FEDERAL GOVERNMENT TO SET UP ICT DEVELOPMENT BANK TO FUND TECH INDUSTRY

Minister of Communications, 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 in order to promote and encourage young entrepreneurs in Information Communication Technology, ICT.

The minister disclosed this in Yenagoa, Bayelsa State.

Shittu noted that the ICT Bank will among other services, reduce the dependence on commercial banks for funding and also offer lower interest rates and grow the ICT industry.

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