Startups Ecosystem Needed To Address Future Challenges- OSINBAJO


On Thursday  29th April 2021 at the Startup and Developer event organized by Google in Abuja, The Vice President of Nigeria, Prof. Yemi Osinbajo, said that the startup ecosystem as one of the major tools in finding solutions to Africa’s various challenges.

The Vice President said that “these challenges will determine if the continent’s future as the next frontier for economic opportunities will fully be realized.

The Vice president made the assertion on Thursday at the Startup and Developer event .

Osinbajo who was represented by Director-General, National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi, said “the ideas of Start-Ups from inception has always being to impact, noting that the event brought relevant stakeholders together to collaborate and bring something new to the world or new to an industry.

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“There will never be a more perfect time to strengthen the African startup ecosystem than now, on the verge of the 4th industrial revolution,” he said.  Osinbajo noted that the 3rd industrial revolution was pivotal to unprecedented global economic growth in the 21st century, as it disrupted traditional service delivery channels and accelerated the automation of factories and manufacturing processes, using electronics and information technologies to expand the reach and create prosperity but Africa hopped along and missed out.

Technology giant, Google, has restated its commitment to the start-up ecosystem in Nigeria and other parts of Africa.  It disclosed this yesterday at the opening of applications for the 6th Class of the Google for Start-ups Accelerator programme

The industry players reviewed opportunities unfolding throughout the internet economy, with special attention to the support of developers and start-ups in the region.

Applications for the three-month programme that is slated to start on June 21, 2021, will be open until May 14. The online programme, which includes three intensive virtual training boot camps, mentorship and Google product support, is open to applications from 17 countries across Africa, including Nigeria, Egypt, Ethiopia, Ghana, Kenya, Senegal. South Africa, Tanzania, Tunisia, Uganda and Zimbabwe. The aim is to support the growth of the start-ups through their crucial growth phases.

Osinbajo believed it is high time Nigeria/Africans, and other stakeholders invest more and also startup ecosystem to tackle future  challenges in Nigeria and Africa at large

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