy with a $600m Innovation Fund from the African Development Bank. Vice President Yemi Osinbajo says that they have a $600million Innovation Fund with the African Development Bank which they hope will really energize the industry Osinbajo identified the digital economy as an area that is “big for us and the next couple of years, and we are focusing on it.” He says the government’s strategy is to enhance productivity by focusing on value addition as the guiding principle for all sectors, especially agriculture, manufacturing, solid minerals, digital services, tourism, hospitality, and entertainment.