The Federal Government has announced plans to introduce two new funds under the Investment in Digital and Creative Enterprises (iDICE) programme in 2026 to boost MSME participation in Nigeria's technology and creative sectors.
The new funds — a Creative Sector Fund and a Fund of Funds — will target early-stage startups, support smaller investment funds, and accelerate youth-led enterprise growth across Nigeria.
The move follows the programme's recent $64 million first-close milestone, achieved through a new venture fund anchored by Ventures Platform, the appointed Fund Manager for the iDICE technology component.
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Vice President Kashim Shettima described the development as "a leap forward in unlocking Nigeria's youth potential," while the Bank of Industry's CEO, Dr. Olasupo Olusi, said the initiative would "catalyse high-growth MSMEs and strengthen Nigeria's innovation ecosystem."
iDICE, a $617 million programme co-financed by AfDB, IsDB, and AFD, continues to drive youth entrepreneurship, job creation, and digital inclusion nationwide.
