Nigerian startups attracted $4bn in 4 years – NITDA

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The Director-General of the national Information Technology Development Agency, NITDA, Kashifu Inuwa said Nigerian StartUps had attracted over $4 billion into the economy in terms of investments.

Mr Inuwa spoke at the Innovation Support Network, ISN, 2023 annual summit with the theme: “Unlocking Potential: Collaborating for Growth and Impact’’ In Abuja.

He said that NITDA currently has over 500 startups, that had either gone through its programmes or those that ran in partnership with other stakeholders within the ecosystem.


Based on statistics, he said, Nigeria had over 3000 startups, which was a far cry looking at the 200million population of the country.


He said the theme of the gathering was not only appropriate but also underscored the reality that collaboration was a new innovation leading competitive edge across all spheres of socio-economic activities.

Mr Inuwa commended the efforts of ISN in sustaining this annual event, adding that its contribution to the growth of tech innovation ecosystem remains invaluable.

He also congratulated ISN on the successful launch of ‘Omniverse’, the premier ecosystem platform for tech, innovation, and connected industries on the continent.

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