Share of startups in Nigeria 2022, by launch year

Published by
Doris Dokua Sasu,
May 15, 2023
Most of the startups in Nigeria were launched in 2019. This refers to 15 percent of 481 ventures as of 2022. Also, in 2021, nearly 13 percent of the ventures were launched. Overall, startups in Nigeria are concentrated in Lagos.

Share of startups in Nigeria as of 2022, by year of launch

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Source

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Release date

September 2021

Region

Nigeria

Survey time period

2022

Number of respondents

481 tech startups

Supplementary notes

The source defines startups as young businesses with no guarantee of success, and where people who choose to work forgo stability, substituting it with innovation and the promise of increased growth.

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