
Nigeria’s Big Bet $40M to Power the Future of African Startups
Nigeria is gearing up to boost its tech scene with a new $40 million fund aimed at supporting early-stage startups. According to a recent report from Tribune Online, this initiative is a collaboration between the Japan International Cooperation Agency (JICA) and the Nigeria Sovereign Investment Authority (NSIA), with each pitching in half the funding. The goal? To give young tech companies a leg up, reducing their dependence on private investors and strengthening the country’s entrepreneurial landscape.