Non oil export: NEPC, NITDA partnership offers 450m grant to innovation Start-Ups

Non oil export: NEPC, NITDA partnership offers 450m grant to innovation Start-Ups

November 30, 2021 0

The Nigeria Export Promotion Council (NEPC) and the National Information Technology Development Agency (NITDA) through the Export Expansion Facility Programme, EEFP are providing about NGN 150 million grant support to innovation hubs across three geo-political zones in Nigeria.

The partnership is also providing another about NGN300 million in grants to support start-ups that are exporting and have the potential to export services in the EntertainmentTech, FinTech, EduTech and LogisticsTech sectors.

The partnership is also working to provide support to the drive advocacy to ensure that the Nigerian Start-up Bill is passed by the end of the year.

The Executive Director/CEO of the NEPC, Olusegun Awolowo, disclosed at an event  to mark the end of his second and final term as Executive Director and Chief Executive Officer of the Nigeria Export Promotion Council (NEPC) in Abuja.

Recall that the NEPC in recognition of the huge opportunity for Nigeria to take advantage of the export of services $4.7 trillion a year market, set up a working group under the Export Expansion facility Programme, EEFP EEFP in partnership with the National Information Technology Development Agency (NITDA), to design and implement initiatives that will grow the Nigeria services export sector.

Some of the achievements of the initiative include the Outsource Nigeria Initiative, financial interventions for six start-ups, support to three innovation hubs, setting up of skills acceleration centers and advocacy support for the Nigerian Start-up Bill.

The Outsource Nigeria initiative aims to train at least 300 youths every 6 months across three geopolitical zones (North West, South East and South West) to be well equipped to export high in-demand digital skills as advised by WEF, thereby taking advantage of the Services Export market and making Nigeria a premium destination for Business Process Outsourcing (BPO). Every cohort of trained youths will potentially earn $9 million per year for the country.

In addition to the grants, the partnership plans to provide the three Centres of Excellence with 1 Gbps Direct Internet Access (DIA) for free for ten years, while the entirety of the respective campuses will have 9Gbps DIA at a cost of one-seventh of a dollar per day.

And to ensure sustainability the digital economy infrastructure, Awolowo said partners have been mandated as part of their project charter, to use part of the revenue generated from the pilot universities to scale the same infrastructure to Nigeria’s over 500 universities,’’ he said.

On sustainability, he stated that the innovation hub at the University of Ibadan has been mandated as part of its project charter to constantly review the curriculum of two undergraduate courses in their custody, GES 301 and ETR 301, to reflect the constant opportunities in non-oil exports, innovation, technology development and the future of work.

This, he said will drive an organic sensitization of about 7,000 youths every session in non- oil exports opportunities.

In his remarks, the Director General of NITDA, Kashifu Abdullahi said NITDA is proud to associate with the NEPC in empowering Nigerian innovation Start-Ups with digital skills that would enhance their outputs and showcase them to the world.

Meanwhile, the outgoing NEPC boss informed that the World Economic Forum, WEF has agreed to set up a Country Accelerator in Nigeria, making Nigeria the 2nd country in Africa and the 14th country in the world where this has been setup.

With the setting up of the centre, he said that Nigeria will be included in the WEF Future of Jobs Report due to be published in 2022.

‘’This we believe will help in mapping the skills available in Nigeria and compare with similar data collected from other countries, thereby giving a better sense of where Nigeria has an advantage in exporting services. We are confident that this will be a good stepping-stone to build a modern labour market information system in the country as part of the Closing the Skills Gap Accelerator. ‘‘The team at WEF were also particular about providing support for the Nigerian Startup Bill and providing their platform for Nigeria to leverage their EduTech partners, to scale up skills acquisition from hundred to tens of thousands of youths through the digital economy infrastructure to be deployed in the universities earlier mentioned,’’ he said.

Source : https://www.vanguardngr.com/2021/11/non-oil-export-nepc-nitda-partnership-offers-450m-grant-to-innovation-start-ups/

Adzer Iwanger
Adzer Iwanger
Adzer Esther Iwanger
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