Nigeria
Africa · Pop. 232.7M · #43 startup ecosystem by EV
Adjacent ecosystems by EV
Startup hubs
Inside Nigeria: top 1 startup hubs
Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.
Startup funnel
Nigeria's power-law funnel
From every VC-backed startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate into the next. Capital figures (where shown) are total VC deployed at that stage.
Enterprise value · 2015–2025
Nigeria grew 15.1× since 2015
Combined enterprise value of every tracked startup headquartered in Nigeria that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How Nigeria stacks up
Peers chosen from the same Africa cluster within ±70% of Nigeria's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Africa ecosystems — combined view
Top ecosystems in Africa ranked by combined EV. Nigeria's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | South Africa | $18.8B | 8.2× | 2 | $406.5M | 969 |
| 2 | Nigeria | $18.2B | 12.5× | 6 | $227.5M | 919 |
| 3 | Egypt | $12.3B | 9.6× | 4 | $416.9M | 834 |
| 4 | Kenya | $8.9B | 10.2× | 0 | $269.6M | 520 |
| 5 | Seychelles | $3.1B | — | 1 | $15.8M | 46 |
| 6 | Senegal | $2B | 98.9× | 1 | $13.5M | 52 |
| 7 | Mauritius | $1.9B | 29.4× | 0 | $19.5M | 42 |
| 8 | Ghana | $1.6B | 5.3× | 0 | $146.9M | 193 |
| 9 | Tunisia | $1.1B | 37.2× | 0 | $5.1M | 110 |
| 10 | Rwanda | $705M | 5.8× | 0 | $13.2M | 57 |
| 11 | Morocco | $653.2M | 8.4× | 0 | $20.2M | 146 |
| 12 | Benin | $601M | — | 0 | $100.1M | 20 |
Patent intelligence
Nigeria startup IP portfolio: 25 patent families
Granted patent families assigned to startups headquartered in Nigeria. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
Premium analytics
What we don't show on this page (yet)
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