In spite of the eminent challenges with doing business in Nigeria, a major deterrent to startups is access to finance and funding. Though numerous financial institutions exist to provide access to loans, the double digit interest rates and repayment plans instill a feeling of dread and foreboding in the minds of entrepreneurs. Startups play an integral role to building a sustainable economy as they contribute directly to job creations economic diversity. As technology expands in its uses and applications, businesses have leveraged on opportunities generated to disrupt existing norms and grow their bottom-line.
In the midst of the recessed economy and as the nation emerges from recession, startups and the Nigerian tech community as a whole are playing important roles in the creation of employment and economic opportunities. These crop of entrepreneurs – innovators and dreamers – remain bullish in their quest for success and their beliefs that against all odds, they have the capability to build something that can last the test of time.
The Nigerian Economic Summit Group (NESG), a private sector funded organization with a mandate to promote and champion the reform of the Nigerian economy into an open, private sector-led globally competitive economy, announces its first Startups Pitching Events to be held at the 23rd Nigerian Economic Summit in Abuja. This event would connect potential investors and venture capitalists to eight (8) early-stage businesses seeking to raise funds for their businesses. https://nesgroup.org/#NES23Pitching
The 23rd Nigerian Economic Summit (#NES 23) would take place on October 10 – 12, 2017 at the Transcorp Hilton Hotel, Abuja, with the theme “Opportunities, Productivity & Employment: Actualizing the Economic Recovery and Growth Plan”. Thematic pillars are: Think Nigeria; Skills, competencies & capacity; Access to Capital; Legislations & Economic Inclusion.
This year’s Summit objectives would include
- Outlining national job deficits
- Defining a reviewed national framework for new economic opportunities
- Set out a reviewed framework for entrepreneurship and innovation
- Provide policy linkages between mapped economic opportunities and competencies
- Explore strategic investment options and establish a reviewed national agenda
Part of the conversation would include digitization, its contributions to economic growth and opportunities that exist in knowledge transference within the youth population.
Click here to register for the summit.