Nigeria lags behind in startup funding after four-year dominance
- African startups raised about $2.8 billion in funding by August 2025.
- Kenya raised $879 million and South Africa $848 million, surpassing Nigeria's $186 million.
- Nigeria, once a leader in startup funding, has seen a sharp decline compared to 2024.
The decline in Nigeria's startup funding, despite its vast number of startups, raises concerns about the country's economic environment and its ability to attract investment. Addressing macroeconomic issues and regulatory uncertainties is crucial for reversing this trend. The potential for recovery exists, but it will require strategic efforts to regain investor confidence.
