ICT: Shittu Says Ministry Of Communications Mulls Development Bank - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
May 21, 2019
The Minister of Communications Adebayo Shittu has said that the Ministry was pushing for the establishment of an Information Communication Technology, ICT Development Bank to provide funding for broadband and data infrastructure development.
Shittu announced this during a valedictory news conference organised for him in Abuja.
According to the Minister, the proposed bank would serve as a special purpose vehicle to propel the growth of ICT sector under Private Public Partnership, PPP. He added that the bank would support stakeholders and technology start-ups at low interest rates.
While highlighting some achievements of the ministry under his leadership since November 2015, Shittu said that the country had recorded increased deployment of technology through significant investments.
He said technologies like block-chain, internet of things, artificial intelligence, cloud computing, 3D printing and big data are being adopted by government agencies.