Nigeria: top cities for startups by quantity score 2021

In 2021, the best city for startups in Africa was Lagos, in Nigeria, with a quantity score of 1.12 according to data provided by StartupBlink. Lagos ranked first in Africa and 61st worldwide. Lagos is the largest city in Africa and represents an important financial hub for Nigeria as well as for the whole continent. The quantity score takes into account different metrics, such as number of startups, number of co-working spaces, and number of accelerators, to establish the activity level of the startup ecosystem.

Leading cities for startups in Nigeria in 2021, by quantity score

Characteristic	Quantity score
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

In cooperation with

Release date

October 2021

More information

Region

Nigeria

Survey time period

2021

Supplementary notes

The source states that the total score of the rankings is a sum of the quantity, quality, and business environment individual scores. The score ranges from 0 to 328.966 points (maximum score awarded to San Francisco, U.S., the best ranked city in the world according to the Startup Ecosystem Rankings 2021 report).

Quantity Score: Takes into account different metrics, such as number of startups, number of coworking spaces, and number of accelerators, to establish the activity level of the startup ecosystem.

Quality Score: Studies parameters that indicate qualitative results achieved by the ecosystem. These parameters include analyzing the traction of the ecosystem’s top startups, as well as reviewing “special entities” the ecosystem has produced: Unicorns, Exits, and Pantheon.

Business Score: It is a mix of business and economic indicators at the national level, discounted for cities that haven't reached a critical mass either for Quantity or Quality.

Citation formats