By Tope Toogun Refocusing our economic development agenda is the third crucial systemic challenge. With the exception of a few countries like Morocco, Egypt and South Africa, most African countries operate rent seeking, consumption driven and import dependent economies. Rwanda is a bright spot in this firmament, however. With a long term strategy, the right…
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By Tope Toogun Way forward? Despite the plethora of programmes and initiatives to spur entrepreneurship, there is a lack of coordination at the policy level in most African countries, which limits the positive impact such interventions may otherwise have had. While one government agency may be responsible for promoting entrepreneurship, another agency of the same…
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By Tope Toogun For a continent with 60% of the world’s uncultivated arable land and youthful population, it is ironical that we have very high levels of unemployment. There is a sense of optimism around the world that somehow, we will get our act right and take sensible action to spur growth on the continent.…
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“Carry on any enterprise as if all future success depended on it”. Cardinal Richelieu According to the Stellenbosch Business School in South Africa, Enterprise Development is defined as “the act of investing time and capital in helping people establish, expand, and improve businesses”. It’s a way of assisting or accelerating the development of businesses –…
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By Tope Toogun Africa is a continent of contrasts. On one hand, it is seen, and rightly so, as the world’s last frontier where massive development is set to occur. On the other hand, it is probably the most problematic continent; with sit tight leaders, all sorts of wars and conflicts, the occasional natural disaster,…
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“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.” – Vince Lombardi The path to being an entrepreneur can be filled with all sorts of difficulties. Ranging from potholes…
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By Tope Toogun Capacity building for university administrators Can we improve the managerial capability and business acumen of our university administrators? I will recommend attendance at a course like the Lagos Business School’s CEP and AMP (Chief Executive Programnme and Advanced Management Programme) for Vice Chancellors, Rectors, Deputy Vice-Chancellors, faculty deans and other layers of…
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By Tope Toogun Broadband Internet access and embedded power generation Second, can we also explore possibilities to guarantee broadband access through fibre-optic networks and constant power through embedded off-grid power plants to all our tertiary institutions, public and private alike? The Oxford Business Group 2015 Nigeria Report indicates that “though internet access is rising throughout…
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By Tope Toogun What is taking place or has taken place at TETFUND should be of interest to all stakeholders interested in curbing graduate unemployability. TETFUND says it is the key agency for actualizing the Ministry of Education’s Strategic Plan in the focal area on Funding, Partnerships, Resource Mobilization and Utilization, towards accomplishing the objectives…
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“Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people”. Sri Mulyani Indrawati Indonesian Economist/ Minister of Finance Everyone needs money,…
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