In a video interview with CNBC Africa, TLP Advisory emphasised that 51% of Nigerian startups face serious difficulties in securing funding, underscoring the fragility of the country’s entrepreneurial ecosystem. Speaking on the findings of their 10-year anniversary report, the firm highlighted that currency instability, regulatory complexity, and limited investor reach are key barriers. The conversation also pointed to the increasing role of angel investors, particularly friends and family, in bridging early-stage funding gaps. TLP Advisory stressed the importance of regulatory engagement, talent development, and stronger intra-ecosystem collaboration to create a more resilient startup landscape in Nigeria.
