Source · Select Committees · Foreign Affairs Committee
Recommendation 11
11
The UK-Nigeria Tech hub is an innovative solution that has the potential to benefit UK...
Recommendation
The UK-Nigeria Tech hub is an innovative solution that has the potential to benefit UK and Nigerian businesses through the exposure of entrepreneurs to would-be investors, peer mentoring and training. The lessons learnt here have the potential to be applied to other situations on the continent. To maximise the effectiveness of this programme we recommend the FCDO champion the role of the UK-Nigeria Tech Hub by: a) ring-fencing funding; b) encouraging collaboration with other government initiatives, such as the Climate Finance Accelerator, to build capacity in the Nigerian finance sector helping green tech start-ups secure seed investment from local sources; c) working across Whitehall to better understand the barriers to SME investment in Africa and how to address them. (Paragraph 33) Strengthening Security at Home and Abroad
Government Response
A response document is linked to this report, dated 13 July 2022. Response attribution to this recommendation has not been verified. Read the response document ↗