Nigeria’s Vice-President Yemi Osinbajo says he will officially open the Climate Change Technology Club at the Pan African University in July 2018 as part of government’s collaboration with the University to provide environment for innovation to thrive in the country.
Osinbajo who stated this while speaking as he commissioned the Vibranium Valley, a place devoted to talent, innovation, data and entrepreneurship at Ikeja, Lagos, said “on the part of government, we are putting our money where our mouth is. We believe that it is our role, to provide the environment where innovation can thrive. So we are including technology start-ups and businesses in our list of businesses eligible for pioneer status. And that means tax holidays.”
He commended the idea of the valley birthed by Kunmi Demuren and Bunmi Akinyemiju and delivered by a team of over 100 young Nigerians. “We are told that the Vibranium Valley houses 30 tech companies, with the potential to house up to 50 companies. And that it is the largest technology campus in sub Saharan Africa,” he said.
The founders equally founded the Ventures Garden Group, which grew their technology company from a start-up to a $60million Pan-African growth stage technology holding company in 7 years. Through their investment company, which is called Green House Capital, they created an ecosystem of world class technology companies. These companies include 6 wholly owned companies and investments in other young companies, including the well-known Flutterwave, Rensource Energy, Edutech, Finatech, Mines Dot I.O, CC Hub’s growth fund, Appzone and 10 others.