How much do I need to start my fintech in Nigeria

Fintech in Nigeria is extremely capital intensive.
You need a minimum of 20m naira to go into fintech in Nigeria. A summary breakdown of what gulps up this money is as follows:
1. CAC REGISTRATION
2. ⁠CBN LICENCE
3. ⁠STAFFING
4. ⁠OFFICE SPACE
5. ⁠IT DEPARTMENT
6. ⁠LEGAL TEAM
7. ⁠MARKETING
8. ⁠SEC LICENCE
However this should not discourage you from chasing your fintech dream. The solution to this will be discussed in another post on this subject. #icnc #thecommerciallawyer #fintech #fintechstartup #nigerianfintech #fintechlawyer #goodlawyerinlagos #cbn #cacregistration #foreignparticipationinnig #howtoinvestinnigeriaasaforeigner #sharecapital #whatisshares #iwanttoregistermybusinessinNig

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