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Chidoka’s List of VC Funded Naija Companies to Watch in 2022
.... Nigeria is Top Destination for Venture Capital Funding in Africa ($1.37b of $4b)
In 2021, Nigerian start-ups raised $1.37 billion from foreign VC firms amounting to 35% of the $4bn raised by African start-ups.
.... Nigeria is Top Destination for Venture Capital Funding in Africa ($1.37b of $4b)
In 2021, Nigerian start-ups raised $1.37 billion from foreign VC firms amounting to 35% of the $4bn raised by African start-ups.
2/ This amount is more than what Nigeria spent on external debt servicing in 2020 and more than the budget of the bottom five states in the country.
Nigeria was the top destination for VC funding, ahead of South Africa, Egypt, and Kenya.
Nigeria was the top destination for VC funding, ahead of South Africa, Egypt, and Kenya.
3/ However, measured by GDP per capita (which is within the purview of the govt), Nigeria has not done as well. South Africa at $14,239 ranks 5th, while Egypt at $14,023 is 6th. Nigeria, punching below its weight class at $5,280, is ranked 17th
Yet, we led the investment race
Yet, we led the investment race
1. @nnamexi thats another topic for another day but in summary it is the problem of an incompetent, I'll equipped and nepotism riddled bureaucracy. Our civil servants are supposed to be the stewards of national plans but they have turned to distributors of our national patrimony.
2. We need to rebuild our public institutions by
A. Developing open and transparent recruitment process
B. Observe Federal character at recruitment with the best from each state and merit for promotion
C. Use jamb for promotion exams to improve credibility
D. Training.. Training
A. Developing open and transparent recruitment process
B. Observe Federal character at recruitment with the best from each state and merit for promotion
C. Use jamb for promotion exams to improve credibility
D. Training.. Training
3/ E. Build civil service Academies for all grades to instil basic skill, doctrine & national philosphy
F. Discontinue the Administrative Cadre. Stop the movement across ministries (we can adopt short rotations) staff should start and end in one ministry for institutional memory
F. Discontinue the Administrative Cadre. Stop the movement across ministries (we can adopt short rotations) staff should start and end in one ministry for institutional memory
