Ventures Platform closes $64 million, elevating Nigerian government as investor
- Ventures Platform raised $64 million in the first close of its $75 million fund.
- The Nigerian government is backing the fund through the iDICE program.
- iDICE is a federal initiative aimed at promoting investment in Nigeria's digital and creative sectors.
The collaboration between Ventures Platform and the Nigerian government through the iDICE initiative presents a unique opportunity to reshape the investment landscape in Nigeria. However, the reliance on state capital raises questions about sustainability and the potential for corruption. It will be crucial to monitor the outcomes of this partnership to assess its impact on the tech ecosystem.
