Five states eye $121.3 million revenue from ICT-enabled trade initiative

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Five states eye $121.3 million revenue from ICT-enabled trade initiative

^{Published on 2025-03-03 06:22:24 - businessday}

Five Nigerian states are eyeing $121.3 million in revenue by 2029 from an ICT-enabled trade initiative called the LAKKE Project. The

The article from BusinessDay discusses how five Nigerian states—Abia, Adamawa, Anambra, Ebonyi, and Kogi—are set to generate approximately $121.3 million in revenue through an ICT-enabled trade initiative. This initiative, supported by the World Bank and executed by the Nigerian Export Promotion Council (NEPC), aims to enhance trade facilitation and economic development by leveraging technology. The project includes the development of digital trade platforms, capacity building for local businesses, and improving logistics and trade infrastructure. The initiative is part of a broader strategy to diversify Nigeria's economy away from oil dependency by boosting non-oil exports, particularly in agriculture, manufacturing, and services. The states involved are expected to see improvements in trade efficiency, increased market access for local products, and overall economic growth through better integration into global trade networks.

Read the Full businessday Article at:
[ https://businessday.ng/technology/article/five-states-eye-121-3-million-revenue-from-ict-enabled-trade-initiative/ ]

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Five states eye $121.3 million revenue from ICT-enabled trade initiative