The Federal Government’s Investment in Digital and Creative Enterprises (iDICE) programme has announced plans to launch two additional funds in 2026 that will boost investments in Nigerian technology and creative start-ups nationwide.
Vice President Kashim Shettima, Chair of the iDICE Steering Committee, described the programme’s formal kick-off—anchored by Ventures Platform’s new venture fund—as “an exciting milestone” that will leverage the potential of Nigeria’s youth.
The fund achieved a $64 million first-round close last Thursday, with a target of $75 million. Ventures Platform was appointed as the Fund Manager for the technology component following a competitive selection process.
iDICE now joins institutional investors, including the International Finance Corporation (IFC), Standard Bank of South Africa, and British International Investment (BII), in this initiative.
Vice President Shettima said the programme represents a leap forward in the government’s efforts to unlock young Nigerians’ potential under the Renewed Hope agenda.
Bank of Industry MD/CEO Dr Olasupo Olusi added that the investment will accelerate Nigeria’s technology and creative sectors, creating jobs and empowering high-growth entrepreneurs.
Ventures Platform’s Founding Partner, Kola Aina, expressed confidence in the partnership, saying it will help young innovators bring ideas to life, transforming the economy.
iDICE works across three areas: skills and enterprise development, access to finance, and creating an enabling environment through pro-business policies.
Beyond technology, the programme will launch a creative sector fund and a fund of funds to support smaller funds targeting technology and creative start-ups.
Launched as a $617 million initiative, iDICE supports Nigerians aged 15–35 in order to increase employability, foster innovation, and nurture new entrepreneurs.
The programme is backed by financing from the African Development Bank (AfDB), Islamic Development Bank (IsDB), and French Development Agency (AFD), with the Bank of Industry as co-investor and implementing agency.
Since 2016, Ventures Platform has invested in over 90 African startups, including Paystack, Piggyvest, Moniepoint, and LemFi, building a track record of nurturing high-growth technology enterprises.
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