...transforming Nigeria through Entrepreneurship and Innovation
The University of Ibadan Centre for Entrepreneurship and Innovation often called the CEI, started in 2002 as the University-Private Sector Collaboration (UPSC) Sub-committee of the MacArthur Grant Implementation Committee. The Programme for Entrepreneurship and Innovation (PEI) was established in June 2005. The process of transforming the PEI to the Centre for Entrepreneurship and Innovation took place on June 27, 2007 when the UI senate granted approval for the establishment of the Centre.
Since inception, CEI has been an arm of the University responsible for teaching and research in entrepreneurship and innovation, and highlights the direct relevance of the university to its environment and society as large. It seeks to complement the efforts of government in promoting private sector-led growth as envisioned in national and continental policies and initiatives, such as the National Economic Empowerment and Development Strategy (NEEDS), the New Partnership for Africa's Development (NEPAD), the National Programme for the Eradication of Poverty (NAPEP), and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), among others.