Facebook founder, Mark Zuckerberg visits Nigeria

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Founder of Facebook, Mark Zuckerberg arrived Nigeria on Monday 30th August.

His unannounced visit first feautured a meeting with tech entrepreneurs and youth in Yaba, Lagos. Yaba is considered to be the tech center of Nigeria and houses numerous creative spaces and tech start-ups.

It will be recalled that Facebook and Mr. Zuckerberg’s own philanthropy has increasingly focused its attention to the continent of Africa. The Chan-Zuckerberg Initiative invested heavily in Andela, a tech and coding company providing training to young tech engineers has generating a lot of buzz in Nigeria and Africa more generally. Facebook is also holding workshops for tech developers this month in Nigeria, Kenya, and South Africa.

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Mr. Zuckerberg delivered some brief remarks at the Co-Creation hub in Yaba expressing an interest in learning more about the entrepreneurial space and activities in Nigeria.

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The tech billionaire’s arrival to Nigeria is not unconnected to the ‘Facebook for developers’ workshop’ for Nigerian engineers, product managers and partners holding on 31st August in Lagos.

The event is expected to help the engineers build better applications and monetise them more effectively.

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Before his arrival, it was earlier announced that the company’s Director of Global product Partnerships, Nigeria’s Ime Archibong was to lead speakers to the event where Facebook would unveil a ten-year roadmap that can help improve Nigeria’s economy.

Facebook is an online social networking service based in Menlo Park, California, United States, which Zuckerberg and his fellow Harvard College students and roommates, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes formed on February 4, 2004.

After its initial public offering, IPO in February 2012, Facebook began selling stock to the public three months later, reaching an original peak market capitalization of $104 billion. On July 13, 2015, it became the fastest company in the Standard & Poor’s 500 Index to reach a market cap of $250 billion.

As of March this year, Facebook had hit over 1.65 billion monthly active users out of which 7.1 million people are daily users from Nigeria. This makes the country Africa’s biggest user of the social media platform.

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