Founder of Knowledge Digest Africa and Digital CEO, Tribe International, Samson Olatunde, speaks on some the challenges hindering digital entrepreneurs in the country. Oluchi Chibuzor presents the excerpts.
It has been said that entrepreneurs drive any nation’s economy, how through in this saying?
Yes, this is absolutely true. Entrepreneurs are not just solution providers to an array of problems; they boost any nation’s economy. No nation can completely solve unemployment issues without market-creating innovation. To begin with, entrepreneurs strongly create new businesses that directly respond to the unmet demands in the market. For instance, before this moment, it was seemingly difficult for Africans in the diaspora to send remittance through their phones, except by using western union and others. Send WAVE came into the picture and therefore allows senders from Europe and North America to send money to their loved ones in Africa. This is not just an innovation; it has also responded to the unmet demands in the market. Also, entrepreneurs are job providers. Just imagine that you have a billion-dollar business idea! You obviously can’t execute it alone; you need people to work with you. By hiring people, you are supporting a nation through increasing the quality of life and reducing the unemployment rate. I can say this for free: no nation can succeed without entrepreneurs.