The former governor of Kaduna state, Nasir El-Rufai, has announced that he is quitting politics for private business.
El-Rufai made this known when he announced the launch of Afri-Venture Capital Company Ltd, a firm dedicated to empowering Nigerian and African innovators.
Speaking on his new venture, he said, “What young people need is essentially mentoring and financing to get things going.
“They develop the idea and see whether it is viable. And we will open doors for them because they don’t have contact.
“They don’t know or have access to ministers, presidents, or regulatory agencies.
“We do. We know the minefields that they have to navigate. We know that they need to give them appointments and we can provide them with the startup funding and in return we take an equity position.
“We don’t want to take your business; we want to develop it. But if we take the risk on you, we will take a percentage of the business.”