Top 4 Startups in Nigeria

Startups in Nigeria

Top Startups in Nigeria

Intro to Startups in Nigeria – Nigeria is currently ranked as the top African country for startups. In addition to a growing economy, Nigeria has the highest number of mobile phone users in Africa, which makes it an ideal location for tech startups. The nation boasts several successful tech companies including Jumia and Konga, which are both valued at over $1 billion. Additionally, Nigeria is considered to be one of the most lucrative markets on the continent for e-commerce, with 64% of all adult Nigerians making a living from it.

There are over 2000 startups in Nigeria and the number keeps increasing daily. There are many startup incubators, accelerator programs and venture capital firms that have contributed to the growth of these startups. In addition, there are also several startup competitions and startup awards that recognize successful startups across Nigeria.

Recommended reading: 5 Types of Business Startups

Currently, the Nigerian government is making an effort to encourage entrepreneurship by providing funding and training to startups. The initiative is called i2i (innovation to innovation) and it aims to connect innovators with mentors.

Nigeria is home to some of the most exciting startups in Africa. From food delivery to healthcare and even television, Nigerian startups are doing it all. Some of these startups have also managed to attract investment from foreign investors, as well as local VC funds.

This post highlights four Nigerian startups that you need to know about and the founders behind them.

The success of startups in Nigeria has opened up a huge potential of opportunity for job seekers. Investors are looking to the country as the next big market, and cities like Lagos, Abuja, and Ibadan are full of innovative startups.

Nigerian startups are also beginning to get more recognition, as more people begin to invest in them. One of the things that stood out for.

Brand new to the startup scene?

Here are some of the top startups in Nigeria and their founders, and it was very interesting to see how these entrepreneurs are leveraging on the opportunities in Nigeria.


Bolaoluwa Ogunlesi is the founder of Flutterwave, a FinTech company that enables businesses to integrate with financial institutions across Africa. His focus is on building a tech ecosystem for Africa by bridging geographical gaps through technology. He studied Computer Science at Stanford University, graduating in 2005.


Femi Akinwale co-founded iROKOtv with his wife. In January 2015, Akinwale and his wife, Veronica Njoku co-founded iROKOtv, an online video streaming service dedicated to African movies and TV series. His first business was a chain of high street fashion stores in Nigeria, which he sold in 2005.

In 2007 he cofounded Aspamed Solutions Limited, a technology company that provide solutions for the healthcare sector. He has also been involved in several other technology companies including Appslab Limited, which was later acquired by Paystack as its technology partner.


Jumia, Africa’s largest online marketplace, was founded in 2013 by two Nigerian entrepreneurs who saw an opportunity to provide a more effective e-commerce experience for African consumers. The company is the brainchild of Rocket Internet, an incubator that has quickly become one of the most successful investors in emerging markets.

Rocket Internet is known for its ability to spot business opportunities and then grow them exponentially through online marketing.

Jumia is a leading e-commerce player in Africa, and has created the largest online shopping mall on the African continent. The company offers over 100 categories of goods including Fashion, Electronics, Home Appliances, Sports Equipment and more.


The Nigerian Ecommerce company was founded in 2012 by Sim Shagaya, Olusiji Ijogun as chairperson and Nick Imudia and Nnamdi Ekeh as the CEOs with Gbagada, Lagos, Nigeria as its headquarter. In its earlier stage, it struggled to get customers and sales. Later on, Konga turned a profit and began creating sustainable revenue.

Your Project Topic: This can be a case study for you to “examine what makes Konga different from other Ecommerce companies and how they’ve managed.” is the leading ecommerce platform in Nigeria and West Africa. With more than 50,000 products from over 2000 sellers on its marketplace, it provides an excellent opportunity for anyone looking to make extra income or even start a full-time business online.


It is important to realize that there are many startups in Nigeria that are doing very well. Although the startup scene is not as vibrant as it was in some other countries, there are still a lot of success stories to inspire you.

If you’re interested in starting your own company, read more about startups today!

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