Obaseki’s Edo Tech Park targets lion share from Nigeria’s $300m yearly tech investment
The Edo Tech Park, a brainchild of the Governor Godwin Obaseki-led administration, is poised to haul in a lion share of the $300 million technology ecosystem investment at the park’s full maturity.
The Park, scheduled to be launched on December 14, is being developed in partnership with Decagon, an elite software engineering and leadership training institute.
A recent report released by Decagon analyzing the impact of the technology hub, noted that it would take a “share from the about $300M per annum Nigerian tech investment at the park’s full maturity.”
The hub is also projected to contribute about N10 billion to the state’s Internally Generated Revenue (IGR) at maturity, leveraging on the activities of the technology hub and its impact on the local economy.
Director, Strategic Partnership, Decagon, Mr. George Imoedemhe, said the state government conceptualized the idea of the park and invited Decagon, which has a track record of providing bespoke training for software engineers, to drive the project.
The park is part of the state government’s efforts to build the capacity of youths to contribute to the state’s economy, make decent living and discourage the trend of illegal migration by providing the youths with an opportunity to acquire world-class skills in the state and work remotely from Benin for global clients and get paid in foreign currencies.
According to him, “The state government’s choice of Decagon is to drive execution speed by leveraging the experience and expertise of a team already focused on profitably solving this problem and also to ensure sustainability is baked into this initiative, allowing it to remain impactful across successive government administrations.”