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Top 10 Online Savings Platforms In Nigeria 2020 With High Interest Rate

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money-making businesses and online savings platforms

10 Best Online Savings Platforms In Nigeria That Pays Higher Interest Rates

The need for savings especially among young Nigerians who are left to fight their way to financial freedom through the little money they earn from various sources cannot be overemphasized. We all know that commercial banks are the most popular choices for savings aside contribution and thrift schemes that mostly go on in rural areas of Nigeria, although there are now online daily contribution platform that helps automate your savings process without having to incure the risk of giving a local daily contribution collector your money.

Even though the two major reasons of saving money in digital savings platforms in Nigeria is to raise some money over a savings period and earn interest in your money, Nigerian banks seem to perform poorly are regards to interest, infact, they take from customers.

These and some other reasons have led to the emergence of other digital savings platform in Nigeria that helps Nigerian savers to save money and earn high-interest rate than commercial banks.

According to a one-stop comprehensive reference for international financing and investment, Deposits.org — the interest rate for savings accounts in Nigeria can be up to 3.6% (as at June 2018). This is way much small when compared to how much interest rate banks charge for a loan which is as high as 19% and 22% for personal loans.

Read: 10 reasons why you must start saving

Even though the banks have other packages (Like fixed deposit) that offer higher interest rates, these 10 digital savings platforms mentioned in this article are dedicated to paying a higher interest rate on savings than banks.

Are you looking for

  • where to save money in Nigeria and get higher interest payout
  • how to manage and save money in Nigeria
  • best bank to save money in Nigeria
  • how to save money every month in Nigeria
  • how to save money from Salary in Nigeria
  • best digital savings platforms in Nigeria this year
  • best online savings platform in Nigeria

Then, this article if for you. Below are;

Top 10 Online Savings Platforms In Nigeria

  1. SumoTrust

Sumotrust savings and investment platform in nigeria

SumoTrust is an online savings platform that helps you save and invest money automatically. The platform is targeted to Nigerians and pays 10-15% interest Annually. Sumotrust as one of the best online savings platform in Nigeria comes with lots of interesting features.

One of the good features that made SumoTrust number one on this list is its high taste for customer’s account security. Even if your Sumotrust account gets hacked, the hacker won’t be able to change your bank details and withdraw your money, a KYC form will be needed to be submitted before the approval to change bank details can be given. Sumotrust as the best digital savings platform also uses a powerful blockchain security protocol to protect accounts that has it activated.

It is also on a quest to raise 1 Million African entrepreneurs in partnership with Entrepreneur Platform to access discounted-free Online Business Academy for its users and African business forum to collaborate and work with like minds in building better and sustainable businesses.

With Sumotrust, you also get access to various business leaders in different industries at discounted fees (for business consultations) to help you grow and scale your business.

Even though you can use Sumo Trust to save for any reason (Business, travel, school, emergency funds, school fees, shopping, property, etc) it’s core value is tailored to helping young Africans build wealth with little efforts.

Sign up and start saving with Sumo Bank at Sumotrust.com

  1. PiggyVest

piggyvest and sumotrust are secure savings platforms

PiggyVest just like Sumotrust is an online and mobile app savings platform poised to helped young Africans save money automatically. With PiggyVest, you enjoy flexibility savings which allow you to save daily, weekly or monthly. Users on PiggyVest can save towards a specific target or choose to place a withdrawal restriction on the account. There’s is a limit to the amount of money that can be saved on one’s account at a time.

On the PiggyVest digital savings platform, there is an allowance for 4 free-of-charge withdrawals annually which comes quarterly, (the last day of every quarter). You can as well choose your own free withdrawal dates and withdrawals outside these 4 days attracts a service charge of 5% withdrawal fee.

You can also use the Piggyvest app as one of the online investment platforms in Nigeria

  1. CowryWise

Cowrywise savings platform

CowryWise is another saving and investment platform that pays higher interest rates. You can also access loans on the CowryWise platform. A high saving score increases the chances of getting a loan on CowryWise. The online savings platform pays 10-15% Interest annually and it’s paid on a daily basis to you account.

  1. Alat

Alat by wema bank savings platform

ALAT by WEMA is the first fully digital banking experience, not only offers you basic banking services but also allows you to pay bills through the Alat platform. The bank’s debit card is delivered to the account holder’s address at no cost.

Note: Just like with traditional banks, ALAT charges you a monthly debit card maintenance fee.

Also, the interest of 4.2% is paid to a user on the condition that you do not withdraw more than 3 times a month. ALAT has some savings plans that offer up to 10% interest rate. One of it allows you to make withdrawal of 50% of your savings once in every 30 days while another doesn’t allow withdrawal.

Related: Best investment opportunities in Nigeria

  1. KoloPay

kolopay savings platform

The KoloPay Savings platform in Nigeria allows you to save money towards planned goals over a period of time. One remarkable feature with KoloPay is that you can’t withdraw some part of your savings, but can only withdraw the whole amount even before a goal’s due date.

The KoloPay platform allows you to share your savings goal with anyone (friends and family) and lets them help contribute to the achievement of the set target.

The KoloPay savings platform pays you 6% interest per annum.

6.  PayDay by ARM

PayDay savings platforms

PayDay by ARM allows you to create a savings goal and invests the fund on behalf of the savers in mutual funds account.

The online savings platform in Nigeria pays you 12.6% Interest rate. Minimum withdrawal is 1000 naira with a NEFT Withdrawal charges fee of ₦52.50.

You will need a debit card to fund your PayDay account, Investors attracts a 1% convenience charge from the card payment platform provider. The charge is capped at a maximum of ₦1,500

Related: Best investment banks in Nigeria

7. KudaBank

kudabank digital banking platform in nigeria

KudaBank (Formely KUDI Money) platform, is a digital banking platform for the free. they have savings-automation which is very convenient and accurate. Just like other savings platforms, yоu will also have to link your dеbіt account to your kuda bank account and set your savings plan ѕuсh аѕ daily, weekly or monthly. Once that has been done, Kudabank automatically deducts money from your bank account on the due date and сrеdіt your savings account оn аn interest rate that іѕ uр tо 10% per annum.

It is also secure and easy to use and can go a long way to help you put your spending under control.

There’s also a Kuda Bank Spend Account that works lіkе a current account which аllоwѕ you to withdraw аt аnу tіmе and there іѕ no minimum withdraw-able bаlаnсе.  But unlike your regular current account, уоu earn an interest оf 3% реr annum, accrued dаіlу оn your bаlаnсеѕ.

And about loan opportunity, Kudabank savings and spending account users are qualified tо enjoy low-interest loans.

Platforms supported: Android, iOS and Web

Intеrеѕt rаtе: Instant save – up to 25% interest per annum, Automatic savings – up to 10% per annum, Spending account – 3% per annum (with no limit on withdrawal)

Savings rеwаrdѕ: Nоnе

Iѕѕuеѕ debit card: Yes

Withdrawal charges: No

Mіnіmum withdrawal: Nоnе

How to fund: Manual bank deposit, debit card, and online transfer from banks.

Sign up and start saving with Kuda bank at https://kudabank.com/

8. CashboxNG

cashbox and sumotrust are secure savings platforms

CashBox is a secure online savings platform that helps customers cultivate a healthy saving habit and also earn high interest on their savings. The platform helps users control when and how they save.

Platforms supported: Android, iOS and web

Intеrеѕt rаtе: up to 15% interest paid monthly.

Iѕѕuеѕ debit card: Nо

Withdrawal charges: non-free withdrawal dates

Mіnіmum withdrawal: Not clear

How to fund: Debit card and bank transfer.

Kindly read through the I-invest about page and signup at www.cashboxng.com

9. I-Invest

i-invest investment website

The I-invest platform allows potential investors to purchase securities and treasury related instruments without the aid of a broker directly from their I-Invest app. The application also provides you with a good dashboard to track diverse investment portfolios, provides a convenient way for retail investors to save money whilst earning attractive interest rates from their investments and allows retail investors to help fund infrastructure projects in Nigeria whilst earning an income.

Platforms supported: Mobile – Android and iOS

Intеrеѕt rаtе: Your Interests depends on the I-invest standard rate and the investment portfolio you have selected at a time

Savings rеwаrdѕ: Nоnе

Iѕѕuеѕ debit card: Nо

Withdrawal charges: Not clear

Mіnіmum withdrawal: Not clear

How to fund: Debit card/Account must be linked to your bank account with a BVN.

Referral bonus: Each account has a referral link that can be used to invite family and friends.

Kindly read through the I-invest about page and signup at https://i-investng.com/

The Rankings are based on my personal view and opinion which were picked from the following points below.

  • Interest payout
  • Value-added to users
  • Customer support
  • Trust

Let me know what you think in the comment section.

Related: How to save if you’re planning on buying a house

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5 Steps To Registering A Foreign Company In Nigeria

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Friend, I want to talk to you about 5 steps to registering for foreign company in Nigeria as well as the basic requirements for doing so. So, congratulations that your business has expanded and you want to partner with a foreigner to take it to another level. Or, you are a foreigner and you want to start a subsidiary of your business in Nigeria or even open a main company of the business in Nigeria. Beautiful, Nigeria welcomes you and you are welcomes to open and run your foreign company or beautiful here in Nigeria.

However, there are certain things that are required by law for you to obtain and there are certain steps that you need to take before you can register a foreign company in Nigeria. So, in this guide, I share with you about five of those requirements and steps to registering for foreign company in Nigeria.

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Step 1: Register Your Company/ Business with the Corporate Affairs Commission of Nigeria (CAC)

The first requirement or step is for you to register your company or business with the Corporate Affairs Commission of Nigeria (CAC). This is an agency of the Federal Government of Nigeria that is saddled with the sole responsibility of registering both local and foreign companies, entity and business in the country. One of the requirements for registration of a foreign company in Nigeria is that one of the directors of your company must be a Nigerian.

Let’s say for example that you are coming in from the United States of America (USA) to transact business with Nigeria or to register your company in Nigeria. Before you can transact that business or carry out your business in Nigeria, you have to register it and one of your directors must be in Nigerian. All of you cannot be Americans, okay?

Another requirement for you to register your business with the Corporate Affairs Commission as a foreign company is to have a minimum of Ten Million Naira (N10,000,000) share capital. It could be more but that’s the minimum.

Step 2: Register Your Company with the Federal Inland Revenue Service

Now the second requirement is for you to move to the federal Inland Revenue Service to register for your Tax Identification Number (TIN) and VAT. Now, you also obtain your Tax Clearance Certificate for that year.

Step 3: Open a Corporate Account in Nigeria for the Business

Afterwards, moved into any of the commercial banks of your choice in Nigeria and register and open a Corporate Bank Account. When you have opened a corporate account, a Certificate of Capital Importation will be issued to you. All right, it just says that the amounts that each director in your company subscribes to as shareholder in your Memorandum and Article of Association will be paid into the account of that commercial bank. So, it simply means that you have to an extent paid the amount that has been subscribed in your name into the commercial bank and then you be issued with Certificate of Capital Importation by your bank because it’s going to be useful for subsequent step.

Step 4: Register with NIPC

After you have completed step 2 above, you move to registration with The Nigerian Investment Promotion Commission (NIPC). The NIPC is a federal government agency that is saddled with a sole responsibility of monitoring, encouraging, and controlling foreign participation in the business sector of Nigeria.

Step 5: Obtain All Governmental Approval and Licenses

After you’ve completed step above, you obtain all governmental approval and licenses. For example, you will need a business permit. Before your company can transact business in Nigeria, you need a business permit which will be obtained from the Ministry of Interiors. You also need a resident or work permit. Now there’s a difference between the business permit and resident permit. Resident permit simply has to do with your foreigners; the foreigner that are coming to work in Nigeria. This could be your employees, your directors, you founders, your sponsors, etc. If they are coming to work in Nigeria and they are not Nigerians, you will need to obtain a work or resident permit from Combined Expatriate Residence Permit and Aliens Card for Nigeria (CPAC).

So, you will obtain either work or resident permit for each of the foreign employees whereas the business permit is solely to enable your business or your company as a corporate entity to transact business in Nigeria. Now, if you are going to be involved in importation of anything, you would need to obtain your Importation License. If you’re going to be specialized in doing certain things, like production of certain things, you’re going to obtain all your licenses from the governmental bodies and agencies.

Conclusion

In summary, first requirement for registering your foreign company in Nigeria and/or carrying out your foreign business in Nigeria is the registration with the Corporate Affairs Commission of Nigeria (CAC). Second is registration with the Federal Inland Revenue Service for your Tax Identification. The third is to open a corporate account with any Commercial Bank in Nigeria of your choice. You then move to the NIPC to register your objective and your business with them.

Lastly, you need to obtain all governmental licenses like approval, business permit, resident and work permits, importation license, and any other thing like NAFDAC Number. It’s based on what your specialty is and what the objective of your business or company is all about. I hope this helped. If you have any question, do well to drop them in the comment section and I will attend to them. Stay safe!

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Venture Capitalist Firms in Nigeria You Should Trust

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Venture capitalist firms popularly referred to as “VC” are mostly needed for small-scale services. They invest in people’s business and make sure it grows and brings a lot of profit. There are so many of Venture Capitalist firms in Nigeria and while some can be dangerous to ones business, there are others that can be very good and beneficial.

Examples of venture capitalist firms in Nigeria include Venture platform, SPARK capital, EchoVC Partners, Growth Capital Fund, SLA Accelerator LeadPath Nigeria, Lagos Angel Network (LAN), GreenTree Investment Company, Greenhouse Capital, Microtraction, to mention few.

Here is why some or all of these VCs are very good when it comes to investing with them. Some of the ones I list and explain below are what I deem to be the Venture Capitalist firms in Nigeria you should trust.

Venture Capitalist Firms in Nigeria You Should Trust

Venture Capitalist Firms in Nigeria You Should Trust

Top 10 Venture Capitalist Firms in Nigeria You Should Trust

The top 10 Venture Capitalist firms in Nigeria that I will be covering in this article are

  1. Venture platform
  2. SPARK capital
  3. EchoVC Partners
  4. Growth Capital Fund (GC Fund)
  5. Greenhouse Capital
  6. SLA Accelerator LeadPath Nigeria
  7. Lagos Angel Network (LAN)
  8. LeadPath Nigeria
  9. GreenTree Investment Company, and
  10. Microtraction

(1) Venture Platform

Venture Platform was founded by Kola Aina and their major role is to help start-up companies in Nigeria grow. The Company also extends its services and coverage to other parts of Africa which makes it a reliable company to consider when choosing a Venture Capitalist firm to invest in Nigeria. They have helped a number of startup companies to grow example of which includes Piggybank, MobileForms, Jalo, etc.

(2) SPARK Capital

SPARK Capital focuses on building companies mainly in Lagos and its founded by Jason Njoku. They have helped a lot of companies in funding and most of the companies include Paystack, OgaVenue, Drinks NG, etc.

Paystack Company was recently (2020) sold for 200 million dollars which improves the profit of SPARK Capital. Mostly, this venture capitalist receives 30% and more profit. Funding and making Paystack a global company to be sold at that huge amount suggests that they are a good company to invest with.

(3) Greenhouse Capital

Greenhouse Capital was founded by Venture Garden Group with the vision of becoming the biggest Fintech Company in the whole of Africa. It was founded in 2016 and they already have a strong stand when it comes to investment in business. They have helped popular companies from startups to established businesses to become a massive and major business to be reckoned with in Nigeria.

Examples of companies funded and helped by Greenhouse Capital include Flutterwave, Rensource, Riby, TalentBase and many more. Max NG is also one of the companies funded by Greenhouse Capital. Max NG is an okada business just like Opay. For Max NG to still be standing and operating well in Nigeria till date even with the emergence and disappearence of Opay’s Oride, it shows that the Greenhouse Capital is a strong Venture Capitalist to trust in starting and supporting of business.

Related: Why You Should Avoid Venture Capitalists And Angel Investors In Your Business

(4) Growth Capital Fund (GC Fund)

GC Fund just like other Venture Capitalists helps start-up businesses in Nigeria. They support innovative ideas and help to fund them. Their main purpose in funding businesses is building of infrastructure by using technology. Some of the companies that invest with Growth Capital are OMidyar Network, Bank of Industry, and Venture Garden Group. Remember that Venture Garden Group is the founder of another VC company called Greenhouse being discussed earlier. For a VC Company which is Growth Capital to fund Venture Garden Group which later founded another trusted VC Company is very remarkable and shows how strong and trustworthy they are.

(5) LeadPath Nigeria

Leadpath Nigeria company like other VC companies helps in funding other startup companies. But it’s not only startup companies that they fund. Any medium-sized company that is interested in more funding can also go to LeadPath Nigeria for funding.

They support majorly the growth of mobile technology idea and other software and web startup businesses. Leadpath supports with funds ranging from $25,000 to $100,000 for a start-up and several millions later as follow-up.

(6) GreenTree Investment Company

This, just like other investment companies also deal with start-up companies and invest in them to profit from them greatly. They provide a great framework for a company and also help in legal financial advice to the baby company. This company like also others have funded and invented in lots of companies and they were started in 2014. Examples of the companies being funded by GreenTree include Precurio and Big Cabal Media.

(7) Microtraction

Another example of a Venture Capitalist firm in Nigeria to trust is Microtraction. Microtraction also helps in funding of startup companies like others. Microtraction funds in billions of dollars which makes them a high funding company. It doesn’t take a fraud company to this stage of financially funding other businesses in billion dollars but a company that’s worth trusting when choosing a Venture Capitalist firm to invest in. They invest in ideas that are technology-driven and which are proven to be very smart.

Microtraction has funded a lot of popular companies in Nigeria which include Cowrywise, BuyCoins, Wallet.ng, ALLpro, etc. Most of these new companies deal with bank-related businesses and cryptocurrencies. So, if you have an idea about developing a business that deals with saving money or any cryptocurrencies, Microtraction is the venture capitalist firm to trust.

(8) Lagos Angel Network (LAN)

Moving further on the list of Venture Capitalist companies to trust is Nigeria is Lagos Angel Network (LAN). This is also a Venture Capitalist firm that deals with startup businesses and they are very active in Africa. Angel investors are individuals or professionals that come together and raise funds and to invest in startup businesses.

Since being a professional angel investor gives one the idea of a business to grow or not to grow, this venture is definitely among the companies to trust when investing with them. They were founded in Lagos and in the year 2014. Also, they are based in Lagos State, Nigeria and have funded a lot of startup companies located mostly in Lagos. In short, they have funded dozens upon dozens of startup companies.

(9) EchoVC Partners

This is another Venture Capitalist firm you can’t even miss even if you want to. The name speaks volume because the tagline, “VC” is already incorporated into the company name. EchoVC Partners is a Nigeria company that has extended its tentacles to other part of the world like sub-Saharan Africa and North America. It has become an international company which has proved reliable over time. They also help startup companies and invest hugely in them. EchoVC has proved to be a leading Venture Capitalist around the world by investing in some popular companies which include Hotels NG, Care45, Lifebank, MyPadi, etc.

(10) SLA Accelerator

Honorable mention includes the SLA Accelerator which has helped young African women with funding in ensuring a successful career for them. This company has been featured in CNN, CNBC Africa, and other important news outlet in the world.

When looking for a venture capitalist to fund your business ideas, these are some of the best ones to always look out for and you will never regret it.

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Best Locations for Fintech Companies in Nigeria

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Siting a Fintech Company is one thing but getting a good location for your Fintech company in Nigeria is another thing. However, the knowledge of the Best locations for Fintech Companies in Nigeria will help you to save cost and avoid unnecessary risks. Before I go into the full discussion, let me give you some background information on  Financial Technology Companies a.k.a. Fintech Companies.

Fintech (Financial Technology) companies are companies which use the aid of technology (such as internet, applications, etc.) to carry out financial transactions, which used to be carried out only by the conventional banks.

The Payment Systems Vision 2020 initiated by the CBN in 2007 brought to the fore the space for Fintech companies to thrive in Nigeria. This opened up the space for competition between Fintech companies which swung into action. Currently, there are more than 250 Fintech companies in Nigeria, such as Remita, PayStack, Interswitch, Flutterwave, Paga, etc.

The suitability of any location to suit tech startups such as Fintech companies depends on the socio economic policies instituted by the location. This implies that not all locations are best suited to host Fintech companies.

In this article, I look extensively into the best locations to start your Fintech companies in Nigeria.

Top 5 Best Locations For Fintech Companies in Nigeria

This section showcases the best locations for Fintech companies in Nigeria.

(1) Enugu State

Enugu state hosts the premier university in Nigeria started by Nigerians. Apart from the University of Nigeria, Nsukka (UNN), the state also hosts the Godfrey Okoye University, Caritas University, the Rivers State University of Science and Technology, RSUST, as well as other Information and Communication Technology (ICT)-based institutions like the Catholic owned, Our Saviour’s Institute of Science and Technology.

Also known as Coal City, Enugu state owns coal deposits that were discovered in the early twentieth century and are still providing a vibrant source of revenue today. Electricity could actually be abundantly supplied to the state, through the revamping of its Oji River Power Station. In the past, the power station supplied power to all the states in the then Eastern Region.

With a population of 5.6 million people (as at 2006 census), Enugu state has been experiencing advancement in Information and Communications Technology. Recently, the state government recently launched a WiFi access-to-internet project. Enugu state gradually poses itself a potential hub for Fintech companies.

(2) Ogun State

Ogun state has the largest number of tertiary educational institutions in Nigeria, including Covenant University Ota, Bells University of Technology, Abraham Adesanya ICT Polytechnic, Gateway ICT Polytechnic, etc.

Ogun state recently initiated a solar power electronic learning project, which is currently ongoing. The state has shown massive interest in the education sector, as well as the ICT sector, with policies which could ease investing in the state. Ogun state has a GDP of $ 10,470, the ninth largest in the country.

Also known as the Gateway State (due to its large border line towards Benin Republic), the cost of living in the state is relatively cheaper, compared to Lagos State.

Ogun state, with its fast development pace in infrastructure, as well as education and information technology, is sure of the best places to locate a Fintech company in the country.

As may be already observed, one of the strong selling points of Ogun is its proximity to Lagos state.

Best Locations For Fintech Companies in Nigeria

Best Locations For Fintech Companies in Nigeria

(3) Rivers State

Rivers State is second only to Lagos, in terms of GDP production in Nigeria, with a Gross Domestic Product of $ 21 billion. The state serves as the largest oil producing state in the country. The oil and gas industry activities in the state are mainly carried out in Port Harcourt, the capital city.

Rivers state sits Rivers State University of Science and Technology (RSUST), refineries (2), stadia (2), sea ports (2), an international airport, and University of Port Harcourt.

The downsides of Port Harcourt, however, is its very high standard of living, which might create an extra financial burden for beginning Fintech companies not seen in some other states in the country. The activities of militants in the area, also, agitating for local impact of wealth generated by the oil and gas industry also creates insecurity in an otherwise peaceful state.

Fintech companies which decide to set up in the state have a lot to possibly gain from the oil and gas industry, as well as the upper class residents of the region.

(4) Cross Rivers State

Cross Rivers state is a state in southern Nigeria, widely known for its tourism-friendly environment. Cross River State has a gross domestic product of $ 9.292 billion, and is a good place to situate a Fintech company in Nigeria.

The state hosts the University of Calabar and is growing into a globally acclaimed tourist centre with tourist sites such as the Calabar Free Trade Zone, the Calabar Sea Ports, Calabar Air Ports, Tinapa Business Resort and the infamous Obudu Ranch Resort. All these are various platforms for business, tourism and trade in the state.

The state also boasts of an ICT Village, which was formed in collaboration with Microsoft. the Village offers Information and Communications Technology training to residents of the state, as well as students, interested in keeping up with the world’s IT trends.

The state also hosts, Tinapa, a first-of-the-kind world-class resort for integrated business and relaxation in Nigeria. Tinapa is based in Calabar with facilities that meet international standards and a Free Trade Zone.

Cross River could actually become one of Africa’s biggest hubs for Fintech companies in Nigeria.

(5) Lagos State

Finally, I can’t end this list without the Centre of Excellence, Lagos state. Lagos is the country’s most widely known city, and is at the peak of industrial and commercial activities in Nigeria. Home to international sea and air ports, Lagos is the highest contributor to Nigeria’s GDP, generating a GDP of $ 33.68 billion annually. With an estimated population of more than twenty million people, Lagos is certainly one of the best places to start a Fintech company in Nigeria.

The University of Lagos is well known for being technology inclined in their R&D. The state also hosts the Lagos Business School, a top business school reckoned with across the globe. The state also has several other academic institutions such as the state owned university, polytechnics, as well as other ICT institutions scattered across the state, making it a friendly business environment.

The state has extensive tourist sites, and relaxation centers, with intentions to create Free Trade Zones in novel regions in the state.

The large population of Lagos state; its sea and air ports; and the business – favoring disposition of the state government over time; predisposes it any day any time an inviting location for financial technology companies.

So, that’s all on my list of the best locations to site a Fintech business in Nigeria.

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