Federal Government launches strategy for Nigerian Enterprises to access global markets
The Federal Government of Nigeria has inaugurated the Nigerian Advisory Board of the African Enterprise Initiative and signed the MOU, with the Nicky Okoye Foundation, for its implementation in Nigeria. The Hon Minister of Industries, Trade and Investment, Otunba Adeniyi Adebayo preformed the ceremonies at the Conference Room of the Federal Ministry of Industries, Trade and Investment on the 6th of July 2021. The African Enterprise Initiative is designed as a new strategy for supporting Enterprise Development in Africa, starting with Nigeria. The AEI has strategic implementation platforms for extensive funding of Nigerian enterprises, including startups, support with Africa market penetration in light of the Africa Free Trade Area Agreement, building capacity across the board and guiding Nigerian and subsequently African Enterprises to expand globally.
Some of Nigeria’s most influential, youthful and successful entrepreneurs are included in the Nigeria Board of Advisors and these include the founder of the African Enterprise Initiative, Dr Nicky Okoye, Mr Sayyu Dantata Chairman of MRS Group, Charles Momoh Chairman of Eko Electricity Distribution Company, Kola Adesina Chairman/ Chief Executive Sahara Power Group, Dakuku Peterside Former NIMASA Director General, Prince Fifi Ejindu co-founder Star Crest, Dr Ola Brown, Founder of Flying Doctors, Olukemi Arodudu Director Investment FMITI, CEO SMEDAN, Managing Director Bank of Industry, CEO Nigeria Sovereign Investment Authority, the COUNTRY Director for the African Development Bank, Executive Secretary of the Nigeria Investment Promotion Commission and a host of others.
Some of the key initiatives of the AEI will include the Champions of the Universe Entrepreneurship Bootcamp for Entrepreneurs across the Country to home in their skills for building sustainable enterprises, the African Enterprise Fund which will fund local businesses working to transition into Africa wide continental and global market enterprises and the Community Enterprise Clinics designed to support community based grass root entrepreneurs to expand into national and continental value chains.
The Executive Chairman and founder of the African Enterprise Initiative, Dr Nicky Okoye spoke to Journalists after the inauguration of the Advisory Board and signing of the MOU….
“We designed the African Enterprise Initiative as our own contribution to an African continent that is in extensive need of support at the enterprise sustainability level. We believe that the inability of African Enterprises to survive beyond its founder to the second and third generation is a challenge that we expect to address once and for all. In addition, we believe that in a post COVID-19 environment, opportunities in the global service industry are expected to explode, entertainment, beauty, fashion, technology, medicine even education are all industries that will experience a post COVID-19 bomb. If you add to that the Africa Continental Free Trade Area Agreement and its resultant opportunities for African businesses, we indeed have a winner from which we can extract value for a long time to come.”
The Federal Ministry of Industries, Trade and Investment is charged with expanding and promoting Nigeria’s Investment space. In addition the Ministry drives Nigeria’s expansive Trade and Industrial policy landscape which all have major implications for job creation and economic development.
The NICKY OKOYE FOUNDATION is founded by Dr Nicky Okoye, a serial entrepreneur, global business strategy and national development strategy advisor. Dr Nicky Okoye is a Co-founder of Transcorp Plc, he served as Transcorp’s first Group Executive Director Operations (COO), and he midwifed Transcorp Plc’s rapid growth phase. Dr Nicky has also served as the Nigeria Stock Exchange’s Chief Strategy Officer where he drove the implementation of key market reforms, supported the expansion of the Nigerian capital market globally and anchored the Central Securities Clearing System’s transition into a global clearing house for securities and data storage. Nicky Okoye is also the Group CEO for Anabel Group, a group engaged in telecommunications, business development strategy advisory and technology. The Nicky Okoye Foundation is well known for convening the Nigeria Leadership Summit founded in 2012, and having held eight summits till date. Nicky Okoye Foundation also founded the EMPOWER NIGERIA initiative Chaired by His Excellency Chief Emeka Anyaoku. The Empower Nigeria Initiative was the anchor private sector led initiative for supporting grass root entrepreneurs across Nigeria, growing to a whopping four hundred thousand members at its peak.