{"id":26566,"date":"2020-11-29T19:44:44","date_gmt":"2020-11-29T18:44:44","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=26566"},"modified":"2020-11-29T19:44:44","modified_gmt":"2020-11-29T18:44:44","slug":"firms-plan-summit-to-reposition-nigerias-entrepreneurship-drive","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/firms-plan-summit-to-reposition-nigerias-entrepreneurship-drive\/","title":{"rendered":"Firms plan summit to reposition Nigeria\u2019s entrepreneurship drive"},"content":{"rendered":"\n<p><strong>By Tanko Mohammed<\/strong><\/p>\n\n\n<p>Strength Africa, an indigenous company, says it is set to hold a \u2018Start Up Summit\u2019 that would seek to refocus the entrepreneurship drive of Nigerians and for policy makers to provide an enabling environment for entrepreneurs to thrive.<\/p>\n\n\n<p>The summit, which brings together over 40 renowned entrepreneurs with demonstrable track record spanning 20 to 30 years as panelists, would seek to educate, expose, share experiences and proffer solutions to creating the right environment for entrepreneurship in the country.<\/p>\n\n\n<p>Addressing newsmen in Abuja on Sunday, Taiwo Adepoju, Managing Partner and CEO of Strength Africa,&nbsp; organisers of the summit, said that Nigeria currently lacked the right environment for startups to flourish.<\/p>\n\n\n<p>According to him, the environment does not encourage people to start up due to fear of failure, pointing out that in other climes, where the environment were more friendly, startups sprang up faster.<\/p>\n\n\n<p>Adepoju said that the summit will be virtual and free, as attendees from Nigeria and across Africa seek to address all impediments to economic development via entrepreneurship.<\/p>\n\n\n<p>\u201cThis is a free event as our own contribution from Strengths Africa towards kick starting or accelerating development of the entrepreneurial system in Nigeria.<\/p>\n\n\n<p>\u201cThe theme of this maiden summit is to build an entrepreneurial ecosystem. A system that is built to sustain any venture or any individual.<\/p>\n\n\n<p>\u201cMan is in an ecosystem and being in that system there is green vegetation, there is sunlight, there is the enabling environment and that is the kind of thing we want to create for the entrepreneurial space\u201d, he said.<\/p>\n\n\n<p>Adepoju added: \u201cWe realised that entrepreneurship is the key driver for any sustainable growth within any economy and in other climes, the startup per capita is densely populated.<\/p>\n\n\n<p>\u201cOver the last two months, we have had series of pre-launches to drive home the need for people to come to the realization that entrepreneurship is key.\u201d<\/p>\n\n\n<p>The Strength Africa CEO said that the summit will focus on providing education, exposure and experience, which he identified as key drivers to attaining success at any level.<\/p>\n\n\n<p>He encouraged Nigerian entrepreneurs not to be discouraged from venturing for fear of failing, stressing that failure is actually a step forward, even though there was no comfortable environment in Nigeria to encourage such venturing, adding that those are some of the issues the summit hopes to address.<\/p>\n\n\n<p>\u201cEnvironment also dictates how organisations thrive and we believe that in Africa, particularly Nigeria, we do not have that enabling environment, we talk about infrastructure but there are other components that help a start up to succeed.<\/p>\n\n\n<p>\u201cThe focus for us is primarily driven around three components: Small and Medium enterprises, which is the first cluster, Innovation Driven Enterprises (IDEs) like Uber and Paystack, and also social enterprises,\u201d he said.<\/p>\n\n\n<p>The convener pointed out that finance was not the main solution to entrepreneurship problems, stressing that without the right information and data, startups will continue to fail.<\/p>\n\n\n<p>On that note, he added, the academia has a crucial role to play in the area of research and practical-based training for young Nigerians.<\/p>\n\n\n<p>\u201cMoney does not really solve problems but knowhow does. Beyond finance, it will surprise you that the academia plays a critical role in the economic development of our nation.<\/p>\n\n\n<p>\u201cImagine we had schools that beyond theory, were getting them schooled in practical entrepreneurship and doing research and capturing success and failure rates.<\/p>\n\n\n<p>\u201cWe do not have the data that supports you or have information as to what can work in Nigeria, so if somebody has an idea, and doesn\u2019t have any additional information on people that have ventured, he is likely going to do the same thing\u201d, he said.<\/p>\n\n\n<p>He added: \u201cI can tell you that many entrepreneurs start off without interfacing with the National Office for Technology Acquisition and Promotion (NOTAP), where there is an immense record of available data.<\/p>\n\n\n<p>\u201cIf only they could tap into it, this would have improved their businesses and maybe averted failure.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tanko Mohammed Strength Africa, an indigenous company, says it is set to hold a \u2018Start Up Summit\u2019 that would seek to refocus the entrepreneurship drive of Nigerians and for policy makers to provide an enabling environment for entrepreneurs to thrive. The summit, which brings together over 40 renowned entrepreneurs with demonstrable track record spanning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241,296,126],"tags":[432],"class_list":["post-26566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-social-economic","category-trade-and-industry","tag-entrepreneur","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Firms plan summit to reposition Nigeria\u2019s entrepreneurship drive - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/firms-plan-summit-to-reposition-nigerias-entrepreneurship-drive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Firms plan summit to reposition Nigeria\u2019s entrepreneurship drive - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By Tanko Mohammed Strength Africa, an indigenous company, says it is set to hold a \u2018Start Up Summit\u2019 that would seek to refocus the entrepreneurship drive of Nigerians and for policy makers to provide an enabling environment for entrepreneurs to thrive. 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