Vice President Shettima’s recent trip to Sweden has resulted in a significant agreement between Nigeria and Ericsson to establish a 5G innovation lab, marking a major step forward in Nigeria’s tech development.
Nigeria has formed a partnership with the Swedish telecom giant Ericsson by signing a Memorandum of Understanding (MoU) to set up a 5G Innovation Lab.
This initiative seeks to enhance the country’s digital infrastructure and strengthen its technological capabilities.
Stanley Nkwocha, the spokesperson for Vice President Kashim Shettima, made this announcement during the Vice President’s official visit to Sweden.
Ericsson, known worldwide for its leadership in mobile network technology, has been instrumental in the global deployment of 5G networks. Its participation in the innovation lab is anticipated to significantly boost Nigeria’s telecommunications infrastructure by delivering faster internet speeds and improved connectivity while driving technological advancements across various sectors.
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Vice President Shettima’s visit to Sweden, commencing on October 16, 2024, is following directives from President Bola Tinubu.
The focus of the two-day visit is to enhance collaboration between Nigeria and Sweden, especially in sectors like information and communication technology (ICT), innovation, digitalization, and sustainable transportation.
During the visit, Shettima held meetings with key Swedish figures such as Crown Princess Victoria and Prime Minister Ulf Kristersson to discuss potential collaboration opportunities.
The Vice President also interacted with Norrsken, a venture capital firm based in Stockholm, which recently introduced the $205 million tech fund named Norrsken22 to back African startups. It is anticipated that approximately 40% of this fund’s investments will be allocated to Nigerian entrepreneurs, providing essential support for Nigeria’s expanding digital economy.
This strategic partnership with Ericsson supports Nigeria’s objectives of promoting technological innovation and enhancing its digital infrastructure to stimulate economic growth.
