Nigerian government will use new technology to help start-ups grow, and remove 100 million people from poverty in the next 10 years.
In a statement reaching Xinhua in Abuja on Tuesday, Minister of Science and Technology Ogbonnaya Onu said the move is in accordance to Nigerian President Muhammadu Buhari’s plan to continue with his administration’s three main areas of focus, which include diversifying the economy, strengthening security and fighting corruption to standstill, from his first tenure.
Onu, while revealing the science and technology ministry was working on a new policy thrust to aid the government’s focus, said the new initiative will help start-ups and entrepreneurs starting from micro-businesses to become full-blown businesses.
According to the official, the process will create wealth, grow the country’s gross domestic product (GDP) and give employment to as many people as possible.
“They may start initially as micro-businesses but over time, these will grow from micro or small to medium and large,” he said.
“This is how wealth is created all over the world and this is how you move people away from poverty and also how the GDP of the nation will grow,” the minister added. Enditem