VC Proposes Redirecting 5% of Nigeria's ₦31.5 Trillion Pension Fund to Startups

Venture capitalist Samuel Frank has proposed that 5 percent of Nigeria's ₦31.48 trillion pension fund be redirected into startup investment, a move that would represent a transformative injection of institutional capital into the country's early-stage ecosystem. The proposal formally opens a debate about mobilising domestic institutional capital for African startups, a theme separately raised in Kenya's context on August 13.