The Annual FATE Policy Dialogue Series on Entrepreneurship is a dialogue platform that brings together stakeholders within the Nigerian Micro, Small and Medium Enterprises (MSME) space and high-level business experts from within and outside Nigeria to discuss factors and policies that impact on the MSME sector in Nigeria with a view to proffering implementable solutions with respect to policy reviews and implementation.
Building on the outcome of the 2015 Policy Dialogue, this year’s program is themed “Nurturing public and private sector collaboration for Entrepreneurship Development and Growth in Nigeria” will focus on the key building blocks required to create synergies and collaboration between the public, private and development sectors to enhance the development of sustainable impact driven enterprises/ventures in Nigeria.
While we strongly believe that public-private collaborations would make for greater positive impact on the Nigerian business environment, we also know that without adequate information on enterprise development in Nigeria, policy makers will not make informed decisions. For the development of effective and sustainable MSME policies, we believe that the entrepreneurial ecosystem in Nigeria needs to be mapped to aid policy review and implementation processes around creating an enabling environment to drive entrepreneurship and enterprise development. That is why, at this year’s Policy Dialogue, we will be launching the key findings on the Research commissioned by FATE Foundation to KPMG to “Map Nigeria’s Entrepreneurship Ecosystem”.
Honorable Minister of State, Ministry of Industry, Trade & Investment
Aisha Abubakar attended Corona School and Queen’s College, Lagos and proceeded to the United Kingdom to complete her Ordinary and Advanced level certificates. She later obtained her Bachelor of Arts Degree in Politics and International Studies from University of Warwick in 1990 and completed her Master’s Degree in Development Studies at the University of Leeds, in 1991.
She worked at the African Development Bank (ADB), Abidjan as Senior Bilateral Co-operation Officer from 1993 to 1997 and in the Lagos office of ADB from 1998 to 1999. From 2010, Aisha Abubakar worked at the Abuja Enterprise Agency (AEA), rising to the position of Managing Director in 2013, a position she held until she was appointed to be the Honorable Minister for Industry, Trade and Investment in June 2015. She has a very strong professional back ground, work experience and interest in SME Development which was strongly evident during her time at the AEA which was set up in 2005 to provide excellent support for residents by developing relevant programmes and activities to start and nurture business, entrepreneurial skills acquisition and development, financial support, business infomation and advisory services, outreach services, and research services. With institutional collaboration by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and support of the United Kingdom’s Department for International Development (DFID), Aisha led the agency to be the Abuja Federal Capital Territory’s vehicle for Small and Medium Enterprise (SME) development and poverty reduction.
Two of the key mandates for the Ministry of Industry, Trade and Investment are to accelerate the growth of the industrial sector and enhance productivity while also boosting the development of Micro, Small and Medium Enterprise as the engine of economic growth for Nigeria. We are inviting the Honorable Minister to share insights into the work of the Ministry to create an enabling entrepreneurship ecosystem in Nigeria.
Rocio Fonseca is the Executive Director of StartupChile. Start-Up Chile is a program created by the Chilean Government that seeks to attract early-stage, high-potential entrepreneurs to bootstrap their startups using Chile as a platform to go global. The end goal of this program is to position Chile as the innovation and entrepreneurship hub of Latin America. Start-Up Chile has a large portfolio, receiving in between 200 – 250 companies a year. This deal flow is represented by 3 distinct programs based on the stage of the startup.
The first is the S-Factory which is a Pre-acceleration program for startups in early concept stage focusing in female founders. Selected companies receive $10 million CLP (around USD$14K) equity free and 3 months acceleration. Two rounds a year of 20-30 companies each. The second is Seed which is an Acceleration program for startups with a functional product and early validation. Selected companies receive $20 million CLP (around USD$30K) equity free and 6 months acceleration. Two rounds a year of 80-100 companies each.
The third is Scale which is a Follow-on fund for top performing startups that are incorporated in Chile, have traction and are looking to scale in LATAM and globally. Selected companies receive $60 million CLP (around USD$86K) equity free with the condition that they incorporate and open operations in Chile. Two rounds a year of 20-30 companies each. Their goal is to hasten the occurrence of customer-validated and scalable companies that will leave a lasting impact in the Latin American ecosystem and Rocio will be sharing on how a government spear-headed initiative has been able to work with other public, private and international partners to drive growth and scale in the Latin American entrepreneurship development ecosystem.
Bisi Lamikanra, admitted as a Partner in 1998 is the Head of the Management Consulting Practice of KPMG in Nigeria, and heads the financial services sector across Africa. She has provided advisory services for various public and private sector clients in West Africa. She has over 30 years of experience that spans various industries and has led several advisory projects on strategy articulation and development, business integration, customer service delivery improvement and transformation, retail banking repositioning, institutional diagnostics, feasibility and market studies, organisational review, organisational design/transformation and HR advisory services.
She also has extensive experience in business process review and reengineering, management information systems, enterprise transformation, systems selection and implementation, service excellence projects, among others. Bisi has assisted various clients on several turnaround projects to reposition them to the path for a sustainable growth and profitability. Bisi has a degree in Economics from the University of Lagos and completed the Advanced Management Programme of the Lagos Business School (LBS). She is a Fellow of the Institute of Chartered Accountants of Nigeria.(ICAN).Bisi is involved in several programmes for educational and institutional bodies.
Bisi was the lead Partner on a 2014 study which researched Access to Finance for Micro, Small and Medium Enterprises in Nigeria. She will be sharing the key findings from the Ecosystem Mapping research undertaken by KPMG Nigeria for FATE Foundation and will also be moderating the panel discussions.
Bosun Tijani is the Chief Executive Officer and Co-Founder of Co-Creation Hub (CCHub). CcHub functions at the heart of Nigeria’s technology innovation ecosystem as an open living lab and pre-incubation space designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place. The HUB is a place for technologists, social entrepreneurs, government, tech companies, impact investors and hackers in and around Lagos to co-create new solutions to the many social problems in Nigeria. CCHub acts as a cushy nest designed to accelerate the successful development of social tech ventures through an array of business support resources and services, developed and orchestrated by the hub management and offered both in the space and through our network of partners.
Bosun has a Bsc. In Economics from the University of Jos and a Msc in Information Systems and Management from the Warwick Business School. His professional experience includes being a Consultant on ICT4Trade to the UNCTAD/WTO in Geneva and also Development Lead for Africa in Education and Social Investment at Hewlett Packard, Geneva, Switzerland. He will be speaking on lessons we can learn from the growth and current stage of the technology entrepreneurship in Nigeria
Guest Arrival & Registration
by Adenike Adeyemi, Executive Director,FATE Foundation
Setting the Context
by Bisi Lamikanra, Partner, KPMG
Present insights from the 2016 Research Mapping on the Nigerian Entrepreneurship Ecosystem
Panel Dialogue Discussion
Executive Director, Startup Chile
Honorable Minister of State, Ministry of Industry, Trade & Investment
Executive Secretary, Lagos State Employment Trust Fund