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Beyond the Boom: Examining Corporate Governance and DEI Gaps in Nigeria's Emerging Tech Startups

Year: 2025

Type: article

Abstract: The Nigerian technology startup ecosystem exhibits rapid growth, yet persistent governance deficiencies and DEI gaps threaten its sustainability. This study critically examines corporate governance structures, financial transparency, regulatory compliance, risk management, and DEI practices across leading Nigerian startups, including Carbon, 54gene, Kudi, and Farmcrowdy. Using qualitative document analysis, case studies, and semi-structured interviews, the research identifies systemic weaknesses such as founder-dominated decision-making, inadequate board formation, inconsistent compliance, and limited DEI integration. A governance maturity model is proposed, linking robust governance with DEI institutionalization and enhanced organizational performance. Findings underscore the necessity for founders, investors, and policymakers to collaboratively strengthen governance frameworks and embed DEI as a core operational principle to secure innovation, talent retention, and global competitiveness.

Source: Iconic Research and Engineering Journals

DOI: 10.64388/irev9i6-1712508

Authors: Chiamaka Moses, Princewill Abumere

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Peace, justice, and strong institutions, Industry, innovation and infrastructure, Reduced inequalities, Decent work and economic growth

Open Access status: bronze

OpenAlex ID: W4417262265

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