FG, Japan Launch $50m Fund to Boost Nigerian Startups
The Federal Government of Nigeria has partnered with the Government of Japan to unveil a $50 million fund aimed at supporting Nigerian startups, marking a significant step in strengthening the country’s innovation and entrepreneurship ecosystem.
The initiative is designed to provide both financial backing and technical assistance to emerging ventures, particularly those developing solutions to pressing social and economic challenges. Officials say the fund will help startups scale operations, refine technologies, and improve market access.
The collaboration highlights deepening economic and development ties between Nigeria and Japan, with both parties emphasizing the role of innovation-driven enterprises in job creation and sustainable growth. Beyond capital investment, the program is expected to offer mentorship, capacity building, and knowledge exchange opportunities.
Stakeholders within Nigeria’s technology and business community have welcomed the development, noting that access to funding and expertise remains one of the biggest hurdles for early-stage companies. Analysts suggest the fund could stimulate further international interest in Nigeria’s growing startup landscape.
With the launch of the initiative, attention now turns to implementation details, eligibility criteria, and the potential sectors poised to benefit from the program.
