The Vice President Professor Yemi Osinbanjo, says startup ecosystem is one of the vital tools in finding solutions to Africa’s various challenges.
He stated this, in a message to an event organized by an international ICT body, said these challenges will determine if the continent’s future as the next frontier for economic opportunities will fully be realized.
The Vice President, represented by Director-General, National Information Technology Development Agency (NITDA) Kashifu Inuwa Abdullahi stated that the theme of the event “The African Start-up Ecosystem Opportunity” is apt because the startup ecosystem is critical to the future of Nigeria and Africa at large.
He pointed out that such innovations bring relevant stakeholders together to collaborate and bring something altogether new to the industry.
The Vice President stated that according to startup reports, Lagos is the most valuable startup ecosystem on the continent, having 400 to 700 active startups valued at over $2Billion dollars.