Positive Macroeconomic trends in emerging economies, and economic stagnation in the West, have drawn numerous repatriates (repats) to Nigeria.
While many repats have found opportunities in emergent professional sectors such as investment banking and consulting, a recent McKinsey Global Institute study on Nigeria found that Nigeria is developing a large consumer class who by 2030, are projected to number 160 million, and triple their discretionary spending to almost $1 trillion.
Nigeria’s network of venture capital firms, angel investors, and startup incubators, may well be increasing in number, but they typically want to see some form of progress before committing any capital to a venture.
The new avenues of startup capital are beneficial and growing in number
Starter-up.com investor’s group have a part to play in helping more Nigerians fulfill their entrepreneurial potential.
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