Nigeria's Startups Confront Funding Challenges amid...
International News
August 25, 2023
Start-ups in Nigeria are encountering difficulties in obtaining sufficient funding, with investors expressing concerns about the uncertain economic environment and perceived risks linked to emerging markets. The broader African startup landscape also experienced a 37% drop in funding during the first half of the year, raising $4.1 billion—considerably lower than the $6.5 billion achieved in the same timeframe in 2022.