China to invest $15bn in Nigeria’s ICT sector




Chinese investors are on the verge of investing $15 billion investment into Nigeria’s information communication technology sector, says minister of Communications, Adebayo Shittu.
Shittu, who was in China last week for a conference on space technology, where he marketed the potential of Nigeria’s cyberspace and telecommunications sector to foreign investors, said the money, when invested, would help diversify the sector into new areas of interest and create over 40 million jobs, especially for the tech savvy youths in the country.
He added that the investment would further open and deepen the sector to automatically accelerate its contribution to national GDP.
“I am happy to announce to you that we are in advance discussion with the Chinese investment communication. They have seen our investment potential and are ready make about $15 billion investment to the ICT sector,” Shittu told stakeholders in Ibadan, Oyo State at a two-day Nigerian communications sector retreat.

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