FEC approves establishment of N8.9bn national ICT park

The Federal Executive Council has approved the building of the first N8.9 billion National ICT Park during its meeting on February 10, 2021.

This followed the presentation of a memo by the Minister of the Federal Ministry of Communications and Digital Economy, Dr Isa Pantami.

A statement by Technical Assistant (Information Technology) to the Minister Dr Femi Adeluyi, said the Park is the first of its kind due to its nature, activities and the state-of-the-art facilities it will have.

The statement said the Park will also accommodate the National ICT Exhibition Centre, as well as Museum for ICT and postal services, to showcase technology-related innovations by Nigerians.

“The National ICT Park will be supported by the National Digital Innovation and Entrepreneurship Centre (NDIEC) that was earlier presented by the Minister and approved by the FEC on the 11th of November, 2020 and whose groundbreaking was done by Dr Pantami on the 4th of February, 2021.

“Both (the NDIEC and the Park) are legacy projects of the administration of President Muhammadu Buhari. All the parastatals of the Ministry will be involved in managing the National Centres.

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“The National ICT Park would be a focal point for the supervision of both public and private ICT hubs in the country. The N8.9billion Park will be built on a 4,200 square meter land. The Park will serve as a centre for National ICT Policy formulation, Research and Development.

“Through it, the Federal Government will provide the enabling environment for creative Nigerians to come up with innovative technologies.

“The Park will have a number of benefits including boosting the digital economy, provision of space and environment for the growth of innovation-driven enterprises (IDEs), serving as an incubator for cutting-edge technology and a mentorship platform for innovators, amongst others. It will provide a central location for Nigerian innovators with vibrant and developmental ideas to receive mentorship and all that they need to thrive.

“The Minister, Ministry and the technology ecosystem are grateful for the tremendous support of Mr President for the Digital Economy sector. The Ministry will continue to position Nigeria to leverage technology in order to transform Nigeria into a leading digital economy,” the statement added.

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FEC approves establishment of N8.9bn national ICT park

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