Business Hilights
Tracking Nigeria's Headline Business News Online

Opportunities in ICT can turn Nigerian youths to billionaires if…Ekeh

Leading pioneer investor in Nigeria’s Information and Communications Technology (ICT) sector and chairman of Zinox Group, Dr. Leo Stan Ekeh has once again submitted that ICT sector remains one of the best sectors that can create the highest number of profitable jobs for millions of youths.

But this can be possible if the government can introduce the supporting policies and the needed awareness.

According to him, “With the right kind of investment in technological platforms and the overwhelming support of the government in providing the requisite enabling environment, Nigeria can effortlessly produce global billionaires from the Information and Communication Technology (ICT) sector”.

Addressing topical issues in a recent media chat at CNN, Ekeh said “The miracle of ICT is that it is the only profession in the world today that can make the child of a poor man the richest man in the world. The challenge, however, is that majority of our youths are in a closed community in which the standards are still poor so they cannot exhibit their innate intellectual strength. As a result, they are seen as defeated and a lot of them are unemployed.

“We are doing our bit to correct this situation but government support will go a long way in helping the country achieve more. Presently, Zinox is building digital training centres and tech hubs across the country and empowering many of our youths. We have also committed some significant investment in a number of tech start-ups. Recently, we invested in an Ibadan-based software company – Xputer. Interestingly, some of the apps being created by the young chaps Xputer are driving the business processes of the major e-commerce outfits in the country. All they needed was a bit of exposure and support to help them scale up.

“The same situation applies to many of our youth. Today, if you give these youths the right platforms, which I must say is not expensive, Nigeria can produce a minimum of 10 billionaires from the ICT sector in the next few years.”

“90 per cent of youths today want to go into trending professions; lifestyle professions and that is what ICT really is. If government invests in this sector as it should, Nigeria is capable of producing several billionaires straight out of the technology space”, he added.

Analysts say Ekeh spoke from experience as he has in a number decades built an empire that is globally driven by ICT and still growing.