Oyedele Urges Startups To Scale As 7 Firms Get $277,000 NSIA Awards

The minister of finance and coordinating minister of the economy, Taiwo Oyedele, has urged Nigerian startups to grow into large companies, saying the country’s economic future depends on it.
Oyedele spoke on Saturday at the final Demo 4.0 Day of the fourth edition of the NSIA Prize for Innovation (NPI), where the Nigeria Sovereign Investment Authority (NSIA) and its partners awarded $277,000 to seven startups.
In his keynote address, the minister, represented by his special adviser on Investments, Marie Ukpere, described small and medium-sized enterprises (SMEs) as the backbone of the Nigerian economy.
He said they sustain millions of livelihoods, provide jobs across the country and...