Tuesday, October 7, 2025
27.7 C
Lagos

Nigeria’s 1st Venture Capital Summit Now Aug. 2

A new date of 2nd- 4th August, 2016 has been announced for the maiden Venture Capital Advocacy Summit at Eko Hotel, Lagos, Nigeria, that will bring together all the critical elements that could facilitate the entrenchment of the venture capital culture in the country.

According to a statement by Alfe City Company Limited, the organisers, the change of date from the initial 28th and 30th June was to allow all stakeholders adequate time to fulfil their obligations and preparation for a successful event.

“All other elements of the Venture Capital Advocacy Summit remain as previously stated,” the statement said.

The Summit with the theme: ‘Venture Capital and Capacity Development of a New Nigeria Economy’ with the support of the Senate Committee on Trade & Investment and the House Committee on Commerce will feature the maiden introduction of the concept of venture capital and provide an opportunity for interaction with international experts and seasoned investors in what would be the first of its kind gathering in Nigeria.

According to Mr Soji Adeleye, Chief Executive Officer, Alfe City Company Limited, the endorsement of the summit by the National Assembly was crucial as the entrenchment of the Venture Capital culture in Nigeria would require legislative underpinning to guarantee the safety of investment of investors.

Senator Fatimat Raji Rasaki, Chairman, Senate Committee on Trade and Investment said: “We share the principle and objectives behind this very laudable programme and commend it to all stakeholders across the country.

“We hereby convey our commitment to work with you and other stakeholders for the success of the summit and subsequently perform our legislative responsibility to ensure a successful entrenchment of venture capitalism culture in Nigeria.”

Similarly, the Chairman, House of Representatives Committee on Commerce, Rt Hon Sylvester Ogbaga said the committee considered the summit’s objectives as very laudable.

“I wish to therefore convey the decision of the committee to collaborate with Alfe City Company Limited in that regard,” he said.

The summit objectives include:

· Advocate and spearhead the culture of venture capitalism in Nigeria;

· Open an avenue for translating Nigerians’ legendry creativity and entrepreneurship to vital economic power;

· Bring all stakeholders together to highlight how venture capital could be the missing link in Nigeria’s struggle to build a diverse and sustainable economy;

· Establish a Register for practicing and prospective venture capital operators in Nigeria;

· Create the machinery for an annual venture capital event as a vehicle for entrenching the culture of venture capitalism in Nigeria.

spot_img
spot_img
spot_img

Hot this week

Ecobank Nigeria Launches Upgraded Mobile App for Faster, Smarter Banking Experience

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Ortom, NOA DG, Others to Feature as Panelists at GOCOP 2025 Conference

The Guild of Corporate Online Publishers (GOCOP) has announced...

AIICO Celebrates Retiring Employees: Honouring Decades of Service with Gratitude

Left - right: Adeleke Adeshina (rtd), Lanre Oladehinde (rtd.),...

Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry

It is a sobering reality that one South African...

Topics

Ingenico Deploys Cashless Revenue Collection Solution in Kenya

Ingenico Group, the global leader in seamless payment, deployed,...

NCC: Re-engineering Regulation, Management Tools to Drive Telecoms Sector

L-R: Quassim Odunmbaku, Special Assistant, ECSM's office, NCC; Abulaziz...

WorldRemit Seeks Urgent Restoration of Money Transfers to Nigeria

WorldRemit, a leading online remittance provider, is calling for...

SanlamAllianz Targets 27 African Markets for Insurance, Financial Services

Sanlam, Africa’s largest non-banking financial services provider, and Allianz,...

Nigeria, Niger Republic Sign Agreement on Border Frequency Co-ordination

Nigeria and Republic of Niger have signed a bilateral...

MainOne, Facebook Unveil Open-access Fiber Network in Nigeria

MainOne has announced a metro fiber infrastructure project in...

Access Bank Reports N168bn Earnings in Half Year 2015

Access Bank Plc, a full-service commercial bank operating in Nigeria, Sub-Saharan Africa and the UK, has released its audited results for the first half ended 30 June 2015, showing positive growth in financial indices.The Group recorded a strong performance in the first six months of the year, re-asserting its capacity and resolve to deliver strong returns in spite of a tighter operating environment.

Stanbic IBTC Bank Nigeria PMI Dips to 17-month Low in June

The Nigerian private sector remained in growth territory at...
spot_img

Related Articles

Popular Categories

spot_imgspot_img