Ex-CBN Chief Canvasses N500bn National Venture Capital Fund

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Enterprise Television- Ex-CBN Chief Canvasses N500bn National Venture Capital Fund

A former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has called for the creation of a N500bn Venture Capital Fund to support entrepreneurship so as to boost the Nigerian economy.

He spoke at the inaugural summit of the Kingsley Moghalu Youth Initiative Summit held at the Aminu Kano Centre for Democratic Research and Development.

Moghalu, who is the founder of the Institute for Governance and Economic Transformation, emphasised the importance of support and funding for the Small and Medium-scale Enterprises, thereby creating a platform for innovation and creativity that could impact the economy.

The former CBN chief said that the venture capital fund had to be independent, and should be managed through a public-private partnership.