From left to Right
(Ms. Chioma Ome Country Director, Solar Sister; Dr. Olawale Anifowose. Director of Programs, Enterprise Development Centre; Alhaji Ibrahim Aliyu Bala, Chairman Board of Directors, Norrenberger; Dr Vanessa Phala. Director International Labour Organisation (ILO); Mr. Tony Edeh. GMD/CEO, Norrenberger; Mr. Alu Oryiman Principal Enterprise Officer, SMEDAN; Dr Tijani Oladipupo Head, Business Advisory, Norrenberger (Moderator)
Abuja, 13th October 2023 – The Norrenberger Financial Services Group Limited (“Norrenberger”), a pioneering integrated financial services group passionate about economic development and simplifying wealth creation has announced the launch of its model Entrepreneurship Fund. This initiative, focussed on youth corpers, is geared toward empowering aspiring young entrepreneurs, driving innovation, and contributing to sustainable economic growth during their one-year mandatory national service.
The norrenberger entrepreneurship fund (nef) is designed to provide financial support, mentorship, and business resources to passionate individuals with innovative business ideas. The fund aims to bridge the gap between creative ideas and viable enterprises by offering both seed funding and a comprehensive support network that will incubate startups that go on to flourish.
“We are excited to unveil the norrenberger entrepreneurship fund, which marks a significant step towards nurturing the entrepreneurial spirit in our community,” said Tony Edeh, GMD/CEO Norrenberger. “Through this initiative, we aim to not only provide financial backing but also offer guidance and advisory services that will help transform ideas into impactful businesses.”
The unveiling ceremony also highlighted some key features of the fund which include:
Seed Funding: The fund will provide crucial seed funding to selected entrepreneurs, enabling them to kickstart their ventures and bring their innovative ideas to life.
Mentorship and Support: Recipients of the fund will gain access to a network of experienced mentors, industry experts, and successful entrepreneurs who will provide guidance, insights, and advice.
Access to Resources: Using our hands-on experiences as a financial group, the fund will offer workshops, training programs, and networking opportunities to equip entrepreneurs with the skills and knowledge needed for long-term success.
Innovation Ecosystem: In a bid to create a thriving ecosystem of collaboration and innovation, Norrenberger will be connecting entrepreneurs, investors, and industry leaders.
The official announcement of the Entrepreneurship Fund which took place at an exclusive event on Thursday October 12th 2023 at the prestigious Johnwood by Bolton hotel, Abuja featured distinguished guests from Federal Ministries, youth development agencies, International organisations, as well as speakers from the entrepreneurship and business community, sharing their insights on the importance of fostering innovation and supporting emerging businesses.
The theme of the event, ’’ Investing in Nigerian Youth to Drive Entrepreneurship: Opportunities and Challenges”, featured a fireside chat moderated by Dr Tijani Oladipupo, Head Business Adisory Norrenberger and featured speakers; Dr Vanessa Phala, Country Director ILO; Tony Edeh,GMD/CEO Norrenberger; Dr Olawale Anifowoshe, Director of Programs EDC Pan-Atlantic University; Chioma Ome; Country Director Solar Sister Nigeria, and Weyinmi Eribo, Lead Partnerships and Government Relations Nguvvu Collective.
The conversations centred on the need to amp investments that unlock the potential in young people in Nigeria, increase private sector participation and ensure that better public sector policies attract young entrepreneurs and support their dreams.
“We believe that by investing in the potential of visionary entrepreneurs, we can drive positive change and contribute to the growth of our local economy,” added, added Amani Momodu, Group Head, Strategy Development & Business Growth.”This fund reinforces our commitment to fostering a culture of innovation and creating a vibrant entrepreneurial landscape.”
Norrenberger is a financial services group that provides bespoke financial solutions that add value to our individual and institutional clients. With a team of experienced professionals, Norrenberger offers a comprehensive range of services, including asset management, private equity, development finance, investment banking, insurance, pensions, securities trading, fintech and digital banking.
Our component companies are licensed, authorised and regulated by either the Securities & Exchange Commission (SEC), Central Bank of Nigeria (CBN), Nigerian Exchange Limited (NGX), National Pension Commission (PenCom) or National Insurance Commission (NAICOM).
Website: www.norrenberger.com
