…as SuperteamNG injects $162,000 into economy in Q1

By Juliet Umeh

Nigeria has emerged as the sixth-largest hub globally by developer share on Solana, with over $162,000 injected into the local economy in the first quarter of 2026.

These figures are contained in the Q1 Impact Report released by SuperteamNG, a Web3 ecosystem driving blockchain development in the country.

According to the report, Nigerian developers now account for 67 per cent of all active Solana developers in Africa, reinforcing the country’s position as a leading technology hub on the continent.

The report further showed that the growing developer base has translated into economic value, with $65,779 earned in ecosystem bounties and $88,500 secured through Solana Foundation grants within the three-month period.

In addition to talent growth, the ecosystem is also witnessing increased transaction volumes. Products incubated within the community, including Evolution, have processed over $4 million in total value, while NectarFi recorded more than $6 million in transactions during its beta phase.

Speaking on the development, Lead of SuperteamNG, Harrison Obiefule, said the figures highlight Nigeria’s growing influence in global technology innovation.

He said: “Nigeria is no longer just a consumer of global technology; we are now a growing factory for it. Ranking first in Africa and sixth in the world by Solana developer share, despite a challenging local economy, shows that our ‘Internet Capital Markets’ thesis is working.

“We are seeing a shift where Solana is no longer just an option for Nigerian fintechs; it is becoming the default infrastructure for payments, savings and global trade. This performance signals that the future of decentralised finance is being shaped across cities like Lagos, Enugu and Abuja, as well as other parts of the country.”

The report highlighted key developments recorded in the first quarter, including Nigeria’s global ranking in developer share, increased capital inflow into the ecosystem, and rising transaction volumes driven by locally built products.

It also noted that about 15 Nigerian platforms, including Busha, Raenest and Jeroid, integrated new Solana-based features within the period, enabling services such as stablecoin transactions and crypto-backed lending.

Furthermore, SuperteamNG expanded its presence across 30 states, organising 186 events, both physical and virtual, aimed at bridging the gap between traditional finance and decentralised finance.

The report also pointed to efforts to strengthen the talent pipeline through a 16-week developer bootcamp, alongside specialised programmes for writers and designers, to prepare more Nigerians for opportunities in the global Web3 ecosystem.