NIGERIA GOVT. SIGN MoU WITH UK FIRM TO DEVELOP ABUJA TECH CITY

The Federal Government through the Federal Ministry of Innovation, Science and Technology has signed a Memorandum of Understanding (MOU) with Domineum/ Edenbase UK for the development of Abuja Tech City.

The Minister of Innovation, Science and Technology, Uche Nnaji, signed the agreement on behalf of the government in Abuja on Tuesday.

On Nigeria’s readiness for the collaboration, the Minister said the signing of the MoU laid the foundation for the participation of a key player in the Tech City project by establishing the general framework that facilitates collaboration and cooperation for technology transfer between the two UK consortium and federal government.

Against the backdrop of the over 61 billion pounds the company made in its fifth year of operation of the London Tech City, Nnaji also expressed the optimism that Nigeria would recreate such huge successes from the developer of the London Technology City,

Free Trade Zone

While noting that Tech Cities are the catalysts for rapid industrialization and enhancement of operational synergy within critical sectors, the Minister in a post on X announcing the MOU said the Abuja Tech City will be a Free Trade Zone.

The directive for illegal occupants to leave the Abuja Technology Village underscores a critical step towards realizing the project’s potential.

The Minister of FCT emphasized that the indigenous community had been compensated since 2015, and it was time for the management to take full possession of the land.

SOURCE: EducationRoadMap