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FG to Set Up ICT Development Bank to Fund Industry – Adebayo Shittu

In a bid to promote and encourage young entrepreneurs in Information Communication Technology ICT, Minister of Communications, Mr. Adebayo Shittu, has stated that plans are underway by the Federal Government to set up an ICT Development Bank that will provide funding for the industry.

The minister disclosed this in Yenagoa, Bayelsa State, weekend, during the launch of the Bayelsa Ecosystem and Ignition Week, organised by the Young Innovators of Nigeria in collaboration with the Bayelsa State Government.

Represented by the former Director of National Information Technology Development Agency, NITDA, Mr. Peter Jack, the minister noted that the ICT Bank will among other services, reduced the dependence on commercial banks for funding and also offer lower interest rates and grow the ICT industry.

Source: My Nation online newspaper

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