Lagos is the most populated city in Nigeria, ranked 7th fastest growing city in the world and the 2nd fastest growing city in Africa. Although it is the smallest state in Nigeria by landmass, it is the most popular city in West Africa, and has the biggest internally generated revenue uptake among states in Nigeria (generating 25%…
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– “daju daju Eko o ni baaje” Ever since the formation of the Ministry of Wealth Creation and Employment by the incumbent governor of Lagos State – which is in response to the abolition and re-alignment of ministries, departments and agencies – the Lagos state government, has been a vehement and dogged supporter of the…
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GE in Africa – “Afri-gination at Work” GE, in short for, General Electric, is an American multinational conglomerate company incorporated in the state of New York, and headquartered in Boston, Massachusetts. A household name in America with total assets of about $365.2 billion dollars, GE is one of the largest and most-diversified corporations not only in the US, but also in…
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GE’s Universities Business Challenge and Special Competition The Universities Business Challenge (UBC) is the world’s leading undergraduate business game competition designed to foster employability and entrepreneurial (EE) skills in students. Now in its 19th year, the UBC was launched in the UK in 1998 and is supported by leading universities and graduate employers all over…
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By Tope Toogun Refocusing our economic development agenda is the third crucial systemic challenge. With the exception of a few countries like Morocco, Egypt and South Africa, most African countries operate rent seeking, consumption driven and import dependent economies. Rwanda is a bright spot in this firmament, however. With a long term strategy, the right…
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By Tope Toogun Way forward? Despite the plethora of programmes and initiatives to spur entrepreneurship, there is a lack of coordination at the policy level in most African countries, which limits the positive impact such interventions may otherwise have had. While one government agency may be responsible for promoting entrepreneurship, another agency of the same…
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By Tope Toogun For a continent with 60% of the world’s uncultivated arable land and youthful population, it is ironical that we have very high levels of unemployment. There is a sense of optimism around the world that somehow, we will get our act right and take sensible action to spur growth on the continent.…
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“Carry on any enterprise as if all future success depended on it”. Cardinal Richelieu According to the Stellenbosch Business School in South Africa, Enterprise Development is defined as “the act of investing time and capital in helping people establish, expand, and improve businesses”. It’s a way of assisting or accelerating the development of businesses –…
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By Tope Toogun Africa is a continent of contrasts. On one hand, it is seen, and rightly so, as the world’s last frontier where massive development is set to occur. On the other hand, it is probably the most problematic continent; with sit tight leaders, all sorts of wars and conflicts, the occasional natural disaster,…
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“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.” – Vince Lombardi The path to being an entrepreneur can be filled with all sorts of difficulties. Ranging from potholes…
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