Nigeria’s tech startup funding drops to four-year low in first half of 2025.
Nigeria’s tech ecosystem recorded a notable dip in venture capital inflows during the first half of 2025, with startups raising just $176 million—a four-year low since H2 2020.
During its previous boom, Nigeria was the leading hub in Africa. Now, it trails behind South Africa ($344 m), Egypt ($339 m), and Kenya ($227 m) in disclosed funding.
Experts point to global macroeconomic pressures and investor caution as key drivers. Fintech—Nigeria’s once-dominant category—continues to attract deals, but overall volume has declined.
Government and private sectors are urged to revamp support, citing initiatives like Lagos’s tech park and data centre investments as vital to regaining momentum
I’m Adedayo Obadina
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