The start-up eco system in Nigeria is steadily growing. In 2021 alone, Nigerian start-ups topped the list in Africa by attracting the maximum FDI in 2021 with over $1.6 billion Foreign Direct Investments (FDI).
The start-up ecosystem in Nigeria is steadily growing. In 2021 alone, Nigerian start-ups topped the list in Africa by attracting the maximum FDI in 2021 with over $1.6 billion in Foreign Direct Investments (FDI). In terms of number also Nigeria has the maximum number of start-ups in Africa. The country has about 3,313 start-ups, five times more than Egypt and 13 times more than Kenya.
This was revealed by the Deputy Director of Policy Innovation Centre (PIC), Dr. Osasuyi Dirisu, at a workshop for Digital Transformation in Nigeria, organised by the Nigerian Economic Summit Group (NESG), Foreign, Commonwealth and Development Office (FCDO) and Policy Innovation Centre (PIC) during last the weekend in Abuja. He observed that the number of Unicorn companies that have been created out of a digitally enabled society was a true barometer of a digital economy.
The Nigerian government is also taking appropriate steps to create an enabling environment for the establishment, development, and operation of the Startup ecosystem. The Nigeria Startup Bill 2021 has been regarded as an initiative by the Nigerian Tech start-up system and the Federal Government to harness the potential of the digital economy. The Bill was passed by the Nigerian Senate on July 20, 2022, and is currently awaiting the President’s assent.
Also read;
https://trendsnafrica.com/
https://trendsnafrica.com/
