Anonymous18 days ago
Nigeria's South East Development Commission has launched a $50 million (~₦70 billion) venture capital fund as the centerpiece of an ambitious plan to grow the region's economy from $40 billion to $200 billion by 2035. Backed by a ₦140 billion federal budget and ₦25 billion from five state governors, the initiative represents the most aggressive government-backed startup intervention in Nigeria's southeast — a region where 75% of the population is under 35 and entrepreneurial talent has long migrated to Lagos for lack of local capital.