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Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by presidency: 2:24pm On Jul 09, 2018 |
Office Of The Vice President Press Release Fact Sheet: Global Opportunities In Nigeria's Technology Hub *As VP Osinbajo leads roadshow to showcase growth of Nigeria’s technology & entertainment sectors Vice President Yemi Osinbajo, SAN, will be leading a public-private sector collaborative investment roadshow to the United States, where he will be speaking to global industry leaders in information technology and entertainment at the Silicon Valley in San Francisco and Hollywood in Los Angeles, California, from Monday, July 9 to Wednesday, July 11, 2018. It would be recalled that in recognition of the central role of innovation and technology in the Federal Government’s Economic Recovery & Growth Plan, the Vice President has spoken extensively about the commitment of Government to supporting the growth of technology and creative industries in the country through its policies and reforms. Find below highlights of the growth of technology, creative industry in Nigeria Lagos is one of Africa’s largest markets, with GDP of over $136 billion and significant young population Lagos startups are also building to serve the entire African market, with high quality and relatively lower cost talent Startups like Andela, NESA, and Data Science Nigeria are training developers and Data Scientists Strong community and support system through incubators, accelerators & dev communities Nigeria has recorded significant progress made in recent years with local and international VC funds emerging with over $100 million invested in 2017. Over $100 million raised from VC investors by Nigerian startups. Over $ 40 million raised each by Flutterwave and Andela, and SureRemit recently raised $7 million in an ICO. Government led initiatives (LSETF, Startup Mambilla etc) also providing early stage capital Nigeria’s young population have strong entrepreneurial and risk taking culture, evident in the growing number of innovative companies leveraging technology to solve locally relevant problems Several global technology leaders have launched initiatives aimed at Nigeria, including: Google Launchpad for Nigeria, the first ever Launchpad outside San Francisco Facebook recently launched physical hub space in Lagos GE operates a GE Lagos garage for startups Growth of technology hubs in Lagos has attracted gloabl attention with recent visits by CEOs of Google, Facebook, Microsoft Significant growth in number of Nigerian startups accepted into global accelerators- Y-Combinator, 500 Startups FinTech’s with significant Nigerian operations also raising major funding e.g. Cellulant raised $47.5 million NEW FRONTIERS: Significant strides made by Nigeria’s technology startups: Online and mobile money payment processors and gateways facilitating web payment through different payment methods (card, bank accounts etc.), e.g. Flutterwave processed over $1.2 billion in transactions in 1 year; Paga has acquired 8 million customers since inception Several startups leveraging alternative data sources and data science to lend to the underbanked, e.g. Paylater issuing over 1,000 loans daily with 5-minute disbursements Players leveraging web payment channels to create alternative automated savings products, e.g. Piggybank grew deposits over 3000% in 2017 NIGERIA’S E-COMMERCE CHAMPIONS Jumia has emerged as Africa’s first unicorn acquiring over 1 million customers Innovative players creating new channels in entertainment and media consumption such as Adtech players like Twinpine which has created a mobile ad network for Africa leveraging telco data IrokoTV is the largest distributor of Nollywood content globally Players digitizing an offline health industry and increasing access to healthcare for the mass market e.g. Lifebank, which recently raised $1m to help hospitals better access blood & other health supplies Companies leveraging technology to serve small holder farmers and increase funding for agriculture, e.g. FarmCrowdy has raised over $1 million to build a crowd-funding platform for agriculture and bring Nigeria’s farmers online Startups solving the problem of easing access to physical goods in Nigeria leveraging tech solutions, e.g. Kobo360 has built the ‘Uber for trucks’- matching truck drivers to companies who need their services, and recently raised $1.2M from Western Technology Investment Andela is creating the next generation of tech developers across Africa and providing opportunities for global firms to leverage African talent. Has raised over $80 million from several investors including Chan Zuckerberg initiative Several innovative players building solutions across off grid solar solutions, recycling and environmental protection, e.g. Rensource is building the largest off-grid solar network in Nigeria Laolu Akande Senior Special Assistant to the President on Media & Publicity Office of the Vice President 9th July 2018 1 Like 1 Share |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by ABSAO(m): 2:32pm On Jul 09, 2018 |
1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Alejoc(m): 3:03pm On Jul 09, 2018 |
They should give us some credits.... We have produced MPS for laptop and TV, Phone See signature! 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by RoaringLion11(f): 3:30pm On Jul 09, 2018 |
Osinbajo is making all effort to transform Nigeria into a great economy nation .....good work sir 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Ijogbande: 3:30pm On Jul 09, 2018 |
The VP showing NIgeria to the world!!!!!! This is an avenue for Nigeria to be be put in the global map and tap into the advantage of ben globally know an recognised. May the Lord continue to bless and up hold the VP. 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by DchosenMC: 3:33pm On Jul 09, 2018 |
This our Amiable VP is doing well in the area of encouragement, He do value anything He sees that it can helping thing positively cus entertainment is money and innovations brings progress |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Walexddon20(m): 3:33pm On Jul 09, 2018 |
ABSAO: The working VP is there to make a way forward for the boost in our economy and market Nigeria to the international community. I believe this will go a long way in revamping our economy as well as our image. God bless PYO....God bless Nigeria 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by opeyemicollins(m): 3:34pm On Jul 09, 2018 |
Innovation of this government is what makes it differ from the previous one.technology is a bed rock to a national building. God bless PYO,God bless federal republic of Nigeria. |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by marydada1111(f): 3:35pm On Jul 09, 2018 |
This is the part of the responsibility of the Government under the leadership of the imminent threat of an economy Mr Vice President is at work again...keep working and keep Nigeria growing, may God Almighty continue to strengthen you and your household, My believe is that the trip is going to be fruitful. 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by tallestcash: 3:35pm On Jul 09, 2018 |
THE ACTIVE VP OSINBAJO IS WORKING ROUND THE CLOCK AND MAKING GREAT EFFORTS TO BRING FOREIGN INVESTORS TO NIGERIA, TO CREATE JOBS FOR THE CITIZENS, TO BOOST THE ECONOMY, AND TO MAKE NIGERIA BE AMONG THE WORLD BEST COUNTRIES. GOD BLESS THE OSINBAJO 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Aliance: 3:37pm On Jul 09, 2018 |
Nigeria on the part of greatness under Buhari ? Osinbajo administration...Foreign investors are welcome to our land....Save trip back to Nigeria 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Ijogbande: 3:38pm On Jul 09, 2018 |
There are a lot of avenues to generate capital and funds for the country outside crude oil and the VP has been working on such avenues which include; entertainment, innovation and technology which will bring about a massive boost to the economy of the country. Holllywood alone generates millions for the USA annually and Nigeria though the genius of the VP is walking the same lane and will soon become a global household of economic boost. 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Janetudeh(f): 3:40pm On Jul 09, 2018 |
I strongly believe that the nation will be well-represented by the vice president. God bless Nigeria 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Joylove2324(f): 3:42pm On Jul 09, 2018 |
Osinbajo is truly a blessing to Nigerians,we can see how the man is working day and night for the betterment of Nigeria.Its time for Nigeria to move forward in terms of technology....nice move Mr vice president |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Walexddon20(m): 3:44pm On Jul 09, 2018 |
The working VP is there to make a way forward for the boost in our economy and market Nigeria to the international community. I believe this will go a long way in revamping our economy as well as our image. God bless PYO....God bless Nigeria 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by funso555(m): 3:46pm On Jul 09, 2018 |
Well done Sir, My hard working Vice President is moving Forward.........Thank God we have someone like VP Osinbajo 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Deputy1111(m): 3:53pm On Jul 09, 2018 |
It is an opportunity to have a knowledgeable and hardworking leader like Osinbajo in Nigeria...he is taking Nigeria to a next level...Good job 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Yellowface1220(m): 3:56pm On Jul 09, 2018 |
Very active Vice President, as far as this administration is concern is the Vice President. Keep the good working sir, We believe in your leadership. God bless my Vice President, God bless Nigeria |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by spartanman007(m): 4:00pm On Jul 09, 2018 |
This is an avenue to sell Nigeria to the world and as well let the world know that Nigeria is a country blessed not only with natural resources but with abundant human resources, talents, creativity and innovation. It is also an avenue for the country to look into other means of generating revenue and increase her GPD based not only on crude oil. Most developed countries of the world are countries that develop and invest in their technology and also encourage innovation and creativity. Nigeria to the world!!!!!!!!! 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by muykem: 4:11pm On Jul 09, 2018 |
Just with a little more patient. Nigeria will become a great nation. I believe in PMB/PYO ticket. |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by CSTR1005: 4:24pm On Jul 09, 2018 |
From the first to last poster, they are like clones of each other. If we didn't know better, we would actually be led to believe osibanjo is decent. |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by RedArmy0000(m): 4:38pm On Jul 09, 2018 |
Osinbajo is on the verge of fixing Nigeria economy |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by Deputy1111(m): 4:43pm On Jul 09, 2018 |
CSTR1005: He that is valueless will never value a valuable person.... 1 Like |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by buharitill2023: 4:47pm On Jul 09, 2018 |
OK |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by lonecatt(m): 5:47pm On Jul 09, 2018 |
fake thread with fake comments ,some of the accounts were either opened on the same day or same months . Nigeria yoots is this how you want this country to progress? lalastic lala come and see cloned accounts. this one weak me |
Re: Osinbajo Leads Roadshow To Showcase Growth Of Nigeria’s Technology Sector by jahsharon: 6:06pm On Jul 09, 2018 |
CSTR1005: Please post the name, picture and achievement of you decent biological father. Let us all compare and constrast with Prof. Yemi Osinbajo (SAN). |
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