If you’re an entrepreneur in Nigeria, chances are you’ve been heavily involved in several conversations that have something to do with getting funds to scale your business operation. The struggle to expand one’s fund raising options is so real that failure could lead towards the exit path. Conversely, the idea of bootstrapping has since become a appealing survival strategy.
But in spite of these challenges, more opportunities to access funding continue to awaken for Nigerian startups. Thus far into the new year, the sheer number of firms calling on startups to apply for funds have been overwhelming. The height of it is seeing calls for application from neighbouring countries; like in the case of Outlierz, a seed investment firm based in Morocco, that is offering African startups up to $200,000 in investment.
This not only shows that there are indeed opportunities in hidden places, but there is a level playing ground for Nigerian and African businesses that want to build the most innovative solutions. Surprisingly, only few of these opportunities have been taken advantage of. Laying credence to this conclusion is how many founders go on ranting about their failed forays to get fund, despite these…