Facebook's founder Mark Zuckerberg seems to think so. He recently visited the sub-Saharan country for the first time.
"I wanted to come to Lagos first because of the vibrant developer and entrepreneurial ecosystem that you guys have here," Zuckerberg said.
Lagos is Nigeria's largest city, and some have dubbed it "Africa's Silicon Valley." That's because the city boasts several up-and-coming startups along with financial potential for international companies.
That last issue is something Zuckerberg is trying to change.
"Some places, there isn't a good cellphone signal, so we're launching satellites into space to beam down internet, and we're building solar-powered planes that can fly over rural areas," Zuckerberg said.
As for funding, earlier this year The Chan Zuckerberg Initiative put millions of dollars into training more engineers in Nigeria.
Of course, Zuckerberg's pushes aren't completely without gain. Facebook's largest market in Africa is Nigeria.