The immediate past governor of Kaduna State, Nasir El-Rufai, on Monday, announced that his venture capital/private equity firm, Afri-Venture Capital Company Limited, will begin operations in 2024.
According to a post on his X handle, El-Rufai said through the firm, he hopes to finance, nurture, and mentor Nigerian innovators and entrepreneurs to become the next Dangote Group shortly.
He further stated that the plan was to launch a $100 million venture capital fund for startups in Nigeria, particularly those in the Kaduna tech ecosystem, adding that he would be working with private sector partners, including the co-founder of Excredite Consulting Limited, Eyo Ekpo, among others.
