With over 11 million Nigerians daily hooked on to social media, including Facebook and Twitter platforms, the country has occupied yet another first position in use of these mode of communications for business and social transactions in Africa, whereas its closest rival, South Africa records about nine million users as at the end of February. Disclosing this the 9th CEOs’ Forum organised by a non governmental body, LEAP Africa, for Small and Medium Enterprises (SMEs), in the country, in Lagos, the Executive Director of the outfit, Ms. Iyadunni Olubode, stated that with the country leading the new trend in doing business in the world, it would be a question of time before solution for youth unemployment would be found.
Speakers at the one-day event maintained that with technology at beck and calls of startups, survival of small-scale businesses would no longer be promoted with huge capital. “Currently, Nigeria has about 1,300 enterprises at various stages of development and this is constantly creating wealth and affording young school leavers the opportunity to not only be gainfully employed but even to create employment opportunities for others, “ said Dr. Osaren Emokpae, an entrepreneur strategist, one of the speakers at the event.
He called on SMEs to employ the importance of sharing information within their groups as to leverage on areas where they may not have advantage. Professor Balvinder Singh Powar, managing director, CEO BOOST Industries, Spain, commended the jump in use of social media in Nigeria, adding that the only sure way for surviving of small scaled enterprises is for the young people go extra miles in deployment of information technology in all their programmes.
Culled from The Guardian.