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Moghalu Assures Entrepreneurs N1tr Venture Capital Fund if Elected President

By Dipo Olowookere

Presidential candidate of the Young Progressives Party (YPP), Mr Kingsley Moghalu, has promised to ensure entrepreneurs in the country have access to N1 trillion Venture Capital Fund if elected President of Nigeria in 2019.

Mr Moghalu made this pledge at the palace of Emir of Kano, Muhammadu Sanusi II, when he led members of his Kingsley Moghalu Support Organisation (KIMSO) and To Build A Nation (TBAN) to Kano State.

The presidential aspirant, a former deputy governor of the Central Bank of Nigeria (CBN), worked under the monarch when he was the CBN Governor.

Mr Moghalu said his proposed massive investment in entrepreneurship scheme would boost economy of the country, emphasising that the programme would not be based on religion or ethnicity.

The economic expert said, “It is time for a new generation of leaders that are interested in creating a better future for Nigerians.

“Every young Nigerian can contribute to the development of our great country, but there needs to be opportunity and access to education, skills, and better security to improve their lives.”

In his remarks, the Emir of Kano said, “Kingsley and the other three deputy governors made important contributions to the bank’s success during my term as governor.

“In my view, any of those four deputy governors is qualified to hold any leadership position in Nigeria today. There is no question that whatever happens, Kingsley’s participation in Nigerian politics as an aspirant to the highest office of the land has already steered the narrative in the right direction.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

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