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Nigeria Is Launching A $40M Fund For Tech Startups, Backed By Japan

Summary by POCIT. Telling the Stories and Thoughts of People of Color in Tech.
Nigeria is preparing to set up a $40 million fund to back early-stage technology startups, strengthening its support for entrepreneurs who have typically relied on private investors. Semafor reported that the Japan International Cooperation Agency, the Japanese government’s overseas development assistance arm, is investing half of the fund. The remainder will be matched by the Nigeria Sovereign Investment Authority (NSIA), as Kashifu Inuwa Abdul…
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POCIT. Telling the stories and thoughts of people of color in tech.POCIT. Telling the stories and thoughts of people of color in tech.

Nigeria Is Launching A $40M Fund For Tech Startups, Backed By Japan

Nigeria is preparing to set up a $40 million fund to back early-stage technology startups, strengthening its support for entrepreneurs who have typically relied on private investors. Semafor reported that the Japan International Cooperation Agency, the Japanese government’s overseas development assistance arm, is investing half of the fund. The remainder will be matched by the Nigeria Sovereign Investment Authority (NSIA), as Kashifu Inuwa Abdul…

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POCIT. Telling the stories and thoughts of people of color in tech. broke the news in on Wednesday, March 26, 2025.
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