Kashifu Inuwa Abdullahi, Director-General of National Information Technology Development Agency(NITDA), has said the Nigerian start-ups attracted over $1.5 billion investments in 2021.
Abdullahi,stated this at the virtual NITDA Nigerian Innovation Ecosystem Engagement 2022, where he also disclosed that the
attraction of over $1.5billion by Nigerian start-ups represents 35% of total investments in Africa in 2021.
He said:”It is amazing that you have succeeded in building the most investment appealing ecosystem in Africa, attracting over 1.5billion USD representing 35% of total investment in Africa in 2021.This is unprecedented, but for me, there is no passion playing small and settling for leading only in Africa, if we can compete globally.
“We have the talent, passion and energy to be reckoned with globally. I believe we can, but how? It is simple, to win in the global market, we must first win in building trust within the ecosystem.
“Today, we have a golden opportunity to achieve that. If we fail now, I don’t know when we can.”
He noted that the promotion of the indigenous content agenda of the President Muhammadu Buhari’s administration has remained one of the focal points of NITDA), calling for a more robust collaboration between the Agency and local start-ups in the country.
He said the promotion of indigenous content, which is one of the strategic pillars of the agency’s Strategic Road Map and Action Plan 2021-2024, was designed specifically to create opportunities for the development of homegrown solutions to meet the country’s needs as well as create wealth for the nation.
1021300cookie-checkNigerian Start-Ups Rake In $1.5bn In 2021