Read time: 3 minutes

Americans keen to invest in Nigeria tech sector

By , Contributor
Nigeria , 24 Jan 2024
US secretary of state Antony Blinken.
US secretary of state Antony Blinken.

US entrepreneurs and companies are keen to collaborate and participate in Nigeria's economy, particularly in the technology sector.

That is according to US Secretary of State Antony Blinken, who is visiting Nigeria to discuss bilateral relations.

He mentioned that tech behemoths in the United States are collaborating with Nigerian partners to help meet host President Bola Tinubu's initiative to create one million digital jobs.

"Other companies are hard at work laying undersea cables, using satellite technology to expand access to the internet," Blinken told the audience.

"Our tech incubators are developing Nigeria's next startups. Our venture capital firms are working to finance them," the envoy said.

"So we want to work in partnership to help drive Nigeria's technological revolution, which is creating jobs, its growing businesses, and it's spurring innovations in both of our countries."

Blinken highlighted one of US President Joe Biden's initiatives, the Digital Transformation with Africa Initiative.

He stated that the American administration was working and partnering to promote the development and application of artificial intelligence for good.

Blinken was speaking following a meeting with Minister of Foreign Affairs Yusuf Tuggar.

Daily newsletter