Increased investor appetite in Nigeria
A survey carried out by the African Private Equity and Venture
Capital Association (AVCA) in 2018 indicates that Private Equity
and Venture Capital (PE) activity in Africa has been increasingly
consistent over the years, with West Africa and Nigeria in
particular selected as the most attractive destinations for PE
Investments.1
Industry experts suggest that Nigeria attracted the highest PE
deals in the continent as a result of the potential investors see
in the country despite the inherent risks. The growing population
and increasing market size, advancement in technology and
innovation in business as well as increased efforts by the Federal
Government and some State Governments to improve the ease of doing
business are some of the catalysts that have improved the
investment climate in Nigeria. In light of the increased investor
activity, the crucial role played by all levels of government and
the relevant government agencies
