BREAKING: Nigeria secures $119 million in Gluwa and Ericsson investments for Tech Hubs and MSMEs

BREAKING: Nigeria secures $119 million in Gluwa and Ericsson investments for Tech Hubs and MSMEs

The Nigerian government has announced that it has secured approximately $119 million in investments for tech hubs and MSMEs from Gluwa, a digital wallet service, and Ericsson.

This was disclosed in a press release by Stanley Nkwocha, SSA on Media and Communications to Vice President, Kashim Shettima who was in Sweden to meet global investors at a business meeting with Swedish businesses in Stockholm.

According to the presidency, Mr. Akinola Jones, Director of Gluwa, said the company would train over 30,000 Nigerians in digital skills as part of its contribution to the Renewed Hope Agenda of President Bola Tinubu’s administration.

He was quoted as saying the company is “committing $100 million across Nigeria.”

On his part, the Managing Director of Ericsson Nigeria, Mr. Peter Olusoji Ogundele, announced the company’s plan to build a technology hub worth about $19 million in Nigeria.

He said, “Nigeria has enough youths who can come into that field. We can train them; Ericsson will also take part in it, and some of them we can export to the world, making us another India.

“Ericsson was the first to have over 1,000 sites in Nigeria and continues to invest in the country. We have been here since 1978, and for us, our partnership is an enduring one.”