Top venture capital firms in Nigeria: A comprehensive guide
- Nigeria hosts the most startups in Africa with 3,360.
- Nigerian startups raised $218 million in 2024, accounting for nearly 13% of all funding raised by African startups.
- Moniepoint became Nigeria’s latest unicorn after securing $110 million in a funding round.
The growth of Nigeria's startup ecosystem is a promising sign for innovation and entrepreneurship in Africa, but addressing the challenges faced by startups in securing funding is crucial for sustaining this momentum. The government and private sector must collaborate to improve access to capital and streamline regulatory processes to foster a more supportive environment for startups.
