The Minister of Information and Culture, Lai Mohammed announces the establishment of a one million dollar Venture Capital

The Minister of Information and Culture, Lai Mohammed, has announced the establishment of a one million dollar Venture Capital to boost the Creative Industry.

The minister made the announcement at the opening of a two-day Creative Industry Financing Conference holding in Lagos. According to him, 20 people, each investing 50,000 dollars, are expected to help make up the required amount.

The minister said so far, five people had volunteered to invest 50,000 dollars each, and expressed the optimism that more investors would come forward.



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