Law firm, The New Practice (TNP), has urged Nigerian startups to rethink their approach to scaling by embracing debt markets as viable growth tool.
The firm made the case during a roundtable held at its Lagos headquarters, themed “Scaling Smarter: Debt Markets as a Growth Catalyst for Startups.”
Financial experts at the roundtable, led by TNP Partner, Bukola Bankole, dissected why debt is now a better alternative to equity for Nigerian startups, noting that debt forces startup founders to stay alert, responsible, and more financially disciplined.