Nigeria’s startup ecosystem is expected to benefit immensely from the newly unveiled Startup Passport Initiative by Saudi Arabian-based multinational organisations.

The Startup Passport makes it quicker and less expensive for startups to do business across borders,

This platform opens up potentially lucrative markets with a combined population of more than half a billion people.

With Saudi Arabia’s technology sector said to be worth more than $40 billion, the new investments are part of the ongoing plans to transform into an innovation-based economy.

– The Guardian