OoTheNigerian

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My 14 Predictions for the Nigerian Technology Space in 2014

02 January 2014 by Oo Nwoye

I think it is a fun and useful exercise doing predictions. It is a way of documenting wishful thinking and testing your perception abilities. Looking back, it would show how far along you have come.

Here is my attempt 3 years ago http://oonwoye.com/2011/01/04/10-predictions-for-the-nigerian-tech-scene-in-2011/

For the coming year, here are my predictions it is a combination of positives and negatives. Nothing outlandish as we are predicting only one year out.

  1. Payments solved: Nigerian tech companies will have their payment problems solved (most likely NOT by a Nigerian company). i.e stored card data will enable reoccurring billing which is the lifeblood of software startups. Paypal will arrive. Finally.
  2. Major exit: There will be a massive exit for a Nigerian startup (not Rocket). Massive meaning over $80million. I have no idea of the space.
  3. Major casualty: Likewise, there will be a massive failure of a funded company. A bankrupt startup or a founder kicked out of his/her company. Lots of media startups will close their doors.
  4. Tech will go mainstream: Tech founders will get the recognition that has been missing. Red carpets and magazine covers for our sector will become commonplace.
  5. International companies will come: Facebook, Twitter et al will set up proper shop in Nigeria.  Google will go beyond their sales cubicle. Hello Deezer!
  6. Cash will flow in: There will be a lot of inbound money invested in the technology space. $100million at least will come in. The low amount is because of the uncertainty of the Nigerian elections coming up
  7. Rocket will Exit Africa: They are done with here. But they’ll be dusted as they sell off everything they have and move on to other things.
  8. Corporate venturing will take off: MTN has shown the way. We love to copy. Do not shut down that your streaming app just yet, the buyers are looking out.
  9. Incubator time: Many commercial play incubators will begin to sprout. There will be at least one foreign one that will be for Nigerian startups (as against the Rocket model)
  10. Tech + Politics: Technology and social media will dominate the political landscape. This is fairly obvious but it will be on another level far beyond SMS broadcasts
  11. Global Nigerian Startups: We’ll have our Representatives in Y Combinator, TechStars and 500 Startups. Of course we will start appearing on TechCrunch, Pando, Re/Code. #Primetime.
  12. Broadband: Everything will change with the sale of 2.3MHz spectrum.
  13. Live streaming: The plummeting of broadband costs will mean a lot of live casting will take off this year. Video will be big.
  14. Education: This is the next ecommerce for Nigeria. Everyone will do an education startup this year. At least two will have the same name 😉

Bonus:

Swift – Visafone:  There will be an acquisition and/or merger involving these two.

Nigerian Sex tapes: They will go mainstream. Tonto Dike mainstream 😉

What are your predictions for the Nigerian tech space in 2014?

PS: Please forgive the typos. I did not predict I wilt be typo free.

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I am a founder of Fonebase Labs, a Nigerian technology company. Our products are Fonenode - a telephony API, Callbase , a virtual contact center and WriteRack the best way to tweetstorm. Feel free to holla at me (ositanwoye@gmail) if need be.

15 comments | Categories: Digital Media, Nigeria | Tags: , , , , , , ,

  • How many media startups are there sir? Maybe I don’t understand by what you mean by media startup

  • … yet you forgot the most critical prediction based on “wishful thinking” – “Fonenode will scale……everywhere you go”

  • Saheed Adepoju

    This prediction doesn’t factor in 2015. Elections may not allow funding come in this year. Perhaps a 2016 prediction.

    • Fact is the tech peeps will have to move on like 2015 does not exist. Are you running for office?

      The money is only 100million because of the elections.

      • Saheed Adepoju

        lmao…how much would the money have been na? Sadly, political stability/instability is always a factor for investments including startups. Who knows, maybe the recent exit was fueled by future rocky nature of politics.

  • pystar

    Exactly like TB Joshua. With these vague and wide spread prophesies, there’s no way at least one won’t come to pass, which will therefore seal your place as Nigeria’s first tech prophet.

    • Lool. Why expose me.

      At least I mention Swift, Visafone and Tonto Dike by name.

      • pystar

        You ate learning fast

  • Paul

    I think about the education prediction you could be probably very spot on!

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  • jojo_method

    Prophet OO we will be on the look out whether to go beyond localhost.

  • These are good whistles, we are waiting to see..