Mark Zuckerberg to visit Nigeria, Facebook’s largest African market

Hamilton Nwosa
Writer

Ad

How AfDB-backed fish farming transforms lives in Cameroon

By Obinna Uballa A major fish farming initiative in Cameroon is driving economic transformation and improving food security, thanks to the introduction of a new strain of African catfish (clarias) under the Livestock and Fish Farming Value Chain Development Project (PD-CVEP). The €84 million project, financed by the African Development Bank (AfDB) and implemented by…

Nigeria’s Policy Efforts Structured To Meet SDG 13 On Climate Action –AfDB

Obi tells Tinubu to stop borrowing, channel revenue into health, education, poverty alleviation

By Obinna Uballa Former presidential candidate of the Labour Party, Peter Obi, has called on President Bola Tinubu to ensure that Nigeria’s recently announced revenue gains translate into tangible improvements in the lives of citizens. Obi was reacting to Tinubu’s announcement that the country has achieved its annual revenue target by August, a development the…

Ranked: U.S. Crude Oil Imports by Country

Key Takeaways In 2024, 61.7% of America’s crude oil imports were from Canada. Meanwhile, Mexico accounted for 7.1% of crude oil imports. Crude imports make up about 40% of the oil that is refined in America, much of which is heavier crude compared to America’s light oil. For decades, America was a net importer of…

Ad

Mark Zuckerberg, founder of Facebook, is visiting Nigeria for a few days. Zuckerberg says he’ll be “meeting with developers and entrepreneurs, and learning about the startup ecosystem in Nigeria” during his time in Lagos. In line with this, Zuckerberg’s first notable stop was at Co-Creation Hub (Cc Hub), in Yaba, Lagos’ Silicon Valley-style ground zero for start-ups. Over the years, Cc Hub has served as a start-up incubator and accelerator, housing successful start-ups such as BudgIT, a civic enterprise which focuses on accountability and transparency in government budgets. While at Cc Hub, Zuckerberg also met with young kids attending a summer coding camp.

Zuckerberg watching on at a Cc Hub session of a summer coding camp for kids. (Idea Engineers)

Tomorrow, Zuckerberg is expected to host a Q&A session sharing Facebook’s strategic plans in Africa’s largest economy. Though the visit is part of a series of global town hall meetings, Facebook’s strong ties with Nigeria cannot be ignored. With 16 million people visiting the social media platform monthly, Nigeria remains Facebook’s biggest market in Africa. In a bid to further grow that market, Facebook launched its FreeBasics service in Nigeria in May. Targeting a bulk of the population who cannot afford internet access, the service will allow users to access Facebook as well as other listed websites at no cost.

For his part, Zuckerberg has also given several nods to Nigeria over the past year, acknowledging the work of start-ups like BudgIT and job listing service, Jobberman. Most recently, the Chan Zuckerberg Initiative (CZI), founded by Zuckerberg and his wife, led a $24 million investment round in Andela, a Lagos start-up that trains and outsources local software developers.

The first major investment by the foundation, it was heralded as a big bet on the future of African tech. But just as the news was met with excitement locally, controversy soon followed. Nigerian tech enthusiasts were upset with the description of Andela as a New York company, and Iyin Aboyeji, the Nigerian co-founder of Andela, hardly mentioned in the press coverage that followed the investment. At the time, Aboyeji attempted to stem the criticism via a blog post explaining the company’s origins but two months later, he announced his departure from Andela to start Flutterwave, a new payments company. Zuckerberg visited Andela’s Yaba campus today.

Seni Sulyman, director of Andela Lagos said Zuckerberg’s visit “reinforces not only his support of Andela’s mission, but his belief that indeed the next generation of great technology leaders will come out of Lagos, Nigeria and cities across Africa.”

Ad

X whatsapp