The visit of Vice President Yemi Osinbajo to Silicon Valley continues to give hope for the future of Nigeria's Tech industry, as he is meeting with Top Executives. Although these Top companies already have their opinion about Nigeria (mostly negative based on stories of terrorism particularly that of the Chibok Girls which former First Lady Michelle Obama was actively involved), the VP is projecting the country on a different light.
Some of the companies benefitting from this eye-opener include Paramount Pictures, Sony Pictures, 20th Century Fox, Lions Gate, IMAX Entertainment, Warner Bros, Walt Disney, BET International and even the National Association of Theater Owners.
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The VP is focused on enlightening these potential investors of the investment opportunities and business potentials of the country. In fact, he stoutly claimed that “creativity and talent abound in Nigeria and we are open for business”.
After discussing with them, the ideas they had about Nigeria changed in one day, they began to think about the possibility of huge investments in the country. How did the VP do it? Prof Osinbajo had marketed the true picture of Nigeria and the potential that Nollywood and Hollywood can work together to produce the next big thing.
In one of those meetings held at the Waldorf Astoria, Beverly Hills, Los Angeles, he said,
understand how dynamic the environment is, both technology and creative
arts. But we think that the way to go will be to work with those who
are in the industry, those like yourselves who are investing their
money, their resources, time, and energy into this, and trying to do our
regulations in such a way that we can compete practically with anyone
else in the world.”
Some of the Top investor that VP Osinbanjo met included
“So what we have done so far is that we’ve
been looking at what the specific issues are and there are quite a few.
There are those who want to know about what we are doing in terms of
Intellectual Property Protection, investment guarantee, and all of that.
But I think that the most important thing really, is that we have a
government and a lot of those who work in our agencies, who are
determined to work through this, day by day, piece by piece, to make
sure that we get our environment right, and we get the right type of
🔄Google CEO, Sundar Pichai(he even toured the Google headquarters – Googleplex)
🔄LinkedIn co-founder, Allen Blue
🔄Tim Kendall, a US investor who worked with Facebook monetization and has led Pinterest
representatives of StreetEdge Capital
🔄aBay Area, California multi-billion dollar family partnership with global footprints including holdings in the US, India and Africa
🔄Chika Nwobi and Tom Terbell, partners from Rise Capital, a private equity firm specializing in the early venture and later stage investments.
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With all the high profile names on the list, the future of Nigerian Tech Industry is really looking promise. We should be expecting to get results soon.
Labels: Startup, Tech News, Tech Worldwide, Technology