British Minister of State for Africa, Harriett Baldwin, has announced a new £70 million programme to create 100,000 jobs in Nigeria.
Baldwin has stated this on Wednesday, during a business event as part of the activities for Prime Minister Theresa May’s visit to Nigeria on Wednesday.
NAN reports that Baldwin, who led a business delegation to the event, said that the programme would raise the income of three million people from the poorest parts of Nigeria.
She said: “We are here today to talk about technology links between the UK Fintech sector and the Nigerian Fintech sector and will bring inward investment in terms of this important sector of technology.
“Today, it is all about celebrating those links through technology and I am very excited that the Prime Minister is announcing today a new £70 million programme that will create some 100,000 jobs in Nigeria and will also raise the income of three million people from the poorest parts of Nigeria.”
Vice President Yemi Osinbajo and the Ministers of Finance and Power, Works and Housing, Kemi Adeosun and Babatunde Fashola respectively, attended the event.
Osinbajo said: “I think just looking at some of the start-ups that we see today, many of them started while the recession was on and they proved, by just a number of jobs, value and wealth created, that this is the future starting today.
“This is why we have started up first with the creativity and technology advisory group; many of these start-ups are members of this group where they help to formulate policies with Federal Government policy makers especially in fintech, which are some of the new areas we need to formulate policies.”