Thursday, March 08, 2007

Nigeria Boosting Entrepreneurship?

Thanks to my fellow Africa blogger Black River Eagle (who just had a very insightful piece on Black History month in Europe, by the way) for alerting me on this article , we bring you some very exciting news coming from Naijaland courtesy of Knowledge@Wharton and the Wharton School of the University of Pennsylvania.

The audio link that follows is a podcast from a conversation between Peter Bamkole, General Manager, Enterprise Development Services at Lagos Business School and two journalists from Knowledge@Wharton. There is also a link provided for the written form of the interview at the bottom of this post.

Just to briefly summarize contents of this podcast, what it describes is a multi-fold approach to making the Nigerian economy one of the world's most competitive developing economies by the year 2020. Mr. Bamkole covers some proposed changes to Nigeria's educational system to prepare every university student for entrepreneurship irrespective of college major, the fight against corruption, and how the Nigerian government is beginning to move towards doing more to foster the growth of their newfound sweetheart-the Nollywood cinema industry(the world's 3rd fastest entertainment industry).
It to me sounds like Nigeria has a very realistic plan.

The audio link is below:


What this news story invoked in me was a reinforcement of my prior beliefs that against the backdrop of so much that we hear about Nigeria, the country has been quietly making strides in the area of entrepreneurship and small business friendly legislation. What it boils down to is that Nigeria is making itself more attractive to outside investors and more conducive to organic growth through local entrepreneurship-this has the potential of becoming huge! It is also very interesting to note that throughout much of West Africa Nigerian businesses have been reaching out their arms into new markets. Thus, the strengthening of Nigeria's entrepreneur base, through targeted education and support, has the potential to also benefit populations through out West Africa.

Those are my thoughts, at least-but what do you think? Don't be shy please feel free to share your thoughts.

This is the Knowlege@Wharton link, from which both the podcast and written interview can be found.

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