Ericsson, the global technology giant, is set to establish a $19 million technology hub in Nigeria, aimed at fostering innovation and training tech-savvy youth.
The announcement was made by the Managing Director of Ericsson Nigeria, Peter Olusoji Ogundele, who emphasized the nation’s abundant youth potential and the company’s commitment to empowering the next generation of Nigerian tech experts.
Ogundele highlighted Ericsson’s long-standing relationship with Nigeria, dating back to 1978. He noted that the company was the first to surpass 1,000 telecommunication sites in Nigeria, continuing its tradition of investment and innovation in the country.
“Ericsson sees Nigeria as a vital part of its African operations, and this tech hub will not only enhance the country’s digital ecosystem but also serve as a training ground for young tech experts, who can make an impact both locally and globally,” Ogundele said.
Speaking on Ericsson’s regional focus, Anthonia Huard, Regional Director for North and West Africa, Energy & Transport Lead, described Nigeria as a key focal point in Africa for optimal engagement.
“Nigeria’s youth and growing digital economy are strategic advantages that we aim to harness and contribute to,” she added.
In addition to Ericsson’s plans, Hakan Danhltor, Director of Project Accelerator at Swedfund, expressed Swedfund’s dedication to reducing poverty and supporting sustainable development. He noted that the organization’s investments in Nigeria’s private sector would play a crucial role in this effort.
Meanwhile, Mikaela Edstrom of the Swedish Export Credit Agency acknowledged Nigeria’s recent economic reforms, viewing them as promising steps toward future growth and cooperation.
“We are closely monitoring Nigeria’s reform agenda, which we believe is creating an enabling environment for stronger bilateral ties,” Edstrom stated.
Further strengthening the relationship between Nigeria and Sweden, Nigerian Vice President Kashim Shettima engaged in bilateral talks with Sweden’s Minister of Foreign Affairs, Maria Malmer Stenergard, and Deputy Prime Minister Ebba Busch.
Discussions revolved around expanding cooperation between the two nations in areas such as technology, energy, and education.
During his visit, the Vice President also paid a visit to the Royal Palace, where talks centered on deepening cultural ties between the two countries, reinforcing the already strong partnership.
Ericsson’s proposed tech hub marks a significant step toward Nigeria’s technological advancement, signaling a new chapter of collaboration between Nigeria and Sweden.
The hub is expected to accelerate Nigeria’s role as a regional technology leader and create export-ready tech talent to meet global demands.