N12bn National Digital Innovation, Entrepreneurship Centre to be ready by 2023 - Pantami

user_icon N12bn National Digital Innovation, Entrepreneurship Centre to be ready by 2023 - Pantami Posted by: NOTICE.COM.NG Staff
calendar-icon N12bn National Digital Innovation, Entrepreneurship Centre to be ready by 2023 - Pantami Posted on: 2022-11-23 23:19:22
N12bn National Digital Innovation, Entrepreneurship Centre to be ready by 2023 - Pantami PANTAMI56074

The Minister of Communications and Digital Economy, Prof Isa Pantami, has disclosed that the N12 billion National Digital Innovation & Entrepreneurship Centre would be ready for use by 2023.

Pantami made this known to Press on Wednesday during a site tour of the project in Abuja.

The Minister said young Nigerian People have a lot to benefit from the mega project when completed.

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He said the project is part of President Muhammadu Buhari's diversification initiative.

He added that the centre would warehouse the recently assented Startups Act and its smooth implementation for the benefit of Nigerian People.

"It is our responsibility to ensure that any approval by the Federal Executive Council, FEC, under our supervision is implemented As stated by the agreement.

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"This is exactly why I am here to make sure that the implementation is As stated by the agreement when it comes to the capacity, the rooms, offices, and training centres; based on what I have seen, all these are in alignment with what the federal government approved twice on 11th November 2020 and 6th April 2021. Secondly, the quality of the work is commendable.

"On 5th April 2021 an augmentation was approved by the FEC after my presentation; based on what I have seen, all these have been accommodated. I commend the Director General, National Information Technology Development Agency, NITDA, management team and its board for the policy of government implemented. Their effort is commendable, as the reward of hard work is more work.

"The first project, approved on 11th November, the price is N9.56billion inclusive of VAT, other taxes, and an additional facility was approved on 5th April 2021, N2.65billion, all together it is 12 Billion inclusive of VAT, other taxes. To be fair to you, if not because of the prudent manner NITDA is handling the project, if it was another agency, the project cost would have doubled.

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"The completion date is 36 months, commencing from November 2020; in spite of that, considering that this is a legacy project by President Muhammadu Buhari, we were able to engage the contractors to ensure the completion of the project within this current government.

"There are so many ways, 1001 ways, that Nigerian citizens will benefit from this project when completed.

"First, the National Startups Act, 2022. It was our idea, an executive bill by this Administration. This building will play a significant role in implementing the Startups Act, particularly if you look at the floors dedicated to training. The building will coordinate the issue of tax holiday, pioneering status and intellectual property and other benefits," he stated.

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Earlier, the Director General NITDA, Kashifu Abdullahi, urged the contractor to ensure the completion of the project in record time.

He explained that the centre would impact the growth of startups, manufacturers and investors within Nigeria's tech ecosystem.

The chairman of Cosgrove Limited, Umar Abdullahi, represented by Engr Baba Khalid, commended the federal government for facilitating the project's progress.

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The building project has a total built-up space of more than 1,500 square meters; there are two floors with various categories of short-stay apartments, twelve standard rooms, four two-bedroom apartments, and six studio apartments. Subsequent floors hold a world-class data centre and network operating centre, a double-volume network operating centre and an auditorium.

The second tower hosts the NITDA office spaces, 3D printing Lab, IT museum, media studio, showroom, staff gym, storage unit, sick bay and more.

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