# Nigeria's Technology & Startup Ecosystem

> Centred on Lagos and its Yaba tech cluster, Nigeria built Africa's largest startup ecosystem by deal volume, home to fintech firms Flutterwave, OPay, Moniepoint and Interswitch. Formalised by the Nigeria Startup Act 2022, the sector's funding position weakened in 2025: Briter Bridge data put Nigeria's share of African venture funding at just 8%, its lowest since 2019, even as overall continental funding rose.

**Category:** Economy & Business · **Updated:** 2026-07-26 19:36:35 · **Canonical:** https://nigeriastuff.org/a/tech-startup-ecosystem

## Key facts
- **Key hub:** Lagos, especially the Yaba ('Yabacon Valley') cluster
- **Governing framework:** Nigeria Startup Act, signed 2022
- **Coordinating agencies:** National Information Technology Development Agency (NITDA); National Digital Innovation and Entrepreneurship Council
- **Notable unicorns/near-unicorns:** Flutterwave, OPay, Moniepoint, Interswitch
- **Africa 'Big Four' 2025 funding share:** Nigeria ~8% — lowest since 2019 (Briter Bridge, Africa Investment Report 2025)
- **Continent-wide funding, 2025:** 178 startups raised over $1.6 billion (Disrupt Africa, African Tech Startups Funding Report 2025)
- **As of:** 24 July 2026

## Sources
- Nigeria posts lowest funding share among Africa's big four as startups raise $3.8bn in 2025 — Techpoint Africa (citing Briter Bridge, Africa Investment Report 2025) (https://techpoint.africa/news/nigeria-lowest-funding-share/)
- African tech startup funding leaps by almost 50% as sector begins to recover from global "funding winter" — Disrupt Africa (https://disruptafrica.com/2026/02/03/african-tech-startup-funding-leaps-by-almost-50-as-sector-begins-to-recover-from-global-funding-winter/)
- Nigeria's Booming Tech Ecosystem Draws Record-Breaking Global Investment — African Leadership Magazine (https://www.africanleadershipmagazine.co.uk/nigerias-booming-tech-ecosystem-draws-record-breaking-global-investment/)
- Startup Nigeria — Nigeria Startup Act — National Information Technology Development Agency (NITDA) / Federal Government of Nigeria (https://startup.gov.ng/)
- Lagos begins Start up Act 2022 implementation process — The Guardian Nigeria (https://guardian.ng/features/law/lagos-begins-start-up-act-2022-implementation-process/)
- Stripe acquires Nigerian fintech startup, Paystack for over $200 million — TechCabal (https://techcabal.com/2020/10/15/stripe-acquires-paystack/)

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