A recent development shows that the Federal Government of Nigeria and the Ministry of Communications, Innovation, and Digital Economy are teaming up to collaborate with the Nigerian Exchange Limited (NGX) to enable startup listings together with the newly-created NGX Technology Board.
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, made this known during a tech event titled ‘Invest in Africa’s Future- Let’s talk about exits-,’ a joint initiative of the Ministry, NGX, and Future Africa in New York.
The Minister noted that Nigeria as a whole has been focusing mainly on oil for the past years, and the need to diversify was very important instead of relying on a particular source. He also said that to focus on other sectors, the government must be willing to increase productivity in those fields.
He said that for Nigeria to reach such a milestone, it was going to be through the application of technology and innovation, on which President Bola Tinubu is actively working.
Tijani also said that his Ministry is working to create a regulatory environment for fintechs, improve digital infrastructure, facilitate the export of tech products and services, access funding mostly from investors, and collaborate with NGX on tailored listing options for startups via its technology board.
Read more: https://www.investingport.com/fg-ngx-to-commence-startup-listing-with-newly-launched-ngx-tech-board/