“The young shoots are springing up in Nigeria. Today, Lagos has its own Silicon Valley. Yabacon Valley has emerged as one of the leading tech hubs in Africa with between 400 and 700 active start-ups worth over $2 billion; second only to Cape Town.”
He cited examples of entrepreneurial successes among young Nigerians, that include Andela, a global technology start-up based in Yabacon Valley, who recently attracted $24 million funding from Facebook founder Mark Zuckerberg.
“The $200m investment by Stripe (a Silicon Valley firm) in the local payments company Paystack, and $400m into three Fintech companies in just one week in 2019 signals the huge potential of Nigeria to attract global digital commerce and financial services,” noted Adesina.
Buhari Government Should Manage Nigeria For All, Not For A Few Section, Religion—AfDB President
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Building a New Nigeria: Imperatives for Shared Prosperity
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