Everyone talking about how tech startups in Nigeria should have better government relations in the face of the current regulatory onslaught are really not addressing the issues which make operating in Nigeria a major disadvantage
In how many countries will the central bank hire a former attorney general to go after a 2yr old startup that is doing a couple of million dollars in revenues and is probably not yet profitable? Why should a company like that have to worry about govt relations?
These are tiny companies. There is no guarantee at all that they will be successful or even still alive in 10yrs. But success or not, at the time you’re still trying to figure out your business model and survival, you have to deal with hostile regulators. *That* is a disadvantage
In the sense that if you leave Nigeria and go do your business elsewhere, you’re unlikely to face the same kind of hassle. Comments like this about an unprofitable 3yr old startup is completely unhinged. It’s not normal 
People should do what they have to do to survive. Lobby, beg, whatever. But these are not conditions that should be normalised. Call your senator or rep but it’s insane
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