According to a BusinessDay report, Nigerian tech startups raised $191 million in equity funding between January and October 2025. This was a steep drop from the $300 million recorded in the same period in 2024. The decline represents a 57 percent year-on-year fall.
It was against this backdrop that Andersen’s collaborating law firm, The New Practice (TNP), tried to redirect the conversation for startup founders. The firm highlighted the opportunities in the debt market during a roundtable held at its Lagos headquarters. The session was themed “Scaling Smarter: Debt Markets as a Growth Catalyst for Startups.”
The event was moderated by TNP partner, Bukola Bankole. It featured a strong lineup of speakers. They included Temi Popoola, Group CEO of NGX Group; Timchang Gwatau, Sector Head for Non-Bank Financial Institutions at GCR; Seyi Ebenezer, CEO of Payaza Africa; and Adeadyo Aderoju, Lead for Structured Products at Norrenberger.