EnterpreneurCountry, a 133,000-member strong entrepreneurial ecosystem has announced expansion plans for Nigeria with the goal of providing funds for tech startups.
BusinessDay reports Amit Pau, director of EnterpreneurCountry, as saying the organisation’s expansion is in line with its belief frontier markets such as Nigeria will produce the next wave of digital game changers.
“Nigeria remains very attractive to global investors due to the country’s large and young demographic, huge mobile penetration and usage, strong economic growth indices and the lack of legacy issues that more mature markets face when trying to innovate,” he said.
“This is well reflected by the rise of e-commerce places such as Jumia, Konga, DealDey, Gidimall, Jobberman, Paga, iROKO, Kaymu, to name a few.”
The organisation has lined up series of initiatives strategically geared towards addressing the funding vacuum in the country’s emerging technology startup scene.
“We are planning a high-level dinner to which we will invite leading financiers, entrepreneur-friendly banks and other corporates as well as small and medium enterprises (SME) founders, to thrash out all the issues surrounding SME funding and come up with some salient, actionable solutions,” Pau said.