The Minister of Innovation, Science, and Technology, Chief Uche Nnaji, revealed that the Federal Government aims to generate approximately £16 billion (equivalent to N30.4 trillion) from the proposed Abuja Technology City. This announcement came during the signing of a Memorandum of Understanding (MoU) with Domineum/Edenbase, a UK-based consortium, for the establishment of the technology city in Abuja.
Chief Nnaji expressed confidence in replicating the success of the London Technology City, which generated over £61 billion in its fifth year of operation.Highlighting Nigeria’s readiness for collaboration, the minister emphasized that the MoU sets the stage for key participation in the Tech City project, facilitating cooperation for technology transfer between the UK consortium and the federal government.
He reiterated the government’s commitment to sustainable industrialization through the establishment of tech cities nationwide, citing examples such as Silicon Valley and Tech Parks in the UK, Singapore, and South Korea.Representatives of the UK Consortium, Geoffrey Nwosu, and Satesh Melwani, acknowledged the success of the London Technology City, attributing its achievements to effective planning and execution.
