Technology firms, usually referred to as tech companies, are businesses that focus on employing technology to provide answers in areas such as manufacturing, banking, medicine, and so on. Often Tech companies are usually referred to as IT companies. There are many tech companies in Nigeria however, some of them have built a solid name over time.

Over the years, there have been various improvements in the tech industry. Contrary to many beliefs, tech companies didn’t start in the early 20s. They became popular in the 20s due to civilization. Below are some of the early tech companies, though some might be extinct.

1. Inlaks (1982)
2. Chams (1985)
3. SystemSpecs (1992)
4. Omatek (1993)
5. TD Africa (1999)

Types of Tech Companies

There are various kinds of tech companies, as all tech companies do not perform the same responsibilities. Below are the types of tech companies and how they operate in their fields.

1. Managed Service Provider (MSP):

A Managed Service Provider is the most common type of tech company. This type of company provides IT services on a B2B basis to other companies. Working with an MSP is like outsourcing your IT department.

2. Break Fix IT Services Provider:

The difference between an MSP and a break-fix provider is unclear to the layman. While MSP focuses on big organizations, break-fix companies are like tech surgeons for small-scale businesses with IT needs.

Instead of paying contractual fees to engage their services like MPS, break-fix companies just come in and fix the IT issue and receive payments on an hourly basis. When there is an IT issue or damage, Break Fit IT comes in to fix it and go.

3. Monitoring & Hourly IT Services Provider:

This tech company type is a hybrid between MPS and a break-fix provider. They install remote monitoring software and other monitoring systems to assist in investigating and repairing IT issues. Since the systems are monitored, IT issues are fixed faster with the monitoring and hourly IT service provider than with the break-fix approach.

4. Cloud Solutions Provider (CSP):

Cloud solutions providers are MSPs that help clients move to a cloud system and manage and maintain their cloud properties and information.

5. Managed Security Solutions Provider (MSSP):

MSSPs focus only on cybersecurity. They fill the gap for companies that do not have an in-house cybersecurity team by offering outsourced cybersecurity services.

 6. Software As A Service (SaaS):

Saas companies host applications and make them accessible to end users using a software model. Saas companies create, distribute, and even host the data. 

Saas makes it possible to purchase software with a subscription and log in remotely through your web browser or app without any knowledge of underlying IT infrastructure.

List of Top Tech Companies in Nigeria 2024

The Tech sector in Nigeria has grown so fast since the inception of Tech in the early 80s. That much growth would not be possible without the presence of some tech companies.

These Tech companies consistently put Nigeria on the map (for a good cause, obviously).

The technopreneurs and innovators of these companies have been a source of inspiration to the younger generation. Their drive, passion, and daring spirit are indeed worthy of emulation.

Below are some tech companies at companies that have placed Nigeria as the home for the technology hubs in Africa.

1. Flutterwave:

Flutterwave, founded by Iyinoluwa Aboyeji and Olugbenga Agboola in 2016, is one tech company that redefines technology daily. It is a fintech organization that brought solutions and eased payment systems in Nigeria and across Africa. Flutterwave made it possible for small-scale businesses to accept online payment.

2. Andela:

Andela is a fintech company. Andela specializes in grooming and giving young talent opportunities to work for international organizations. They spot and train young software developers in Nigeria and Africa.

3. Interswitch:

Mitchell Elegbe established Interswitch in 2002. Fast forward to today, it is one of the leading tech companies in Nigeria that provides solutions to payment transactions. They offer electronic funds transfer and debit card services.

4. Paystack:

In 2015, Shola Akinlade and Ezra Olubi founded Paystack. They worked in the banking and IT industry, respectively. Paystack was the first tech company in Nigeria accepted into the startup accelerator Y Combinator.

Paystack helps startups, entrepreneurs, businessmen, and women accept payments using different payment systems, such as QR codes, cards, and mobile money accounts, directly from customers’ bank accounts or USSD.

5. SystemSpecs

This tech company has been in the industry for the past 32 years, valued at over $ 150 million. SystemSpecs was formed in 1192 by John Obaro.

They offer human capital management software solutions and have a popular payment collection platform called Remita.

Conclusion

Over the years, tech companies in Nigeria have evolved in a dynamic way that deserves. From the early 80s, when tech companies didn’t have a voice, till this modern-day era where everything is about technology, tech companies in Nigeria have proven indispensable even across Africa.

Most companies – banking, oil & gas, manufacturing, marine, educational institutions, and so on, all use the services of these tech companies. The success and accomplishment of these tech hubs have contributed to Nigeria’s economy and announced Nigeria to the world as an integral player in the digital space.

With a youthful generation eager to provide technological solutions, the tech ecosystem can only evolve from here. From solving local challenges to tackling global technology issues, the future of Tech in Nigeria is bright!

Aspiring technopreneurs, listen, the journey might seem rough, but it will be worth it. Take inspiration from these companies who have proved themselves over and over again. You would understand the process and see how far the pioneering fathers did the work and the endless possibilities it has created.

Say to yourself, “I am the next tech giant.”

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