Nigeria’s Missing IPO Tech Companies and the Message for NGX Technology Board – Tekedia
CATEGORIES
PAGES
FACEBOOK
TWITTER
GOOGLE+
RSS
CATEGORIES
PAGES
PwC Nigeria has a new publication – Growing the Nigerian Technology Ecosystem through the Capital Market – and the message is clear: “The future of countries, businesses, and individuals will be more dependent than ever on their adoption of technology. Economic vibrancy and wealth creation in developed countries have been associated with technological advancements and digital innovation & transformation.” The publication posits that Nigeria could benefit if some of our tech startups list in the capital market.
As a nation, this call is necessary because Nigeria evolves economically every decade. The 1990s brought the decade of new generation banks. At a time those banks led the capital market in the Nigerian stock exchange. In the 2000s, the telcos took over as MTN, Glo and other telecom companies changed the economic structures of the nation. Some of those companies like MTN and Airtel are leaders in the stock exchange today. Of course, the dance of the telcos extended to the 2010s when mobile internet came at scale.
Today, we’re entering a new phase in our entrepreneurial cambrian moment and tech startups are to lead the design. The question is: would they list in Nigeria to refresh the old companies and sectors as they fade? Indeed, if Nigeria’s greatest companies of today cannot make Nigeria’s capital market home, Nigeria will have a massive economic disintermediation which will cripple its economic destiny.
Tekedia Mini-MBA edition 13 (Feb 5 – May 4, 2024) has started; registration continues here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
The NGX Technology Board seems like a good playbook and we need to have many IPOs (initial public offers) therein. The NGX Technology Board was born to fix this paralysis, and tech startups must consider the home nation for IPOs.
More work remains:
Tekedia Mini-MBA edition 13 (Feb 5 – May 4, 2024) has started, join Prof Ndubuisi Ekekwe and our global faculty here.
© 2023 Tekedia. All rights reserved.
Term & Privacy
© 2023 Tekedia. All rights reserved.
Term & Privacy
