LAPO MFB Backs NextechCzar Incubation Program

Posted on March 13, 2024

LAPO Microfinance Bank Limited, a leading microfinance institution in Nigeria, has announced its support for the NextechCzar Incubation Program, facilitated by the Moolu Venture Lab.

The induction ceremony, marked by esteemed industry figures, witnessed Dr. Godwin Ehigiamusoe, the founder of LAPO MFB, and Mr. Prince Ogbonna, CEO of Moolu Venture, offering insights and inspiration to budding entrepreneurs.

Dr. Ehigiamusoe, the visionary founder of LAPO Microfinance Bank, shared his perspective during the induction ceremony, emphasizing the importance of visionary business-building.

In his words, “Innovation and conscious business practices are pivotal in shaping the future of entrepreneurship. We are committed to nurturing the next generation of tech entrepreneurs who will drive positive change in Nigeria and beyond.”

Mr. Prince Ogbonna, CEO of Moolu Venture Lab, articulated the objectives of the 16-week incubation program, highlighting its two tracks—Early Stage and Growth Phase.

He expressed his enthusiasm, stating, “We aim to empower young African founders to develop impactful solutions to local challenges. With the support of LAPO Microfinance Bank, we are fostering an ecosystem conducive to innovation and growth.”

The induction ceremony witnessed the participation of distinguished guest panelists, including Mr. Oluremi Akande, Director of Marketing and Communications at LAPO MFB, Mrs. Mope Abudu, Managing Partner at AfrogloCal VC, Mr. Ovo Emorhokpor, Managing Partner at Beta Ventures, and Mrs. Dorcas Thorpe, Head of Corporate Planning at LAPO MFB.

Their collective expertise promises valuable mentorship for aspiring tech founders.

The NextechCzar Incubation Program aims to cultivate a new breed of tech entrepreneurs committed to effecting positive change through conscious business practices.

With LAPO Microfinance Bank’s generous support, the program anticipates groundbreaking ideas and innovations that will address indigenous challenges and drive socio-economic progress in Nigeria.