Nigeria’s Investment in Digital and Creative Enterprises programme is targeting the shortage of capital available to creative businesses as the Federal Government seeks to build a financing system around the country’s growing creative economy.
Speaking at the QEDNG Creative Powerhouse Summit 2.0 in Lagos on Tuesday, National Coordinator of iDICE, Ife Adebayo, said Nigeria had abundant creative talent but lacked the capital, skills, infrastructure and systems needed to turn that talent into sustainable businesses.
The iDICE Programme is an FG initiative implemented by the Bank of Industry to support the technology and creative sectors through skills development, enterprise support and access to finance.
Adebayo said the programme was designed to give creators a path from skills development to enterprise and financing, rather than treating government support as a one-off intervention.
The financing structure includes the iDICE Fund of Funds, which has a minimum target capitalisation of $`170.6 million.
