Investor Presentaiton
Advent of emerging sectors, namely fintech and rail infrastructure
The last few years have been very kind to the Nigerian fintech industry. With anywhere
between 150 and 200 fintech startups making Nigeria their home, the country seemed
poised to become the uncontested African leader in the field. The sector raised around
$440 million in 2020 and more than $600 million in 2021, amounting to nearly a quarter of
the total funds attracted by African tech startups. That figure rises to 63% in the case of
Nigeria (Backbase).
Unprecedented growth of the rail sector not seen since 1964, including the completion and
operation of Abuja-Kaduna line, Lagos-Ibadan line, Warri-Itakpe-Ajeokuta line. With flag off
of Kano-Maradi line and PH-Maiduguri lines. The plan is to ultimately link the rail lines to
Apapa Port, Bonny deep sea port and other inland/dry ports. That can help support and
transform the maritime/shipping sector.
OVERVIEW OF THE ECONOMIC
CLIMATE IN NIGERIA.
XCELLON
CAPITAL ADVISORS
PEOPLE + IDEAS + SOLUTIONS
8
© 2023, Xcellon CapitalView entire presentation