Nigeria’s startup ecosystem has long been the powerhouse of African tech by attracting significant capital despite macroeconomic headwinds.
After raising an estimated $520 million in equity funding in 2024, the nation successfully reclaimed its position as the continent’s top VC destination.
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Folake Balogun
Folake Balogun is a technology journalist covering Africa’s digital economy, with a focus on startups, fintechs, venture capital, artificial intelligence, and emerging technologies. Her work explores the intersection of technology, business, and society, highlighting how innovation is reshaping industries and everyday life across Africa and global markets. She translates complex trends into insightful and impactful stories for a wider audience.
