The Arewa Tech Fund, a $50 million initiative aimed at driving technological innovation and empowering youth in Northern Nigeria, has officially launched. Founded by Salma Phillips, a media personality and advocate for youth empowerment, and Deji Garuba, a leading strategist in the tech ecosystem, the fund seeks to catalyze growth by investing in the region’s most promising tech startups and human capital development.
The Arewa Tech Fund is set to address the need for economic diversification in Northern Nigeria by nurturing innovative solutions and entrepreneurial ventures in the region. It will provide startups with critical financial resources, mentorship, and market exposure, fostering an ecosystem where tech-driven solutions can thrive.
Salma Phillips, co-founder of the Arewa Tech Fund, emphasized the importance of the fund in unlocking the region’s potential:
“Northern Nigeria is brimming with untapped talent, creativity, and ideas. Through the Arewa Tech Fund, we are opening doors for young innovators to create real impact, not just in their communities but across the nation. We believe in empowering the next generation of tech leaders and entrepreneurs who will drive change and shape the future of the region.”
Deji Garuba, co-founder for the Arewa Tech Fund, highlighted the fund’s focus on building a robust innovation ecosystem:
“The Arewa Tech Fund is not just about providing financial support—it’s about creating an enabling environment for innovation to thrive. We are investing in the people, ideas, and infrastructure that will push Northern Nigeria to the forefront of technological advancement. This initiative is a step towards unlocking the immense potential of the region’s tech ecosystem, and we are excited to see the impact it will create.”
The Arewa Tech Fund will focus on sectors such as agritech, fintech, education, healthcare, and clean energy, aligning with global trends while addressing local challenges. The initiative will also offer specialized support for women-led startups and socially impactful ventures, ensuring inclusivity and sustainability in the region’s growth trajectory.
The launch of the Arewa Tech Fund marks a significant milestone in the effort to accelerate the development of the tech landscape in Northern Nigeria, positioning the region as a hub for innovation, entrepreneurship, and economic advancement.
