Three Nigerian entrepreneurs have emerged as winners of the Nigeria Sovereign Investment Authority’s (NSIA) third edition of the Prize for Innovation (NPI), receiving a combined $225,000 prize to improve their trade and contribute to economic progress.
The financing is intended at improving programs in three major sectors: education, agriculture, and health
The NPI Series 3 garnered over 5,000 entries and followed a four-stage competition processSpeaking at the occasion, Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, encouraged Nigerian youths to embrace innovation, promising them of government support.
“The President and his team recognize that 65% of the population is under 30. By 2050, Africa will be the global growth hub. Innovation is where the future resides, and our kids must be encouraged to drive it,” Edun said.
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