6 years ago when the dollar was exchanging for N280, that same investment including possible appreciation would be worth around 70% using today’s exchange rate,” he added.
Therefore, James believes that FinTech would be a better alternative, as long as the right deal is on the table.
“Fintech has a lot of room to grow in Nigeria. Globally, the overall Fintech market proved remarkably resilient in 2020 despite a broad array of uncertainties. As an investor, I believe that investing in Fintech has the potential for quick returns in the magnitude comparable to what the early investor in pay stack just cashed out. Over 400% return in a few short years,” he said.
