The Director General has called on venture managers to strategically leverage innovation as a catalyst for enhanced productivity and sustainable growth. Addressing industry leaders and stakeholders, the DG emphasized that in today’s rapidly evolving business landscape, adaptability and innovative thinking are no longer optional but essential for survival and competitiveness.He highlighted that global trends show a surge in venture capital investment, particularly in sectors driven by artificial intelligence, enterprise software, and healthcare, with 2025 poised to be a transformative year for businesses willing to embrace change. The DG pointed out that successful organizations are those that challenge the status quo, adopt new technologies, and foster a culture of continuous improvement—qualities that are increasingly defining market leaders both in Nigeria and globally.Referencing Nigeria’s vibrant tech ecosystem, the DG noted that the country is well-positioned to become Africa’s innovation powerhouse, thanks to its youthful population, expanding digital infrastructure, and government-backed initiatives aimed at dismantling bureaucratic barriers to research and development. He urged venture managers to tap into interdisciplinary research, integrate emerging technologies such as artificial intelligence, and collaborate across sectors to develop market-driven solutions that address local and global challenges.The DG also stressed the importance of learning from global best practices, encouraging managers to look beyond local markets and adopt strategies that have proven successful in other innovation-driven economies. He concluded by reaffirming the government’s commitment to supporting innovation through policy reforms, funding opportunities, and capacity-building programs, urging all stakeholders to seize the opportunities presented by the current wave of technological advancement to drive productivity and long-term value creation.
DG Urges Venture Managers to Harness Innovation for Greater Productivity
