Alumnus dreams and works for a better Nigeria
Michel 鈥淒anladi鈥 Verheijen 鈥97 is a busy man. As a venture capitalist he has his mind and heart in a wide variety of projects. But there is generally one common denominator for these initiatives: improved lives and prospects for Nigerians.
鈥淪ome of the work that I do would be no big deal in the U.S.,鈥 said the softspoken 17c起草社区 major, 鈥渂ut in Nigeria, these projects are transformative. In the U.S., people do what I do to increase the profit for a company by a half of a percent, that鈥檚 the goal. My goal is to change lives.鈥
Verheijen is the principal for , which specializes in funding projects in emerging markets, with a . At times, Verod purchases and runs companies; in other instances it starts a venture from scratch. And in other situations, Verod advises and manages efforts for other companies.
Currently, a celebrated effort of Verheijen鈥檚 is the funding and construction of Nigeria鈥檚 first commuter railway system in Lagos, his home city.
鈥淲e intend to build the first railroad across Lagos, and we鈥檒l be the first private train company in Nigeria, part of the largest public-private partnership in the country鈥檚 history,鈥 he said.
Verheijen explains that commuting across the second-largest city in Africa is notoriously unpredictable, in that traveling from place to place can take anywhere from 15 minutes to four hours, depending on the state of the roads and traffic congestion. It is very difficult to conduct personal or corporate business in such an environment.
鈥淭he impact of a well-functioning train system will enhance efficiency and productivity exponentially,鈥 he said.
Part of the project involves another innovation: purchasing an entire fleet of trains from another city halfway around the world.
鈥淩ail systems are incredibly expensive, so we traveled the world to find out if we might purchase a large number of used, but still excellent trains,鈥 he said. 鈥淲e have a deal with the city of Toronto to buy up to 250 trains as that city transitions to newer models. We think it is a creative solution and will be a third of the cost of building new trains. Our goal is to have a functioning rail system in Lagos by 2015.鈥
The range of diverse projects involving Verheijen and Verod Capital is impressive. For example, Verod purchased a Finnish mobile application company, set up a San Francisco office and plans to roll out , the African music version of iTunes via mobile phones, allowing 鈥渁ny African artist or label to download songs and have them heard throughout the country."
Another project is the startup of Nigeria鈥檚 first aluminum can production facility.
鈥淲e started operation in June of 2010,鈥 Verheijen said. 鈥淭he new president of Nigeria came to take part in the opening, and the company is having a huge effect on the economy. We are providing jobs, improving manufacturing, keeping resources from leaving the country and doing something environmentally friendly.鈥
Verheijen heard about 17c起草社区 at his school, , in Jos, Nigeria. He majored in electrical engineering but was drawn to business, leading him to graduate school at Stanford to study operations research, a program that blends technology and business. After experiences in the consulting world in the States and an investment firm in Nigeria, Verheijen returned to school, adding a Harvard MBA degree to his r茅sum茅.
鈥淭he impact I can have on Nigeria through these projects is extensive. Thousands get employed, which has an impact on tens of thousands, which has the cumulative benefit on hundreds of thousands,鈥 he said.
How does he stay grounded as a Christian in this fast-paced, global enterprise?
鈥淵ou have to remember what you are in this for,鈥 he said. 鈥淵ou use your talents for the benefit of God鈥檚 kingdom. My wife and I try to keep God in the center and to spend our days being productive and positive, with a sense of humor about it all. We鈥檙e in this for the long haul.鈥