Crowdfunding
The New Golden Fundraising Tool for Startups in Nigeria, Legal Framework and Best Global Practice
- Author: Hassan Sheriff
- Pages: 4
- Library: Articles
- Year: 2022
- File: Crowdfunding_-_Hassan_Sherif
Nigeria is abuzz with crowdfunding. In 2021, Nigerian startups raised over $1.6 billion in funding.¹ Out of about $4 billion startups funding that Africa attracted in 2021, Nigeria earned the largest chunk of $1.37 billion.² One of the major tools presently being employed to garner such humongous funding is the innovation of crowdfunding. According to Regulation 1 of the SEC Rules on Crowdfunding 2021, crowdfunding is the process ...