By Prince Okafor
KPMG has disclosed that Foreign Direct Investment, FDI, into the Nigeria digital space over the last year is almost $1 billion.
Speaking during a press briefing on KPMG Digital Summit 2017 themed, “Leading through Digital”, in Lagos, Boye Ademola, Partner and Lead, Digital Transformation, KPMG Nigeria, stated: “Foreign investments in Nigeria based digital businesses approached the $1billion mark over the last year alone with the most significant investments going to e-commerce and payment platform companies.
“There have been record level valuations and investments over the last 18 months for several digital entities in Nigeria, comparable with that of some of the most valuable financial institutions on the Nigerian Stock Exchange. Just recently, the Chinese alternative financing firm, Qudian, a Fintech founded in 2014 raised $900m from its initial public…
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