I gave a speech at the 47th ICAN Conference in Abuja on Wednesday, 18th, October to over 3000 accountants on the Role of Entrepreneurship in Nation-Building where I charged the accounting professionals on the role of entrepreneurs towards national development and how they can support entrepreneurs.
Here are 5 key take-aways from my speech:
- As entrepreneurs, your major role in national development is innovation. Nike changed the way we relate to working out, Wakanow saw a problem in booking tickets and provided a solution. These are examples of innovation and at the heart of innovation is entrepreneurship
- Entrepreneurs are vital and central to the economic development of any nation. They see gaps in the market and provide solutions. At the heart of transformation in a continent is entrepreneurship
- The role of entrepreneurs in meeting the challenge of unemployment is job creation. Entrepreneurs create wealth. At the Tony Elumelu Foundation, our entrepreneurs will create at least 1 million jobs as a result of their enterprises and contribute at least $10b to the African economies over 10 years
- Young entrepreneurs see agriculture as a business opportunity. The Tony Elumelu Foundation’s Entrepreneurship Programme is sector agnostic. We never launched our programme looking for agri entrepreneurs. Yet, young African entrepreneurs between 21-37 year olds see agriculture as a business opportunity
- When looking at intra Africa trade and diversification, entrepreneurs are already leading the charge in building businesses in the high growth sectors and finding innovative ways of cross border trade.