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Silicon Valley: Ogun to benefit from $34bn innovation economy

Poised to increase the number of tech startups in the Information and Communication Technology (ICT) in the state, and tap into the $34b innovation economy, the Ogun State government has entered...

Ogun state governor, Dapo Abiodun. Photo/facebook/dabiodunmfr

Poised to increase the number of tech startups in the Information and Communication Technology (ICT) in the state, and tap into the $34b innovation economy, the Ogun State government has entered into a strategic partnership with GetFundedAfrica.

   
In a statement by the Chief Press Secretary to the Ogun State governor, Kunle Somorin, the partnership is to enable the state to benefit from the huge venture capital flows into Africa.
   
Somorin said the partnership by the state through its Bureau of Information Communication Technology (BICT) is also to make Ogun, starting with Abeokuta, an innovation state and destination of venture capital flows, which according to him is in the fulfilment of Governor Dapo Abiodun’s developmental initiatives and leveraging technology and innovation to build Nigeria’s first Silicon Valley.
   
He explained that GetFundedAfrica is a pan-African venture service platform that matches startups, investors, and corporates as well as helped African startups raise over $150m in 2021.
   
Quoting the Head of BICT and the Special Adviser to the governor on ICT, Dayo Abiodun, the statement noted that Ogun as Nigeria’s industrial hub and home to the highest number of tertiary institutions in the country is focused on unlocking a $34 billion innovation economy and happy to partner with GetFundedAfrica to achieve the ICT objective set by the governor.