The Federal Government of Nigeria has announced plans to launch two new funding initiatives for startups in 2026 under its flagship Investment in Digital and Creative Enterprises (iDICE) programme. The move reinforces the government’s commitment to scaling up investment in technology and creative enterprises, empowering young Nigerians, and driving innovation-led economic growth.
The announcement follows the federal government’s recent participation in the $64 million investment round by Ventures Platform, a pan-African venture capital firm that supports early-stage startups across Africa.
iDICE: Driving Investment in Technology and Creative Sectors
The new funds will target startup ecosystems in the technology and creative industries, providing capital to accelerate growth and scale innovative enterprises.
According to Vice President Kashim Shettima, Chair of the iDICE Steering Committee, the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, aiming to unlock the potential of Nigerian youth through strategic investments.
“The commencement of investing by iDICE is an exciting milestone and a leap forward in the determined efforts of the Federal Government to unleash the full potential of Nigeria’s young people,” Shettima stated.
Structure of the New Funds
The two upcoming funds will include:
- Creative Sector Fund – focused on investing directly in startups within the creative industries, including media, entertainment, design, and digital arts.
- Fund of Funds – designed to invest in smaller venture funds that support technology and creative sector startups, thereby multiplying investment reach and impact.
This dual-fund approach aims to strengthen the startup ecosystem, encourage private-sector participation, and ensure long-term sustainability of investments.
About iDICE
Launched with a $617 million allocation, iDICE targets young Nigerians aged 15-35, providing skills, funding, and resources to scale tech-enabled enterprises. The programme’s objectives include:
- Enhancing employability and digital skills.
- Driving innovation and entrepreneurship.
- Creating new startups in the technology and creative sectors.
The upcoming funds in 2026 will accelerate these goals, cementing Nigeria’s role as a hub for youth-led innovation and digital economy growth.
