Nigeria posts lowest funding share among Africa’s big four as startups raise $3.8bn in 2025
- Nigeria's funding share dropped to 8% in 2025, the lowest since 2019.
- South Africa, Kenya, and Egypt outperformed Nigeria in total funding share.
- Nigeria recorded the highest number of startup deals in 2025, despite lower funding.
The decline in Nigeria's funding share raises concerns about the health of its startup ecosystem and suggests a need for strategic interventions to attract larger investments. It may also indicate a shift in investor confidence, which could have long-term implications for the country's economic growth and innovation landscape.
