LinkedIn Profile: Ms. Thelma Ekiyor-Solanke

Episode Summary

In this episode, we dive into the Nigeria Office for Philanthropy & Impact Investing (NPO) with distinguished panel members Ms. Thelma Ekiyor-Solanke, Ms. Ayodele Olojede, and Ms. Elizabeth Oguegbu. They share insights into the NPO’s objectives, strategies, and initiatives aimed at fostering job creation and economic growth in Nigeria.

Key Questions and Topics Discussed

Introductions

• Ms. Thelma Ekiyor-Solanke: Chairperson of the NPO, providing a brief overview of her role and background.
• Ms. Ayodele Olojede: Representative from Wema Bank and NPO Implementing Committee member, sharing her expertise and involvement.
• Ms. Elizabeth Oguegbu: Representative from Access Bank and NPO Implementing Committee member, introducing her role and contributions.

Background and History of NPO

• The origin and evolution of the Nigeria Office for Philanthropy & Impact Investing.
• The role and significance of the NPO in Nigeria’s economic landscape.

Coordination with Public Office

• How the NPO collaborates with the Vice President’s office to streamline efforts.
• The integration of public and private sector initiatives.

Organizational Goals and Strategies

• Primary objectives of the NPO and the strategies in place to achieve them.
• Key focus areas and intended outcomes.

Pipeline of Companies and Resource Needs

• Developing a robust pipeline of companies.
• Resources and support required to scale up job creation efforts.

50% Allocation to Women Recipients

• Definition and criteria for women recipients (founders, co-founders, advisors).
• Long-term goals and impacts of this allocation criterion.

Grants and Requirements

• Conditions and potential matching investment requirements tied to grants.
• Efficiency in deploying grants to ensure timely job creation.

Sector Focus and Decision Process

• Specific sectors targeted for capital deployment.
• Rationale behind the selection of these sectors.

Potential for Model Replication

• Possibilities of other African countries adopting a similar model.
• Expected outcomes and benefits for the broader African continent.

Investor Partnerships

• Opportunities for Silicon Valley investors to partner with and invest in the NPO initiative.
• Ways to foster collaboration and mutual growth.

Growth and Expansion Strategies

• Plans for companies to expand into new markets.
• Strategies for growth and international expansion.

Governance and Utilization of Funds

• Assurance mechanisms for proper utilization of grant money.
• Governance structures tied to financial assistance.

Funding Application Process

• Information companies need to provide to secure funding.
• Criteria and eligibility requirements for applicants.

Beyond Financial Assistance

• Additional support provided to companies beyond funding.
• Resources and mentorship available to aid business growth.

Role of Technology and Innovation

• Importance of technology and innovation in the NPO’s investment strategy.
• Future trends and opportunities.