Startups grew, but not because of him: How Muhammadu Buhari shaped Nigeria’s tech ecosystem
- Muhammadu Buhari served as Nigeria's president from 2015 to 2023 and has died at the age of 82.
- Under Buhari's presidency, Nigeria's tech startups raised over a billion dollars by 2022, marking a significant growth in the tech ecosystem.
- The Central Bank of Nigeria's ban on cryptocurrency transactions forced many startups to pivot their operations, impacting their viability.
Buhari's presidency has been marked by significant advancements in Nigeria's tech ecosystem, yet his administration's policies often seemed misaligned with the needs of the sector. While the Startup Bill is a positive step, the challenges faced by startups during his tenure highlight the need for a more coherent and supportive policy framework moving forward.
