When discussing development in Nigeria and Africa as a whole, one cannot overlook the African tech ecosystem which has steadily evolved into a hotspot for investors, driven by the continent’s promising potential for remarkable growth. However, lately, VC funding has been witnessing a nosedive. In 2023, African startups secured $3.191 billion in funding, the lowest funding for African startups since 2020’s $2.1 billion. It’s a 36% decline from 2022’s $5 billion total. The funding decline is a ripple effect of a global tech downturn, which has set off a chain reaction of consequences, including …