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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Tech

Facebook Will Launch a New Job Training Program and Startup Incubator in Nigeria Next Year

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November 22, 2017, 8:12 AM ET

Facebook will open a “community hub space” in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a training program in fast-growing Africa.

The U.S. social media company said the center would host an “incubator program” to help develop technology startups, while it will also train 50,000 Nigerians in digital skills.

Africa’s rapid population growth, falling data costs, and heavy adoption of mobile phones rather than PCs is attracting technology companies looking to attract more users.

Facebook (FB) did not provide details of the period over which its planned training would take place in Nigeria, which is Africa’s most populous country with 180 million inhabitants.

“We understand the important role Facebook plays here in Nigeria with developers and startups and are invested in helping these communities,” Emeka Afigbo, its regional head of platform partnership, said in a statement on Wednesday.

Facebook said the training—aimed at software developers, entrepreneurs, and students—would be offered in cities including the capital, Abuja, Port Harcourt in the south, Calabar in the southeast and Kaduna in the north.

[fortune-brightcove videoid=5534150943001]

Last year Facebook founder Mark Zuckerberg visited technology companies in Lagos and his charitable foundation provided $24 million to Andela, which trains developers.

Google’s chief executive in a July visit to Lagos said the company aimed to train 10 million people across the continent in online skills over the next five years. He also said it hoped to train 100,000 software developers in Nigeria, Kenya and South Africa.

Although Africa may not offer as much opportunity to add consumers as China or India, because large wealth gaps mean that many people in places like Nigeria have little disposable income, Facebook said more than 22 million people already use its social media website every month in Nigeria.

Widespread poverty means mobile adoption tends to favor basic phone models. That, combined with poor telecommunications infrastructure, can mean slow internet speeds and less internet surfing, which tech firms rely on to make money.

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