The Federal Government has announced plans to launch two new investment funds in 2026 under its Investment in Digital and Creative Enterprises (iDICE) programme, targeting Nigerian startups in technology and creative sectors.
The announcement coincided with the programme’s kick-off, featuring a $64 million first-close anchor investment in a new venture fund managed by Ventures Platform, a pan-African seed-stage investor.
Vice President Kashim Shettima, Chair of the iDICE Steering Committee, called it “an exciting milestone” that aligns with President Bola Ahmed Tinubu’s Renewed Hope agenda to unlock the potential of Nigeria’s youth.
Ventures Platform was appointed technology fund manager in August 2025 after a competitive bid.
The fund, now backed by IFC, Standard Bank, and British International Investment, targets a $75 million final close.
Dr. Olasupo Olusi, MD/CEO of Bank of Industry, said the investment will scale high-growth tech and creative enterprises, create jobs, and drive economic transformation.
Kola Aina, Founding Partner at Ventures Platform, welcomed the partnership to support young Nigerian innovators.
iDICE’s new funds include:A creative sector fund for startups in media, arts, and design
A fund of funds to back smaller VC vehicles in both sectors
The $617 million iDICE programme—backed by AfDB, IsDB, and AFD, with BOI as implementing agency focuses on skills, finance access, and policy support for Nigerians aged 15–35.
Since 2016, Ventures Platform has invested in over 90 African startups, including Paystack, Piggyvest, Moniepoint, and LemFi.
