The United States Nigeria Council (USNC) has disclosed that it remains committed to developing Nigeria’s technology and innovation ecosystem by bringing in influential entrepreneurs to combat market challenges being experienced in the industry.
The USNC also stated that it was ready to connect investors with potential investees to mobilise capital for Nigerian start-ups and companies in a bid to further develop the country’s technology and innovation ecosystem.
Speaking at the round-table breakfast meeting on the sidelines of the 73rd United Nations General Assembly in New York City, USA, recently, the Executive Director of USNC, Eliot Pence stated that the Council’s mission was to promote bilateral business partnership and growth in Nigeria, by focusing on entrepreneurial investment in the technology and innovation ecosystem.
According to him, the event brought together a range of ecosystem players to discuss innovation and entrepreneurial partnerships in technology, including over 45 leading Nigerian and American business executives and high-level public officials. Pence further said that the Council wants to bring influential entrepreneurs to combat market challenges in the ICT sector, stating “Capital is one barrier, market access is another. USNC bridges that gap.”
In his speech, Minister of Industry, Trade, and Investment, Dr. Okechuckwu Enelamah, told the US investors about the crucial need to leverage technology to address local challenges as well as efforts by the Federal Government to create an enabling environment for businesses to operate in Nigeria. Enelamah commended the Council for its work, stating “Nigeria stands to benefit from your effort.”
He also spoke on the power of partnership and the exceptional stature of the “serial entrepreneur” members of USNC, adding “if you are looking for courage in business, it’s found in this room.”The breakfast meeting was hosted by Chairman, USNC, Ambassador Terence McCulley, Co-Chair John Coumantaros of Flour Mills of Nigeria, and Executive Director Eliot Pence.