The Federal Government, represented by the Federal Ministry of Innovation, Science, and Technology, has officially sealed a Memorandum of Understanding (MOU) with Domineum and Edenbase UK to spearhead the development of Abuja Tech City.
The Minister of Innovation, Science and Technology, Uche Nnaji, signed the agreement on behalf of the government in Abuja on Tuesday.
The minister emphasized that the signing of the MOU marks the commencement of collaborative technology transfer, laying a solid foundation for mutual innovation and progress.
“Tech Cities are the catalysts for rapid industrialization and enhancement of operational synergy within critical sectors. For this reason, the federal government is committed to ensuring sustainable industrialization through the establishment of Tech Cities across the country,” he said.
Originally conceptualized as Abuja Tech Village (ATV) under the administration of former President Olusegun Obasanjo, Abuja Tech City is envisioned as a dynamic Free Trade Zone poised to evolve into a cutting-edge smart and sustainable urban hub.
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The Federal Government through the Federal Ministry of Innovation, Science and Technology signed the Memorandum of Understanding (MOU) with Domineum/ Edenbase UK for the development of Abuja Tech City.
Major goals of the Abuja Tech City: 👇🏽 pic.twitter.com/ZgCVUC1PCp
— Uche Geoffrey Nnaji (@U_GeoffreyNnaji) February 27, 2024
It will be characterized by a vibrant ecosystem comprising tech-driven startups, innovative industries, entertainment venues, educational institutions, green spaces, and beyond.
Abuja Tech City is slated to serve as the distinguished venue for MIST’s Agenda 8 and 9, encompassing transformative initiatives such as the Clean Tech Program and the Green Manufacturing Initiative.
According to the minister, “The Abuja Tech City Ecosystem will be developed by the same consortia that did the London Tech City, which has gone on to become the second most valuable Tech Ecosystem on earth after Silicon Valley. It has produced £61 billion in its fifth year and home to over 5000 companies.”
Nnaji highlighted the aspiration to replicate the success achieved in the past. He extended heartfelt appreciation to all stakeholders, notably Satesh Melwani, Director of Edenbase, Geoffrey Weli-Wosu, CEO of Domineum, as well as the dedicated team and management at the Federal Ministry of Innovation, Science, and Technology, for their pivotal role in reaching the significant milestone.
“We @FmstNg are excited about this initiative and hope to replicate the success of global tech cities across the world to deliver sustainable development and economic growth as we are committed to the #RenewedHope agenda of our President @officialABAT,” the minister said.
The CEO of Domineum Geoffrey Weli-Wosy thanked the Minister for providing an enabling environment for private participation in his vision for building the largest tech city in Africa.
“Domineum/Edenbase are committed to the overall goals of the Ministry, and I would also add that we and our international partners are also committed to bringing the investment needed for this project to be successful,” he said.
The representative of Edenbase Consortium UK, Sunil Satesh Melwani said that they have developed a platform where they have a yearly meeting of technology leaders to see how emerging technologies will develop in the future.
“We have also started a tech fund. We at Edenbase look forward to working in partnership with Domineum to help Nigeria’s ecosystem develop for the technology industry,” he said.
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