Nigerian tech startups are springing up which signal growth and technological advancement in a country but it also comes with a fear such as if there aren’t funds to grow such startup, such company might be forced to move to other pastures where investors are more considerate or fail.
Nigerian startups find it hard to raise funds, which is the reason why most startups are not fully founded by Nigerians but by foreigners who are able to find capital themselves.
Investing in any startup is risky no matter where it is in the world, there are more downsides for the investor if such startup should fail. The Nigerian government has the power to help young startups that will strengthen the GDP of the nation. It will also be beneficial to founders who are exposed to forums, seminars or educational resources that will increase their chances when they meet with investors, what you say and present on the table can make or break a startup’s future.
Flutterwave, Moove, Thrive agric, Paystack and Reliance health are among few companies that have peaked the interest of foreign investors and companies in whom they want to partner with but a lot more can be done to accelerate growth in the Nigeria Tech industry.
