A update on the recipients of the $618 million FG The I-DICE Program
We will be discussing who the recipients of the $600 million FG I-DICE Initiative, which was only recently introduced by Vice President Osinbajo, in today's Newest Npower discussion group on technology news. Therefore, continue reading!
The I-DICE Program is what? A program run by the Federal Government of Nigeria (FGN) called i-DICE encourages investment in the creative and information technology (ICT) sectors as part of efforts to rebuild society in a better, more environmentally friendly, and inclusive manner. This program is meant to help the government achieve its goal of increasing and sustaining job growth.
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The I-DICE Beneficiaries Are::
1. The Program directly targets Nigerian young women and men (15-35 years)
2. Entrepreneurs
3. Innovative early stage growth technology enabled ventures and creative sector micro, small and medium enterprises (MSMEs) as well as Enterprise Support Organizations (ESOs) which includes:
a. Accelerators
b. Venture Capital and Private Equity Firms
c. Federal, State and Private universities and polytechnics and key participating Federal Ministries and Agencies.
d. Notably in terms of gender, a dedicated budget of USS 1.14 million will nurture women led Start-ups both in the technology and creative sectors.
e. The direct beneficiaries of the Program will be selected based on transparent selection criteria or competitive calls. The Program will have a national coverage with all the 36 States of Nigeria and the Federal Capital Territory eligible to benefit from the program.
The I-Dice program is supported by the African Development Bank, Agence Francaise de Developpement, and The Islamic Development Bank, and have raised over $618 million to make this a reality.
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