Despite a frail 2020 for the Nigerian economy, there
was a bit of silver lining. The Nigerian Information, Communication, and
Technology (ICT) sector emerged as the leading segment of the economy aiding
the country’s exit from recession by a whisker in Q4 2020.
The development, in effect, justifies to some extent,
the earlier decision of the Central Bank of Nigeria (CBN) to create the
Creative Industry Financing Initiative (CIFI) to support businesses in the