FG Announces $50m Seed Fund For Nigerian Startups

The federal government has announced a $50m seed fund to support Nigerian technology startups as part of efforts to accelerate innovation and grow the country’s digital economy.
The director-general of the National Information Technology Development Agency (NITDA), Kashifu Abdullahi, disclosed this yesterday at the closing of a three-day Global Tech Africa 2026 Conference in Kano.
Abdullahi said the fund, established in partnership with the Japan International Cooperation Agency and the Nigeria Sovereign Investment Authority, was facilitated by NITDA to provide financial support for startups.
He explained that interested startups must register on the Nigerian Startup Portal and unde...