If you're ever looking for good news about the Nigerian economy, a good place to start would be the numbers in the Nigerian tech sector.
In the first quarter of this year, the African tech ecosystem announced that it received funding of about $1.8 billion, more than double the amount raised around the same period last year. Nigeria alone was responsible for $600 million of the total. The inflow of funds is particularly important, given the declining levels of more traditional forms of capital flows into the country such as Foreign Direct Investment.
While all the funding activity is exciting, one key thing to remember is that while