Nigerian Web3 startups raised $43 million in 2025, but growth remains early
- Nigeria's Web3 startups raised $43 million in 2025, doubling the previous year's figure.
- 89% of the funding, approximately $38 million, was concentrated on stablecoin-related finance products.
- Early-stage deals accounted for $13 million, primarily in pre-seed and seed rounds.
While Nigeria's Web3 sector shows promising growth and investment, the heavy concentration on stablecoin products and early-stage funding raises concerns about the long-term sustainability and scalability of the ecosystem. The regulatory landscape is evolving, but the lack of clarity could hinder innovation and deter potential investors.
