The Nigeria Sovereign Investment Authority (NSIA) has rewarded 10 Nigerian innovators with the sum of $60, 000 and equity investments at the NSIA Prize for Innovation.
The News Agency of Nigeria (NAN) reports that the innovators were rewarded at the Prize for Innovation Programme (NPI) on Saturday in Lagos.
Seven innovators- TruQ, Capsa Technology, Apace, Ya-lo, Credit-Chek, Vella finance and kobo pay won the fourth place of $5,000 and Legit Car Africa won the third place of 12,500 dollars.
Extension Africa won the second place of $17, 500 while Money Africa won the star prize of $25,000.
The programme with the theme: “Driving a Sustainable Future Through Innovation, is designed to identify innovative technological solutions developed by Nigerian tech entrepreneurs.
Mr Aminu Umar-Sadiq, the Managing Director/Chief Executive Officer, NSIA, said the event was organised to encourage entrepreneurs.
” I think the important thing is that this event actually catalyzes what we have seen as very great ideas emanating from Nigeria and entrepreneurs to solve Nigerian problems.
“I hope that this event allows us to mobilise domestic capital long-term patience toward Nigeria.
“So, hopefully, beyond that, we are also looking at the value creation and addition that comes beyond the investment in these companies.
NAN
