The fund - targeting 15 to 35-year-olds - comes at a time when there are concerns locally about the failure of U.S. startup-focused lender SVB Financial Group, which has supported startups in Nigeria.
Vice President Yemi Osinbajo launched the $672 million fund under the Digital and Creative Enterprises Programme in the federal capital Abuja, the presidency said in a statement. The government through Bank of Industry Nigeria will release $45 million while the private sector pledged $271 million.
MYANC would do a similar thing except that $667 million would go to supporting fat obese corrupt comrades and $5 million would end up under someones couch. VoetsekANC AncIsCorrupt
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