Get to know us
What we bring to all our initiatives is a unique experience that is research-driven. Our activities in the area of capacity building is across the country and the area of corporate advisory and event management extends to the West Africa sub-region.
Our mission is to continue to believe that we can improve on what has been done. That it is possible through our sheer effort to transform the human space for a better life experience for our people.
Everything we have done to this point has been a preparation for now. We have done a lot in the area of capacity building, we have undertaken concept development that has now become the standard. We have pioneered research-driven services while the concept of the Internet was still in its infancy.
Investment banking is a sexy way of banking with a personal touch; in a way, good public relations in an industry that is about taking and giving other people's money.
The Alfe City Institution is the result of all of the above - determined to demonstrate the boundless ability of man to do the impossible.
What we bring to all our initiatives is a unique experience that is research-driven. Our activities in the area of capacity building is across the country and in the area of corporate advisory and event management extends to the West Africa sub-region. At the governmental level, we enjoy series of ongoing relationships with various states and local governments across Nigeria. The following are just some eclectically selected events/transactions structured and managed by Infex since 1992 when it was incorporated in Nigeria with a paid-up capital of N15,000,000.00.
Previous and Current Projects
Lagos February, 1994; Emerging Market Bond Seminar
Infex structured and organized this first of its kind seminar that brought the major financial institutions in Nigeria and Ghana together for a financial instrument under-utilized in this region.
Domestic Bond Market-collateralization
Infex through the expertise of its London trained CEO introduced to the Insurance Companies and the Banks in Nigeria the techniques for the use of Domestic Bonds for both leveraging and as collateral for short and long term financing.
Nigeria/Ghana/Ivory Coast – 1995/1996
ECOWAS Traded Missions
Infex structured and organized ground breaking trade mission to Ghana and Ivory Goast for major Exporters from Nigeria. The benefits of these missions are still being enjoyed by these Exporters today.
Accra, Ghana, 1996
1st Ghana International Autoshow Wheels 96
Infex in 1996 structured and organized the first International Autoshow tagged Wheels ’96. This event brought most of the major Auto dealers to the burgeoning Ghana market. It became an annual event.
1st Ondo State Investment Forum, 2001
Infex initiated and coordinated the first Ondo State Investment Forum bringing in the World Bank, IFC, ADB and some International Investors.
Priorities and Resources Management Workshop
Infex between 2004 and 2006 structured a zonal workshop that was held in the six different geopolitical zones of Nigeria for Local Government Chairmen. A unique feat.
Infex provided consultancy and logistic support for the 4th Lagos Economic Summit. This involved coordinating institutional participation and providing resources.
Capacity Building Workshops
Infex actively provided capacity-building resources in all areas of the human need to both private and public sectors in Nigeria. Some of the company’s long-running capacity building activities included – Public Accounting, Budgeting Environment, Information Technology, Management
More recent Series
Introduction of the Approved Scheme of Service for Local Government Employee in Nigeria
-Port Harcourt, Rivers State
-Uyo, Akwa Ibom State
-Asaba, Delta State
Planning & Budgeting for Sustained Human Development
-Port Harcourt, Rivers State
-Uyo, Akwa Ibom State
-Benin City, Edo State
Technology, Housing Solutions in the 21st Century
-Uyo, Akwa Ibom State
-Akure, Ondo State
Seminar on Housing & Urban Development Issues in Nigeria
-University of Lagos, 11th – 14th November 2008
The Challenges of the Environment and the Imperative of Urban & Rural Development
-Akure, Ondo State
Revenue Generation and Cash Flow Management
-Ondo, Akure, Okitipupa, Ikare Akoko – Ondo State
THE VENTURE CAPITAL ADVOCACY SUMMIT
The question as to whether the oil has been a curse on Nigeria has persisted and the answer often is subjective. However, what is not in dispute is that Nigeria has not leveraged the enormous income it has generated from crude oil for the structural development of its economy. The shambolic state of the roads, the absence of navigable waterways, and the derelict ports, not to mention the stark reality of an educational infrastructure that does not equate to the many billions of dollars derived from crude oil in the last four decades.
This 'curse' meanwhile faces a case of natural disavowal through a combination of alternative sources of energy and global economic imperative. If the price of crude could fall to as low as twenty dollars a barrel as being speculated by some experts, the economic survival of Nigeria would have to rely on something more than the monthly sharing of crude oil receipt in Abuja.
II. THE DYNAMICS OF NIGERIA
What Nigeria has and why it is what it is, is its geographical space that makes up its people, the size of its population. This will not change; on the contrary, it is projected that Nigeria will become the third most populous country in the world – only behind India and China by 2050. Scary you would think; if it is doing so badly with a mere population of around one hundred and sixty million with the abundance of billions of dollars derivable from crude oil, what chance does it have with a half a billion people without the benefit of the free money from oil.
Nigerians are a resilient and innovative bunch; they are recognized across the world as entrepreneurial and inventive people. These attributes are not often supported or properly channeled by the traditional, conventional financial regime that has found it difficult to emerge out of a political environment that is struggling to evolve. This is the status quo that has to change.
There is a crying need for an avenue, a vehicle that could support the legendary creativity and inventiveness of Nigerians. Turning ideas, inventions into an economic power that could help support the explosive population growth in the coming years is a challenge that must now be met head-on.
III. VENTURE CAPITAL
Venture Capital often called the "trojan horse" the “dark force” the “white knight” is the driving force behind the world-famous Silicon Valley in California, United State of America. The concept has been tried in other advanced economies of the world. However, because it is already a culture, an American culture so to say in the USA, the continuing economic growth in that part of the world is impossible to imagine without it.
Basically, it's about the person with an idea using the fund from the venture capitalist to turn an idea into a product or a service that would grow to become a market beater. Think of Apple, Microsoft, Intel, Google, and more recently Uber. All that was once someone’s idea has become a global behemoth today.
According to the US National Venture Capital Association, 11% of private-sector jobs in the USA come from Venture-backed companies and venture-backed revenue accounts for 21% of US $18 Trillion GDP (2015).
Q & A
1 What is the Venture Capital Advocacy Summit all about?
One of the enduring and global reputations of Nigerians is that they are very creative and entrepreneurial people. Unfortunately, this has not translated to economic power as evidenced by the current economic collapse after the demise of the oil sector.
The Venture Capital Advocacy Summit as the name signifies is a specialist gathering structured to introduce the concept to the country as a solution to meeting the creativity/productivity gap that has inhibited translating the legendary Nigerian fame to economic power.
The summit will bring all the stakeholders in the country together with both local and international investors, experts with the primary objective of domesticating the Venture capitalism culture in Nigeria.
2 Why has Nigeria been missing from the Venture Capital space?
There are limited private equity activities in the financial sector of the country primarily geared towards established entities that are seeking foreign investment. It is a niche service whose clientèle is so defined. To a considerable degree Nigeria's absence from the global venture capital space is directly a consequence of the instability of the economy. For instance the unpredictable nature of our foreign exchange regime means that dealing with serious international investors is a considerable challenge.
3 How has it been working in other countries?
The United States of America is the preeminent exponent of venture capitalism in the world. As matter of fact, it is impossible to imagine the American economy without venture capital. According to the US National Venture Capital Association, 11% of private sector jobs in the USA come from Venture-backed companies and venture-backed revenue accounts for 21% of US $18 Trillion GDP (2015)
4.How will the Venture Capital Culture be introduced and sustained?
The key word here is domestication. On the one hand, there are millions of Nigerians out there with ideas that the traditional means of funding i.e. banks, government have not been able to service hence the struggling economy and on the other hand a lot of Nigerians have disproportionately benefited from the dysfunctional economy and are sitting on piles of idle funds with no idea of how to best invest to help grow the economy.
So three is a need that could be met by structuring the two elements for a very robust venture capital culture in Nigeria.
5 What are the roles of the FG, States and the LGs?
The roles of the Federal government and the other tiers of government is primarily creating the climate for private sector to grow. It is important that government at all levels ecourage creativity, inventions that are the rudiments of entrepreneurship. A lot of attentions need to be given to the Universities and Colleges of Technology environments so that ideas can germinate for venture capital to help turn to economic power. These are the Oasis that could converge over time.
6 What are the roles of the private sector?
The Venture Capital ecosystem would transform the private sector landscape in Nigeria. It is therefore important that the organised private sector understands that venture capital would dramatically help in the diversification of the economy by supporting new growth areas that the country badly needs.
7 What are the roles of the National Assembly?
The two houses of the National Assembly specifically the Senate Committee on Trade & Investment and the House Committee on Commerce have both been outstanding in their appreciation of what the Venture Capital Advocacy Summit could do for the economy at this difficult time. Both have promised to collaborate with us and other stakeholders to ensure that the enabling legislation are put in place for the entrenchment of venture capitalism culture in this county.
8 The commitment of the major stakeholders to the summit?
We are really appreciative of the commitment of the aforementioned committees of both the Senate and the House of Representatives, the Central Bank of Nigetia towards the success of this summit and assurance of future collaboration with us and other stakeholders in the quest to entrench the venture capital culture in Nigeria.
9 The benefits of the Venture capital advocacy summit to Nigeria?
The Venture Capital Advocacy Summit is the first of its kind in Nigeria and it will open up a new avenue for turning ideas to products. The Venture Capital ecosystem will create jobs, knowhow that at the moment does not exist because it will be a new beginning for a lot of people and a lot entities.
On the whole, the summit itself would be unique in setting and result as the event would mark the onset of an advocacy that promises to transform the entrepreneurial landscape of Nigeria for ever. It is massive.
Some of our Offerings
We have done a lot in the area of capacity building, we have undertaken concept development that has now become the standard. We have pioneered research-driven services while the concept of the Internet was still at its infancy.