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Nigeria must brace for digital phase of global development — Peter Bamkole

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oil economy
Peter Bamkole, the Director, Enterprise Development Centre (EDC), Pan Atlantic University, Ibeju-Lekki, Lagos

The Director of the Enterprise Development Centre (EDC), Mr Peter Bamkole, has emphasized the need for Nigeria to brace for the next digital phase of global development.

Mr Bamkole who made the remarks at a media briefing held to launch the 13th SME Conference at the Pan Atlantic University, Ibeju-Lekki, on Wednesday, added that the era of the oil economy is far gone. He posited that the government needs to urgently seek for substitutes in order to shore up its revenue and arrest the growing unemployment.

Bamkole said: “For us the oil economy is far gone; therefore we are already looking at the next phase of global development, especially the opportunities provided by technology, agriculture and the creative industry”.

He mentioned that the creative industry presents enormous opportunities for revenue if well harnessed; saying Nigerian movies are held in high regards overseas, and with some investment can be expanded still.

While driving wider adoption for entrepreneurship, Peter Bamkole announced that the 13th annual SME conference, tagged “Growing a Business in Challenging Times: Exploring New Trends in Entrepreneurship”, billed for the 18th of September 2019, at the Lagos Business School campus, Ibeju-Lekki, will help shape the narrative of Nigerian economy.

According to him: “The conference is expected to change the direction of SME in the country. It will focus on governance, which is key; as well as how entrepreneurs can utilize data to drive growth, and deploy technology to change the narrative of business”.

Further, the director advised government to key into the abundant talents available to the nation. He explained that empowering small business owners to grow will help reduce the burden on government and facilitate the creation of job opportunities for the unemployed.

Other top dignitaries at the conference also express their support for the Federal government and its work towards stimulating a national movement for entrepreneurship. Charles Anyanwu, the Head, SME, at Lagos State Employment Trust Fund (LSETF), said the state is committed to capacity development. He said platforms such as the SME conference will help pull many youth off the street.

Likewise, Tolulope Onalaja, the Executive Director of RevolutionPlus Property, Wole Shenbanjo, Chief Executive Officer of Shebeen Travels; Nike Aiyudu, the CEO of Birthedge Mercantile Ltd., and Benedicta Sadoh, Group Head, Retail Asset at Sterling Bank, reiterate their commitment to the success of the SME conference and continual progress of capacity building initiatives in the country.

The Enterprise Development Centre (EDC) is the not-for-profit arm of the Pan Atlantic University devoted to building capacity among small and medium scale businesses.




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Toyin Afilaka
Toyin Afilaka writes with simplicity and insight. He has a PR and brand marketing background. He has worked previously at MarketingMix, IGW Entertainment (Germany), and BrandFootPrint. He managed the MTN Project Fame between 2012 and 2015. Toyin loves travelling, writing, reading; and he treasures integrity.

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