Top 5 Nigerian institutions that should invest in tech startups, but are not

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It is very disheartening to a large extent that some institutions in our country which form a significant part of it too, are not living or performing up to their expectations as they are offering virtually nothing to the society. They have just decided to focus on their own aggrandisement even when they could do well by investing in tech startups near them.

While it isn’t a must for these institutions to invest in such startups, it is very necessary that they do, especially given how much they get from the society and the amount of influence they wield on the Nigerian people. If they do encourage these startups with investments, it would sure put on an upward spiral the emergence of more tech startups.

At this point, how much more do we have to emphasise that the future of Nigeria lies in technology? I’d be listing for our common reasoning some institutions that would do well to invest in tech startups springing up on a daily around us.


1. Religious Institutions

Pastor Godman Akinlabi, the Lead Pastor at The Elevation Church, while speaking at a recently concluded programme on entrepreneurship, Techpoint Inspired, said (to religious organisations) – “don’t ask people to give when you are not contributing in any way to how they make money”.

Actually, I so much align with his school of thought. To be honest, our religious organisations – churches and mosques – are very fond of asking from their members while not contributing to the society.

While it is good and very faithful for the members to give, don’t you think the same should apply to the institution? And a good way to do this would be by accelerating some tech startups (even with equity) in the country. They do have the funds to do that.


This isn’t just a list, but a wake-up calls to all these institutions and even more to start taking part in our future. Tech startups are not just a part of our future as a country; THEY ARE OUR FUTURE, LET’S NURTURE THEM.


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