Nigeria’s Economic Revival Attracts Renewed Private Capital Investment Interest

Nigeria is regaining investor confidence as private capital returns, driven by recent economic reforms and sectoral growth. The African Private Capital Association’s annual conference in Lagos highlighted this shift, with Abi Mustapha-Maduakor noting a positive turn after previous downturns. Venture capital activity is surging, particularly in fintech, e-commerce, and AI, with Nigeria leading West Africa in deal volume. Initiatives like the ‘3 Million Technical Talent’ program are enhancing the tech workforce, further attracting investment. However, challenges remain, including the need for improved exit opportunities and domestic capital pools to sustain growth.

Forbes Africa