Lagos plans ₦31 billion innovation fund to back startups, hubs
TechCabal - Aug 20, 2025
Lagos plans to allocate ₦31.07 billion ($20.26 million) for innovation funding as part of the Lagos Innovation Bill. The bill mandates at least 1.5% of the annual capital budget to be dedicated to research and development.
49% of Nigerian startups founded in the last 10 years make less than ₦10 million in revenue
TechCabal - Nov 21, 2024
49% of Nigerian startups generate less than ₦10 million annually. 30% of startups took at least four years to secure their first funding.
How Ventures Platform is Fueling Market-Creating Innovations in Africa
Tech Labari - Nov 04, 2024
Ventures Platform's mission to support market-creating innovations in Africa. Investment strategy covering multiple stages from pre-seed to Series A.
Cracking the code: TCVP's Olufemi Oyinsan on navigating Africa's tech startup landscape
Techpoint Africa - Jul 04, 2024
Okada ban in Lagos Currency redesign in 2020 and 2023