Whither Nigerian Venture Capital?

Debbie Arroyo calls for the establishment of an indigenous Venture Capital Industry.
"...In any country seeking to grow, entrepreneurs need good access to the necessary finance to enable good projects get off the ground. The time is therefore ripe for Nigeria to take action by putting in place the conditions necessary for the take off of an efficient venture capital industry. This means putting in place the necessary financial infrastructure, removing the regulations that restrict competition in financial services and encouraging institutional investors like pension funds and insurance funds to take more interest in venture capital investment, via the provision of incentives like tax benefits.Most importantly, enabling the change of culture that would help Nigerian entrepreneurs understand the importance of equity funding and the benefits to the business and the economy in general..."