Market Review: Nigeria Accounted for 21% of 2020 Venture Capital Investments in Africa
This edition of the Market Review features Mr. Adebayo Adewolu a Partner with Trium as he speaks on "Opportunities for Increasing Investments from Venture Capital Firms in Nigeria".
According to him, Nigeria remains the biggest destination for venture capital investments as it accounted for 21% of the 2020 deals in Africa.
He noted that sectors like the Fintech industry attracted the highest investments, followed by Agri-tech, Off-grid power solutions, Health-tech, and Logistics.
Speaking further on how investors view the country he said despite the socio-economic challenges, Nigeria has a huge population and is a business case for Venture Capital firms with a long-term view of the economy.