Edtech and Physical Security Are Sectors With Huge Latent Opportunities in Nigeria

By 2030, 80% of richest Nigerians would have made money from technology. We will also see a shift of wealth concentrated in the age bracket of 35-55 years. Nigeria is having its finest cambrian moment on the formation of companies. The last time we were this bold, on entrepreneurial capitalism, was in the early 1990s when some of Nigeria’s current  leading banks were established.

The 1990s gave us the new generation banks. The 2000s brought voice telephony. The 2010s ushered mobile internet. The 2020s would deliver the era of application utility across industry sectors and market territories.

Natively-inspired homegrown physical security business model will become one of the fastest growing sectors from Q1 2022  – and that will remain for the decade.  Today, very few are looking at that nexus. But if you check carefully, it is a latent opportunity which has to be unlocked. But it must be done differently, in a scalable form, from what we have in the market now. Yes, Nigeria’s security paralysis is now a huge friction – and a business opportunity.

From education to healthcare, from financial services to logistics, and beyond, new domains will emerge! India’s edtech Byju’s has a valuation of $13 billion. Nigeria will experience such as alternative schools begin to dislocate public ones. Get ready for the promises.

Ed-tech leader Byju’s has raised Rs 3,328 crore (about $460 million) as part of its ongoing Series F round, led by MC Global Edtech Investment Holdings LP and participation from Facebook co-founder Eduardo Saverin’s B Capital, among other investors. The investment values the Bengaluru-based company at a little over $13 billion, regulatory filings showed

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