Minister of Communications, Innovation and Digital Economy Bosun Tijani has announced a fundamental plan to develop the country’s technology industry globally.
This ambitious plan aims to leverage Nigeria’s innovation capacity, develop a conducive environment for technological development, and position the country as a major player in the global technology arena.
The Federal Executive Council (FEC) has launched a transformational project to transform Nigeria’s public sector assets in San Francisco into a state-of-the-art innovation hub.
This centre, which will be called the Nigerian Startup House, will be the starting point for knowledge exchange in Nigeria. This program aims to promote technology and entrepreneurship by giving Nigerians the opportunity to start a real life in the heart of Silicon Valley.
Nigeria’s Startups House is poised to become a powerful force for technology exchange, collaboration and growth and will showcase Nigeria’s growing digital presence on a global scale.
This program supports the ministry’s ambitious vision to position Nigeria as a key player in the global technology industry. By implementing this strategy, Nigeria aims to develop its technology at a global level and stimulate innovation and economic growth in the country.
The hub aims to become a platform for Foreign Direct Investment (FDI) by connecting investors with international organizations and venture capital firms based in the San Francisco Bay Area, known for innovation and financing. The center will leverage the Bay Area’s ecosystem to attract investors from around the world and create a thriving environment for new businesses and economic growth.
The fact that most of the $1.3 billion raised by Nigerian investors in 2023 was financed by Bay Area investors underlines the importance of the location.
Startup House will shed light on developing Nigeria’s startup vision. is available and is raising its profile on a global scale. This increased visibility will attract investors and partners, make Nigerian startups more attractive and foster a vibrant ecosystem.
Similarly, the plan aims to strengthen the Nigerian economy by promoting international cooperation and collaboration, resulting in the country’s development in international technology. Nigeria aims to achieve a leading position in technology, innovation, investment and economic development by joining major players around the world.
The San Francisco Bay Area, including the heart of Silicon Valley, has a total GDP of over $929 billion and is home to more than 200 of the world’s largest companies by revenue. This powerful technology innovation hub offers unparalleled access to resources, knowledge and growth opportunities, making it an ideal location for Nigerian startups.
To facilitate this, the Federal Government of Nigeria, through the Ministry of Communications and Digital Economy (FMCIDE) and the Ministry of Foreign Affairs (MFA), will continue to own the property. However, the consortium of Nigerian technology companies will monitor performance using private financing.
