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Experts express concern over Nigeria’s tech industry - Punch Newspapers

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Experts have expressed concern over Nigeria’s tech industry, especially in the area of insurtech and healthtech

The discussion was chaired and moderated by the Publicity Secretary of the Association of Issuing Houses of Nigeria/Head of Investment Banking for Africa Regions at RMB, Chidi Iwuchukwu. According to them, the increase in tech startups in Nigeria has remarkably increased the demand for equity capital in the form of private equity and venture capital investments from foreign investors, most of which are not facilitated by Nigerian issuing houses, hence the dearth of equity in their activities.

One of the panelists, Director of the Company’s Board in Custodian Investment, Adeniyi Falade, questioned the slow rate at which insurtech was growing in comparison with other sectors.

 

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