As of 2022, most startups in Nigeria specializedd in fintech. This referred to 36 percent of 481 ventures. Moreover, ventures operating in the area of e-commerce and retil-tech occupied around 12 percent of the total, while the share reached 9.4 percent for e-health startups. Overall, startups in Nigeria are concentrated in Lagos.
Share of tech startups in Nigeria as of 2022, by sub-sector
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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Disrupt Africa. (September 15, 2021). Share of tech startups in Nigeria as of 2022, by sub-sector [Graph]. In Statista. Retrieved December 27, 2024, from https://www.statista.com/statistics/1337956/share-of-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. "Share of tech startups in Nigeria as of 2022, by sub-sector." Chart. September 15, 2021. Statista. Accessed December 27, 2024. https://www.statista.com/statistics/1337956/share-of-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. (2021). Share of tech startups in Nigeria as of 2022, by sub-sector. Statista. Statista Inc.. Accessed: December 27, 2024. https://www.statista.com/statistics/1337956/share-of-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. "Share of Tech Startups in Nigeria as of 2022, by Sub-sector." Statista, Statista Inc., 15 Sep 2021, https://www.statista.com/statistics/1337956/share-of-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa, Share of tech startups in Nigeria as of 2022, by sub-sector Statista, https://www.statista.com/statistics/1337956/share-of-tech-startups-in-nigeria-by-sub-sector/ (last visited December 27, 2024)
Share of tech startups in Nigeria as of 2022, by sub-sector [Graph], Disrupt Africa, September 15, 2021. [Online]. Available: https://www.statista.com/statistics/1337956/share-of-tech-startups-in-nigeria-by-sub-sector/
