USNC pledges fund for Nigerian businesses

U.S. Nigeria Council (USNC), has reiterated its commitment to mobilise fund for Nigerian start-ups and companies toward enhancing the nation’s technology and innovation ecosystem.

Elliot Pence, Executive Director, USNC, disclosed this in a statement on Thursday in Lagos.

Pence said that the Council’s mission was to promote bilateral business partnership and growth in Nigeria, especially focusing on entrepreneurial investment in the technology and innovation ecosystem.

According to him, the Council will connect influential entrepreneurs with Nigerian businesses to bridge the financing and market access gaps.

Pence said that the commitment of USNC members was represented by the participation of Herbert Wigwe of Access Bank PlC; Wale Tinubu of Oando; Kola Aina of Ventures Platform and Tunde Folawiyo of Yinka Folawiyo Group.

Also present was Amb. John Negroponte of McLarty Associates; Christina Sass of Andela; Femi Akinwale of Exchange Telecommunications Ltd; and Mamadou Beye of Chevron.

The Minister of Industry, Trade, and Investment, Okechukwu Enelamah, told the US investors about the crucial need to leverage technology to address local business challenges.

“Nigeria stands to benefit from your effort,” he said.

Enelamah commended the Council for its work, adding that the Federal Government was working assiduously to strengthen the enabling environment for businesses to operate in Nigeria.