As part of its commitment to technology and innovation in the country, the Nigeria’s Federal Executive Council (FEC) has approved about N8.9 billion for the establishment of a new National Information and Communication and Technology (ICT) park in the Federal Capital Territory (FCT), to coordinate public and private ICT hubs in the country.
The Minister of Communication and Digital Economy, Dr Isa Pantami, disclosed this to State House correspondents on the outcome of the Council meeting, presided over by President Muhammadu Buhari at the Council Chamber, State House, Abuja, on Wednesday.
Pantami explained that a 4,200 square meter land had already been acquired for the establishment of the ICT Park, saying, “The Federal Executive Council has approved the memo and we are going to start establishing it in Abuja and we hope Abuja is going to be another Silicon Valley in Nigeria”.
He said: “The wisdom behind the ICT Park is for it to be a center where public and private ICT hubs are going to be coordinated by the federal government of Nigeria, where young innovators with crazy and disruptive ideas will be mentored and all what they need provided for.
”We will provide an enabling environment for them to utilize and come up with disruptive technologies.
“This is the first of its kind in Nigeria, we have so many parks and hubs but they are regional. This one will be central and will be a center of job creation for our teeming youths. It will be a centre where technology will be developed and incubated. It will play a significant role in reducing unemployment and the reduce the gap of unemployability.