Dayo OjerindeThe presidential candidate of the Young Progressive Party, Prof. Kingsley Moghalu, has said he will unveil a N1tn venture capital fund for the creative industry and start-up businesses in Nigeria if elected as the Nigerian president. Moghalu, at a recent interactive session with small business owners, creative industry practitioners and the media in Lagos, said the fund would be public-private sector driven with his government contributing N500m and private sector contributing N500m. He added that his government had developed a strategy to curb piracy of intellectual property by having a tight intellectual property regime. “The musicians, the entertainers, the creative industry in this country are all suffering from all these. “The second requirement for successful capitalism is innovation, which comes from intellectual property as well.

Source: Punch February 04, 2019 23:26 UTC