Nigeria Opens $110M Tech Funding Window But Warns Startups Aren't Ready to Use It

The Federal Government has officially opened $110 million in debt financing windows for Nigeria's tech and creative sectors through the iDICE programme. This isn't just another government promise collecting dust — it's real money flowing through two distinct vehicles: the BOI-iDICE $45 million Debt Fund offering up to ₦1 billion at 10% interest with five-year repayment, and the IsDB-iDICE $65 million Murabaha facility backed by the Islamic Development Bank. Both...