Investors ask for logical valuations from Nigerian startups
- Kashifu Abdullahi shared that the tech ministry is using a research framework to collaborate with the private sector.
- Nigeria's tech ministry has announced plans to train 3 million tech talents and provide an AI research grant for startups.
- Janade Du Plessis advised Nigerian startups to base their valuations on logic and business ratios.
The NITDA Digital Conference highlighted the importance of logical valuations and increased local involvement in Nigeria's VC industry. The government's efforts to collaborate with the private sector and provide incentives for tech talents and startups are commendable. However, more education for Nigerian investors and a focus on proper corporate governance are necessary for the ecosystem's growth.
