Why 74% of Nigerian Companies Are Taking Their Businesses to the US
Why 74% of Nigerian Companies Are Taking Their Businesses to the US A growing number of Nigerian companies are establishing corporate ties with the United States, the United Kingdom and the United Arab Emirates as economic pressures, currency instability and limited access to domestic investment opportunities push businesses to seek international markets. A new report by TLP Advisory, titled Home & Away: Tracking African Tech’s Global Footprints, h as revealed that 74 per cent of Nigerian companies maintain affiliations with the United States, largely for corporate incorporation and access to international funding. The report, unveiled in Lagos on Saturday, disclosed that Nigerian technology startups attracted $572m in venture capital funding in 2025, representing approximately 14 per cent of total funding raised across Africa. However, despite the significant investment inflows, currency depreciation, limited domestic exit opportunities and the demands of international...