Nigeria has secured $119 million in investments for tech hubs and MSMEs from Gluwa, a South Korean digital wallet provider, and Ericsson, the Swedish telecoms company.
Vice President Kashim Shettima announced this during meetings with Swedish businesses in Stockholm, highlighting Nigeria's economic reforms and openness to foreign investment.
The funding aims to boost Nigeria's digital economy and support MSMEs, which make up 96% of businesses and 84% of employment in the country.
Gluwa pledged $100 million to train 30,000 Nigerians in digital skills and launch a satellite for WiFi access by December 2024. Ericsson plans a $19 million tech hub to develop exportable tech talent.
These investments are set to accelerate Nigeria's digital growth, with the government encouraging more partnerships between foreign investors and local startups in fintech, renewable energy, and agriculture.
