Three African start-ups valued at $1bn founded by young Nigerians – NESG

ABUJA, Nigeria– Three out of four digital start-ups valued over one billion dollars, were founded by young Nigerian entrepreneurs, says Asue Ighodalo, Chairman of the Nigerian Economic Summit Group (NESG).

Ighodalo said tech entrepreneurs were able to leverage the digital transformation to succeed and draw local and foreign investments.

“Three out of Africa’s four startup unicorns, valued in excess of $1billion, were founded by young Nigerian entrepreneurs. We celebrate the achievements of Interswitch, Flutterwave and Jumia. We can create and enable many more unicorns.” NESG Chair said.

“I am convinced that our path to greatness lies within our people, but we must inspire and support ourselves to believe in our country and trust our leaders, who must, by their acts, earn our trust.”

Ighodalo made the revelation on Monday in Abuja, during his opening remarks at the 27th Nigerian Economic Summit with the theme “Securing Our Future: The Fierce Urgency of Now”.

Referring to the Summit, he noted that the sessions’ recommendations will build on the successes of previous Summits, driving Nigeria towards a resilient economic recovery, strengthening of partnerships, and unlocking sub-national competitiveness. Collectively, all these will contribute to achieving the Sustainable Development Goals (SDGs) by 2030.

“We eagerly still look forward to the implementation of its key recommendations,” he said, adding that more attention should be given to the young people and various economic sectors that generate revenue for the country and supports the livelihood of most Nigerians.

The NESG boss called on the Federal Government, non-state actors, and ordinary Nigerians to be open to new ideas and innovations that could transform the economy.

“We must act boldly and with courage, in the best interest of all Nigerians.” He said, to secure the future of the country.