The Federal Executive Council (FEC) has approved the sum of N8.9 billion for the establishment of an information, communication and technology (ICT) park.
This was disclosed by the Minister of Communications and Digital Economy, Isa Pantami, on Wednesday after the FEC meeting in Abuja.
He said 4,200 square meters of land had been earmarked for the park to be established in the Federal Capital Territory (FCT).
Pantami said the park will be a centre for technological development, adding that it will also boost job creation.
“The wisdom behind the ICT Park is for it to be a centre where public and private ICT hubs are going to be coordinated by the federal government of Nigeria, where young innovators with crazy and disruptive ideas will be mentored and all what they need provided for,” he said.
“We will provide enabling environment for them to utilize and come up with disruptive technologies.
“This is the first of its kind in Nigeria, we have so many parks and hubs but they are regional. This one will be central and will be a centre of job creation for our teeming youths.
“It will be a centre where technology will be developed and incubated. It will play a significant role in reducing unemployment and reduce the gap of unemployability”, he said.
