Funding for Nigerian startups plummeted by 96% in July 2026 as deal activity dried up across the ecosystem, according to data reported by Nairametrics.
The steep decline highlights a sharp withdrawal of capital in the month leading up to annual summer activities, which typically see a slowdown in venture capital commitments and deal closures.
The crash indicates that major investors stayed away from the Nigerian market during the period, leaving a significant gap in the funding available for early and growth-stage companies.
While the report attributes the slump to the timing of summer activities, the 96% drop represents a near-total halt in investment flows for the month of July.
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