Venture Capital Summit Holds in June

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The Venture Capital Advocacy Summit that is expected to facilitate the entrenchment of Venture Capital Culture in the country will hold between 28th and 30th June, 2016 in Lagos.

The Summit being organised by Alfe City Company Limited with the support of the Senate Committee on Trade and 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.

According to the Chief Executive Officer, Alfe City Company Limited, the organisers, Mr Soji Adeleye, to say that Nigeria needs a thorough re-engineering at the moment would be an understatement.
He added: “Venture Capitalism offers Nigeria and its universally acclaimed entrepreneurial people a new vehicle that could turn that creativity into economic power.”

He said 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.

Also, the Chairman Senate Committee on Trade and Investment, Senator Fatimat Raji Rasaki said: “We share the principle and objectives behind this very laudable program 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.