Business has now gone beyond mere setting up a physical store, and those who have keyed into the technology trend are already reaping the rewards. 

However, there is still room for more persons to get involved.  

Just yesterday, the Vice President of Nigeria, Professor Yemi Osinbajo, visited the Ventures Platform Hub in Abuja, alongside the British Secretary for Africa and International Development, Rt. Hon. Harriett Baldwin.  

He took his time to look at innovations of young Nigerians and he observed that most of the entrepreneurs actually started while Nigeria was in recession and emphasised that it was not just evidence of their resilience, hard work and creativity; but also, the fact that there was so much opportunity and so much could be done.

He then highlighted the role of technology in business, expressing hopes that such inputs will create more jobs for young Nigerians. 

“I think just looking at what has happened with some of the startups that we’ve seen today, many of them actually started in the recession, while the recession was on, and they proved, by just the number of jobs they have created, the value and wealth they’ve created, that this is really the future starting today.

“I think that, again, underscores the fact that technology, especially the startups that we are seeing, is the future of business in Nigeria and will lead us to the Nigeria, which is an excellent place, to do a lot of very creative and innovative things.

"We’ve seen so much already, I think we are in a very good place to make the real difference in those things that we want to see," he said. 

The Vice President also said the government was also looking at the turn of events - technology changing the way things are done - and would formulate policies in many of these new areas to create the right environment for the growth of technology companies, startups, and for innovation to thrive.

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“They’ve done so much work and innovation, so for us it is a no-brainer (why the Federal Government is supporting technology hubs); because obviously what we need to do is to create the right environment for these technology companies and for innovation to thrive, which is why we have started up first with the creativity and technology advisory group.

"Many of these young startups are members of these creativity and technology advisory group where they help to formulate policy with federal government policy makers,'' Professor Osinbajo observed. 

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The Vice President then thanked the UK government for its cooperation in boosting technology and innovation in the country through its partnership.

“I just want to say a very big “thank you” to the UK DFID for all the great support that we are getting and to say that, as they say, ‘the sky is no longer the limit,’ because technology seems to have gone way beyond the skies and we are very prepared as a government to support innovation in every way,” he said.

The British Secretary for Africa & International Development, Harriett Baldwin, said the UK was going to invest more in Nigeria’s technology sector because it “has seen a wide range of different ways in which the technology sector can really drive the economy forward, raise the income of people and also create jobs".

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