Nigeria secures $40M Startup Seed Fund backed by Japan to boost tech innovation
- The Nigerian government is launching a $40 million fund for early-stage technology startups.
- Half of the fund will be provided by the Japan International Cooperation Agency (JICA).
- The Nigeria Sovereign Investment Authority (NSIA) will match the other half of the funding.
The establishment of the $40 million fund is a commendable move by the Nigerian government, reflecting a strong commitment to fostering innovation and supporting entrepreneurs in the tech sector. However, addressing the lack of awareness about the benefits of the startup law is crucial for maximizing the impact of this initiative.
