Social media platform, Instagram, has said it will soon introduce a feature that will allow Nigerian creators monetize their content.
Meta’s President of Global Affairs, Sir Nick Clegg, said this when he led a delegation from Meta Platforms Incorporated to President Bola Tinubu at the Presidential Villa, Abuja on Thursday.
Clegg said the organization has a lot to do with Nigerians and it was ready to partner with the country.
Clegg also thanked the President for an executive order he issued, which enabled the landing of the Meta-backed deep-sea cable in Nigeria.
He said, “It is an extraordinary infrastructure project. When it comes on stream in the first quarter of 2025, it will be twice as much as the capacity of all subsea cables that exist.
“We buried the cable 50 percent deeper than any other subsea cables under the seabed. It is more powerful and more extensive in terms of its geographical connectivity. It could yield up to 37 billion dollars worth of increase in economic activity in the next two or three years across the African continent,” he said.
On the app that will allow Nigerian creators to monetize their content, Clegg, former UK Deputy Prime Minister, said it will be introduced in June.
“We have a lot to do with Nigeria to deepen partnerships,” he said.
On his part, Dr. ‘Bosun Tijani, Minister of Communications, Innovation and Digital Economy, said Meta platforms are critical platforms in Nigeria, and as such opportunities for partnerships and engagement are essential to promoting development in the digital economy sector.
“We must continue to engage to create opportunities for our people so they can also share in global prosperity. Digital technology is an opportunity to connect Africa to contribute to the development of the world,” the Minister said.
