Meta, the parent company of Instagram, says it will introduce a new feature on the social media app in June 2024, to allow Nigerian creators to monetise their content.
The company said the feature will enable Nigerian creators to earn a livelihood through the social media platform.
Nick Clegg, Meta’s president of global affairs, said this when he led a delegation to meet with President Bola Tinubu at the presidential villa on Thursday.
This was disclosed in a statement by Ajuri Ngelale, special adviser on media and publicity to the president.
Also, Clegg expressed gratitude to the president for facilitating an executive order crucial to the landing of Meta-backed deep-sea cable infrastructure in Nigeria.
He said the cable could result in a $37 billion economic impact in the next two or three years in Africa.
“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,” Clegg said.
“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.”
