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Tackling graduate unemployment through innovation

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Book title: How They Started: Innovative
Nigerian Brands
Author: Kachi Ogbonna
Publisher: MiH Consulting Limited, Lagos
Year of publication: 2016
Pages: 252
Reviewer: Apeh Omede

 

Entrepreneurship has become a major buzz word in Nigeria, and that is not for nothing. Most of us are aware that youth unemployment has gone beyond just an economic problem to also become a social problem. The issues of pipeline vandalism, terrorism, thuggery, electoral violence, kidnapping and sectional agitations are hugely due to the fact that these young ones (majority of them graduates) are not properly engaged.

Those clamouring for entrepreneurship have also come up with different approaches for tackling this, the most notable of them being skill acquisition. Kachi Ogbonna has however done something completely different. As much as he believes in entrepreneurship and skill acquisition, but in his new book, How They Started, he argues that the solution to unemployment in Nigeria must begin with a fundamental mind shift.

He believes that Nigerian youths are talented enough to tap into the numerous opportunities that exist in the country, but they must first of all believe that they can. They must first accept that those opportunities are there because, according to him, no one can feature in a future that he cannot picture.

The author is an entrepreneurship and youth consultant. From his many years of mentoring young entrepreneurs and growing start-ups he discovered that the ‘entitlement mentality’ and the ‘blame game’ has become about the biggest hindrance to the realisation of the full potential of Nigerian youths. He insists that everyone is ultimately responsible for his or her own success or failure.

The author argues that the solution to graduate unemployment in Nigeria is not rocket science. He maintains that if the universities can focus more on how to produce job creators rather than job seekers then unemployment will soon become an issue of the past. He insists that each problem in this country provides a great business opportunity for those who are willing to add value to the society.

In showing how Nigeria has always been a land of opportunities, the author traced how businesses that started decades ago are still waxing strong. He also gave examples of how other businesses that were launched just about four years ago have grown to become multinationals today. He profiled 25 innovative brands cutting across different sectors including technology, the internet, entertainment, learning and development, manufacturing, restaurants, health and transportation.

Through these, he showed that opportunities abound in almost every sector of the Nigerian economy. His efforts in securing one on one interview with the founders of these brands also go a long way to validate the information in the book.

Each of the founders shared their own unique experience of what it takes to start, the challenges faced and how they handled them, how they funded their businesses and, most importantly, every one of them has words of advice for aspiring entrepreneurs.

This book couldn’t have come at a better time than a period when the Nigerian economy has plummeted to an incredible low. It couldn’t have been more appropriate than at this time when the National Bureau of Statistics (NBS) recently reported that 4.3 million jobs were lost in just 10 months. Maybe that is just a mere coincidence, yet government and citizens alike will benefit immensely from the latent force of possibilities the book ignites as we seek to drag ourselves out of the present mess.

Perhaps for the first time, someone has embarked on the important task of documenting how Nigerian brands started in a country where there is little or no regard for history (by the way, I heard History has been removed from the Secondary School curriculum) and credible data is difficult to come by. Maybe not for the first time, but in a very unique way, someone has told the story of the best of Nigeria.

It is difficult not to appreciate the difficulty the author must have passed through before the selection of these 25 brands out of the 150 companies that he reported to have researched. However, the more the author attempts to lay down the criteria for such selection, the more some of us are forced to ask if these are the only 25 brands that met those criteria. Also the fact that no company from the agricultural sector was featured means that the book is still a work in progress. I also expect to see another edition of the book possibly dedicated to just the big brands in the banking and oil and gas sectors.

In my opinion, this book provides a very good roadmap for producing a new generation of entrepreneurs who will run the upcoming global brands with roots in Nigeria. It is impossible for me not to recommend this book to both the federal government and National Universities Commission (NUC) as a manual for practical entrepreneurial studies across our higher institutions.

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Arts & Entertainments

Big Brother Naija: Housemate Ifu Ennada Calls CDQ Scammer

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Housemate in Big Brother Naija 2018, Ifu Ennada has accused popular rapper CDQ of defrauding her in school.

The aspiring actress said this in the house on Monday, adding that the rapper is a mad man.

Ennada told her fellow housemates that she did not only give him a lot of money but sacrificed a lot for him.

She tagged him a fraudster who did not return the favour when he had the opportunity to.

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Vandora, Dee One, Princess, Bitto evicted from BBNaija

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Princess and Bitto, Vandora and Dee One have become the first four housemates to be evicted from the Big Brother Naija reality show.

Big Brother had paired the housemates in strategic partnerships for the duration of their stay in the house, which meant that two people will suffer the consequences of the actions of one person and vice versa.

Dee One received his first warning strike over his insensitive jokes. This, by extension, affected Vandora who is his partner.

Princess and Bitto were also sent packing from the third season of the reality show tagged ‘Double Wahala’.

Apart from the first set of evicted housemates, Khloe and Kbrule were also disqualified from the show on Sunday night.

Both were disqualified after they had received three warning strikes.

Khloe got her second warning strike for using “strong abusive curse words”. This affected Kbrule, who is her strategic partner.

The housemates were extremely emotional and tearful as they were told to leave the house.

The remaining housemates are competing for N45 million on this season’s BBNaija.

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Khloe, Kbrule disqualified from BBNaija

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Khloe and Kbrule, housemates in the ongoing Big Brother Naija reality TV show, have been disqualified from the show.

This makes them the first set of people to leave the show.

Both were disqualified after they got three warning strikes.

Khloe got her second warning strike on Sunday for using “strong abusive curse words”. This affected Kbrule, who is her strategic partner.

Kbrule then got his third warning strike for using “strong threatening words and attempting to physically harm a fellow housemate”.

Dee One also got his first warning strike for his insensitive jokes. This, by extension, affected Vandora who is his strategic partner.

The first eviction show is supposed to hold on Sunday evening.

18 housemates have been put up for eviction except KSquared, who have now been disqualified, and LeoLex.

Big Brother had told housemates that almost all of them had been nominated for possible eviction because of their repeated failure to adhere to the rules of the house.

Since the housemates are in pairs, two of them may possibly be evicted at the weekend during the live show.

 

 

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