
Economy
Nigerian Startups Raised Only $11.3m in September, Down 96.9%
September funding collapsed to $11.3m across nine deals from August’s $364.1m, leaving the ecosystem idle ahead of the government’s JICA-NSIA six-fund plan.
Tunde Balogun
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September funding collapsed to $11.3m across nine deals from August’s $364.1m, leaving the ecosystem idle ahead of the government’s JICA-NSIA six-fund plan.

NITDA said the government, Japan’s development agency and the sovereign wealth fund intend to set up six vehicles to co-finance innovative Nigerian startups.