How To Find Investors In Nigeria

How to Find Investors in Nigeria: A Comprehensive Guide

If you're an entrepreneur or startup founder in Nigeria, you know that finding investors can be a daunting task. However, with the right strategies, it is possible to secure the funding you need to take your business to the next level. In this guide, we'll explore the best ways to find investors in Nigeria, from networking events to online platforms.

Understanding the Nigerian Investor Landscape

Before we dive into specific strategies for finding investors, it's important to understand the Nigerian investor landscape. Nigeria has a growing startup ecosystem, with a number of venture capitalists, angel investors, and other funding sources available. However, the majority of investment still comes from traditional sources, such as banks and government programs. It's also worth noting that the Nigerian investment market is still relatively young, and as such, there are fewer established investors compared to more developed markets.

Network, Network, Network

Networking is one of the most effective ways to find investors in Nigeria. Attend local startup events, join business associations, and get involved in the startup community in your area. This will give you the opportunity to meet other entrepreneurs, potential investors, and other stakeholders in the Nigerian startup ecosystem.

When attending events, be sure to have a clear and concise elevator pitch prepared. This should be a brief summary of your business, highlighting its unique value proposition, target market, and growth potential. Practice your pitch until it becomes second nature – you never know when you'll meet a potential investor.

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Leverage Online Platforms

In addition to in-person networking, there are several online platforms that can help connect you with investors in Nigeria. These include:

  • Venture Capital for Africa (VC4A): An online community of investors, entrepreneurs, and other stakeholders in the African startup ecosystem.

  • African Business Angel Network (ABAN): A network of angel investors focused on supporting early-stage startups in Africa.

  • AngelList: A global platform connecting startups with investors.

  • LinkedIn: While not specifically focused on startup funding, LinkedIn is a powerful tool for networking and making connections in your industry.

When using online platforms, be sure to tailor your pitch and messaging to the specific audience. Investors receive a high volume of pitches, so yours needs to stand out from the crowd.

Consider Government Programs

The Nigerian government has a number of programs designed to support small businesses and startups. These include grants, low-interest loans, and other funding sources. While these programs can be competitive, they can also be a great way to secure funding without giving up equity in your company.

Some government programs that may be worth exploring include:

  • The Bank of Industry (BOI): Offers a range of loan and investment programs for small and medium-sized businesses in Nigeria.

  • The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN): Provides training, funding, and other resources to small businesses in Nigeria.

  • YouWIN!: A business plan competition that awards grants to winning entrepreneurs.

Pitch to Angel Investors and Venture Capitalists

Angel investors and venture capitalists are two of the most common sources of funding for startups. These individuals and firms invest in early-stage companies in exchange for equity. While these investors may be more difficult to secure than government funding or loans, they can also provide more capital and expertise.

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When pitching to investors, be prepared to share detailed financial projections, market research, and a clear plan for growth. It's also important to have a strong team in place, with complementary skills and experience.


Finding investors in Nigeria can be challenging, but with persistence and the right strategies, it is possible to secure the funding you need to grow your business. By networking, leveraging online platforms, considering government programs, and pitching to angel investors and venture capitalists, you can increase your chances of success.


Q1. Can I find investors outside of Nigeria?

A: Yes, there are many global investors who are interested in funding startups in Nigeria and other African countries.

Q2. How do I know if an investor is a good fit for my business?

A: Look for investors who have experience in your industry, a track record of successful investments, and a shared vision for the future of your company.

Q3. What should I include in my pitch deck?

A: Your pitch deck should include a brief summary of your business, financial projections, market research, and a plan for growth.

Q4. Do I need a lawyer to help me secure funding?

A: While it's not required, it can be helpful to have a lawyer review any investment agreements or contracts before signing.

Q5. How long does it typically take to secure funding?

A: The timeline for securing funding can vary widely, but it's important to be patient and persistent. It may take several months or even years to find the right investors and secure the funding you need.