Nigerian government gets $3m from World Bank to create more innovation hubs

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The World Bank has approved $3 million to support the Nigerian government’s bid to diversify the country’s economy. This is coming after an earlier tranche of $3 million had been provided to support a batch of innovations.

The news was disclosed by the Vice President Yemi Osinbajo at the opening ceremony of the 2018 Technology and Innovation Expo in Abuja.

In 2015, the Vice President himself revealed plans to launch and develop existing hubs.

The Federal government seems ready to revisit the ICT roadmap as the Vice President stated the intention to strengthen innovation hubs and establish new ones by partnering with private sector players.

He also said that the selection process has been concluded for private entities that will implement and manage the hubs.

This is a developing story. 

On May 29, 2018, Techpoint will be hosting 5000+ people at Techpoint Inspired, the biggest tech conference in Nigeria. Register now to book yourself a seat and save the date on your calendar. Interested in sponsoring this event? send an email to

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