NITDA Says Strong Digital Infrastructure Key to Attracting Investment to Nigeria’s Startup Ecosystem
The National Information Technology Development Agency (NITDA) has reiterated that building a strong and reliable digital infrastructure is essential for attracting investment, improving competitiveness, and driving sustainable growth within Nigeria’s startup ecosystem.
The agency made this known during the Africa Fintech Foundry Ecosystem Roundtable 7.0, themed, “The Capital Reset: What Technologies Are Still Fundable in Africa?”
Speaking on behalf of the Director General of NITDA, Kashifu Inuwa, the Special Assistant on Digital Transformation to the DG, Muhammad Aminu, said investors are increasingly attracted to startups operating within ecosystems supported by dependable digital infrastructure and clear regulatory frameworks.
According to Aminu, digital infrastructure extends beyond internet connectivity and includes cloud computing systems, digital identity frameworks, payment infrastructure, data exchange platforms, interoperability standards, cybersecurity architecture, and emerging artificial intelligence technologies.
He noted that these foundational systems help reduce operational challenges for startups, allowing founders to focus more on innovation, customer acquisition, and business expansion rather than building core infrastructure independently.
Aminu explained that from an investment perspective, robust digital infrastructure lowers uncertainty and operational risks, enhances scalability, and reduces the cost of expansion, making startups more appealing to both local and foreign investors.
He also highlighted several government-led initiatives aimed at strengthening Nigeria’s digital ecosystem. These include sovereign cloud projects, data interoperability frameworks, cloud adoption policies, cybersecurity and data governance reforms, as well as the implementation of the Nigeria Startup Act.
The NITDA official further stressed the importance of policy consistency and regulatory clarity in sustaining investor confidence in the technology sector.
On talent development, Aminu said the agency is prioritising human capital development through the 3 Million Technical Talent Programme, describing skilled manpower as a critical component of digital infrastructure.
He concluded that a well-structured digital infrastructure framework would not only reduce the cost of innovation but also strengthen investor confidence and support the long-term growth of Nigeria’s startup ecosystem.
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