Nigeria is gradually becoming a major tech hub in terms of startups generation and entrepreneurs’ preferred location for investment in creating hubs, experts say.
The experts made this known during a night out in Lagos which gathered stakeholders in the Nigeria’s tech eco system.
“Digital companies in Nigeria have created thousands of jobs and activities within the eco system and this is striving to consolidate the nation’s status as a top-notch international hub by attracting investors and stimulate entrepreneurship in the industry,” O.O Nwoye, executive director, Tech Circle said.
Nwoye stated that Nigeria is transitioning into a dynamic ecosystem offering fintech startups a platform to potentially grow into million dollar businesses.
This year, tech companies such as Paystack and Flutter Wave received huge funding from abroad to strengthen their mobile payment solutions,” he said.
He said that Tech Circle is part of the national movement to increase entrepreneurship and innovation in Nigeria and the idea is to work with the industry to help launch many more startups.
Also speaking during the event, Kola Aina, cofounder, Venture Platform, said that Nigeria is going to witness the emergence of numerous fintech startups, with investments coming in from both public and private investors.
He explained that there are growing opportunities in IT, biotech and other fields, drawing young, educated professionals to the industry.
Uche Aniche, the convener of StartupSouth, said that the Nigerian eco system has undergone a transformation in recent years. “Thanks to the wave of fresh young talents. Lots of startups and small businesses have taken off, creating a surge of coworking spaces and a collaborative spirit that vital for the success of innovation hubs,” Aniche said.
He said investments in Nigerian companies have grown steadily over the past one year, pointing to a relative improvement of the investment in the ecosystem and a huge amount of money available to invest in startups.
Aniedi Udo-Obong, program manager developer ecosystem, Google, said the Nigeria eco system has enjoyed the support of local and international organisations focused on promoting Nigeria as a tech stronghold Udo-Obong stated that organisations, such as Google are working hand in hand to promote and strengthen the technological hub and fostered links between the innovation efforts of startups.