How Nigeria start-up house will drive ecosystem

Nigeria's Federal Executive Council has given the green light to transform a government property in San Francisco into the 'Nigeria Startup House,' a hub for digital technology exchange programs. Chika Nwobi, the CEO and Founder of Decagon, shared insights on this development and its impact on Nigeria's tech ecosystem in an interview with CNBC Africa. The move to establish a presence in Silicon Valley is seen as a strategic step to enhance visibility, credibility, and access to capital for Nigerian tech startups. By showcasing Nigerian innovation and talent in the global epicenter of tech, the Startup House aims to attract investment and foster collaboration with industry leaders. The approval of a consortium of Nigerian tech companies to manage the facility underscores a community-driven approach to sustain operations and promote growth in the tech sector. The initiative is not just about activating 'dead assets' but also about unlocking Nigeria's untapped potential and positioning the country as a competitive player in the tech space. As Nigeria seeks to address connectivity challenges, a plan to deploy 90,000 kilometers of fiber optic cable signals a commitment to expanding digital infrastructure nationwide. This ambitious project aims to bridge the digital divide and ensure that all regions have access to high-speed internet, enabling inclusive development and empowering the next generation of innovators. While fintech remains a key player in attracting investments, emerging sectors like enterprise SaaS present new opportunities for local solutions to address pressing challenges. As the tech landscape evolves, a focus on sustainable growth and infrastructure development will be crucial for Nigeria to leverage its tech ecosystem effectively and drive economic progress. The Nigeria Startup House represents a significant milestone in the country's journey towards tech innovation and global competitiveness, setting the stage for a transformative impact on the economy and society.