The Nigerian government says plans are on the way to establish an Information and Communication Technology Development Bank in Nigeria as part of efforts to make the country an ICT hub in sub-Saharan Africa.
Minister of Communications, Adedayo Shittu disclosed this at the Flag-Off Sensitisation on Government Policies and Programmes of the present administration organised by the National Orientation Agency, NOA in Abuja, Nigeria.
Mr. Adebayo stated that the aim of establishing the ICT Development bank is to provide a bank which will suit the ICT sector in the country.
He also decried the high interest rates charged by commercial banks on inventors and innovators who approach such banks for financial assistance to develop their ideas hence, the need to establish the ICT bank.
“About 100 million dollars will be invested for the development of Telecommunication infrastructures in rural areas of the country by the Government of India” he said
Mr. Shittu also said that the Nigerian government has acquired a Mobile Radio Monitoring equipments to track illegal Radio Station transmission in the country
