Tech firms around the world are having trouble raising money. According to research, investments in the Nigerian Tech industry decreased by 30% by the end of the second quarter of 2022.
Experts predict that 2022 will mark the start of a dry season in the Tech ecosystem after a season of plenty in 2020 and 2021. The situation for the nearly 19,000 individuals working in the around 481 Nigerian tech businesses, however, may not be as dire as it appears from the outside.
There will be layoffs everywhere. African nations, however, often feels the effects of global economic reality later. Speaking about the makeup of tech businesses, “A significant portion of Nigerian start ups are addressing real-world issues. Right now, the economic climate in African nations is still stable.
