Nigeria’s Digital Economy Boasts $191 Million FDI Surge

Nigeria’s digital economy saw a dramatic surge in foreign direct investment (FDI) during the first quarter of 2024, reaching a record high of $191 million. This represents a remarkable 900% increase compared to the $22 million recorded during the same period last year. The growth is attributed to initiatives promoting digital transformation, including the expansion of the 3 Million Technical Talent (3MTT) program and significant investment in broadband infrastructure.