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[QUOTE="Munyaradzi Mafaro, post: 72865, member: 636"]
Nigerian entrepreneurs should consider accessing debt financing as traditional venture capital alternatives prove insufficient for operational expansion, according to Bukola Bankole from TNP during a Lagos business forum. The commercial law firm partner indicated that commercial paper issuances have gained traction among early-stage companies, while private credit from institutional sources offers viable pathways before formal credit ratings.

Adedayo Aderoju from Norrenberger Asset Management emphasized that capital markets will anchor economic development as petroleum revenues decline amid volatile pricing and reduced export volumes. The institutional investment lead stated that her firm plans to launch an environmental and social governance fund targeting startups committed to developmental impact rather than immediate profitability, with expansion into entertainment and advertising sectors.

Aderoju identified professional networks as critical factors determining funding access, urging founders to select advisers and relationship managers focused on long-term growth rather than transactional engagements. Norrenberger provides multiple financing channels through affiliated entities like the Infrastructure Bank and the CLEP Microfinance Bank when central bank regulations make traditional lending prohibitively expensive.
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