The maiden Venture Capital Advocacy Summit slated for the Eko Hotel,
Victoria Island, Lagos, Nigeria, now has a new date in August, reports ITRealms.
The organisers, Alfe City Company Limited, confirmed this to ITRealms saying that the scheduled for 2nd- 4th August, 2016 will bring together all the critical
elements that could facilitate the entrenchment of the venture capital culture
in the country.
The company also noted that the change of date from the initial 28th and 30th June, 2016 was to allow all stakeholders adequate time to fulfill 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’ has
the support of the Senate Committee on Trade & Investment and the House
Committee on Commerce, which 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 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.
The summit objectives include to; 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.
Nenye Dom/GEE
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