Three start-ups to pitch to Nigerian president for money

09 Aug 2016

In a bid to promote entrepreneurship and innovation, the Nigerian government launched a first-of-its-kind initiative: a pitch competition for start-ups. It is called Aso Villa Demo Day 2016 and has the active support of the Nigerian president.

Thirty companies have qualified to pitch to no-one less than Muhammadu Buhari, president of Nigeria, for funds and a strategic partnership with the state, at the first pitch event. The date of the big event will be “announced shortly”, according to an official statement.

Muhammadu Buhari, president of Nigeria since May 2015 (photo from Wikipedia with thanks)

Muhammadu Buhari, president of Nigeria since May 2015 (photo from Wikipedia with thanks)

Of the shortlisted companies, three are classified start-ups. They are online tutor marketplace Tuteria, jobs and HR-software site TalentBase, and jobs site Go CV.

The 30 qualifiers were shortlisted after a national pitch contest, which was organized in three geographic zones, namely Lagos, Port Harcourt and Abuja.

In a politically-driven economy such as Nigeria, getting exposure to the president and other top government and corporate juggernauts, can provide crucial capital and powerful partnerships, that could positively impact the small companies.

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Adegoke Seun

Adegoke Seun has packed nine years experience in online journalism covering Business for EXCEED OMNI Media, AgroNigeria and Ventures Africa. He is a journalist, media entrepreneur and founder of enterprise54.com, a leading entrepreneurship news and magazine site focused on Africa. He is committed to reporting startup trends, funding, business development and lifestyle. Reputed as a small and medium enterprise industry enabler, he advocates entrepreneurship development on the continent and conducts industry research to bridge knowledge gap. He is our West Africa analyst covering major markets like Nigeria, Senegal and Ghana.