Categories
Entrepreneurship

Invisible Economics and the Chain of Consequences

In his book, “The Fortune at the Bottom of the Pyramid,” C. K. Prahalad asserted: “Private Sector could have the greatest impact through creating profitable businesses serving the 5 billion people who represent the “invisible, unserved market.”

The worst thing that could happen to a people is not rejection or death; it is to be INVISIBLE, to be unnoticed. People aren’t just markets. They have dignity, choices, fears and needs that must be served. Sometimes, people are not really invisible; the onlookers are just blind. A society with few entrepreneurs is one with many blind citizens. Blind citizens cannot identify and explore resources, potentials and abundance hence, they perpetuate poverty.

Poverty is the testament that the dignity of a person has been threatened and his needs have been disregarded by self and others. It is the certificate of servitude issued by naïve societies and accepted by clueless citizens who have learned, accepted and endorsed self-helplessness. Poverty is the limit on alternatives. Abundance is the limit breaker. Abundance increases the quality of life; the quality of life improves with access; access is the inclusion of the excluded.

There are deep-seated motives that pass the test of reason and justify the need for entrepreneurship, enterprise, innovation and commerce. They, by far, outweigh the obvious need for survival and exchange. Citizens must organise, learn and self-educate to spot, earn and satisfy their dignity if ever they will disembark from the voyage of despondency. People of all races, cultures and tribes are beings of needs – needs craving attention. Entrepreneurs must be enabled to arise and arise to these cravings.

The Private Sector can institutionalize an enabling environment and push for equal opportunities thereby supplementing the deficiency of bad governance. The Private Sector can democratize access to ease, wealth and bliss. In an organised mode, the Private Sector can guarantee access to credit and uphold the currency of the Nation. This is required to engage the invisible economy and undo its chain of consequences.

LEAD Resources is an ecosystem enabler. We work to support the seamless catalysis of entrepreneurs and innovators. With fit-for-purpose capacity-building programmes such as our Business Enterprise Training and Digital Economy Emerging Managers’ programme, we contribute our quota to end poverty. To learn more about these programmes, contact us here.

AUTHOR

Elkanah Oluyori is a Digital Economy and Innovation Evangelist who is passionate about nation-building and community organizing. He has authored several relevant publications to this effect. Currently, Elkanah is an Associate Solutions Architect at Lead Resources, where he delivers Management and Development Consultancy to citizens, enterprises and the government. Owing to his vast experience in working with local and international development agencies, he leads Strategic Partnership at Reformers of Africa and coordinates West African Network on Peacebuilding (WANEP), FCT.

You may reach him via the following links:

Categories
Entrepreneurship Human Capital Development Technology and Innovation

LEAD Resources to Collaborate with Remo Growth and Development Foundation (RemoGDF)

LEAD Resources is in the process of entering into a collaboration agreement with the Board of Directors, Remo Growth and Development Foundation (RemoGDF). The purpose of this collaboration is to engage in strategic Human Capital Development initiatives for the indigenes of Remo land.

On the 29th of February 2020, LEAD Resources scheduled a meeting with Mr. Abiola Ogundeko, the Director for Youth Development, RemoGDF, towards the establishment of this collaboration wherein a “3-point agenda” was proposed.

DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES

The first agenda is the activation, development and encouragement of Small and Medium Enterprises to be true catalysts of the economic development of Remo land.

The following are the objectives of this agenda:

  • Improving human capital to become effective players in the economic development of Remo land.
  • Building a sustainable system for stimulating and developing the Small and Medium Scale Enterprises ecosystem in Remo land.
  • Rapidly providing conspicuous benefits for the populace via the operations of the ministry.
  • Supporting Remo land by achieving the objective of creating effective public and private collaborations in the programme.

CONVERSION OF DORMANT SCHOOL BUILDING TO TECH HUBS

The second agenda is the conversion of uncompleted and dormant model government school buildings in Remo land to Technology Hubs.

The following are the objectives of this agenda:

  • Improving human capital to become effective players in the economic development of Remo land.
  • Collaborating with more government programmes (such as Ogun Job Portal) to channel technology solutions towards the administrative challenges of the government in catering for the wellbeing of citizens.
  • Building a sustainable system for stimulating and developing the Information Technology ecosystem in Remo land.
  • Rapidly providing conspicuous benefits for the populace via the operations of the Technology Hubs and stimulating the activation of Technology hubs in other zones of Ogun state.
  • Supporting the government to achieve the objective of creating the path for emergence of the state as a leading player in the digital economy.

LEAD Resources believes that the conversion of one of the old, model schools in Remo land to a Technology Hub for Ogun state will symbolize the commitment of Remo community to Human Capital Development, empowering the people with relevant competencies for this digital age.

LEAD RESOURCES TO SERVE AS MODEL FOR YOUTHS IN INNOVATION AND ENTREPRENEURSHIP

The third agenda of the collaboration is for LEAD Resources to serve as a model in Nigeria for building innovation and entrepreneurship capacity in Nigerian youths. This cause is towards raising competent youths for the achievement of the Sustainable Development Goals (SDGs) and active participation in the Digital Economy.

At LEAD Resources, we believe the youths can be developed and mobilized for the overall acceleration of Nigeria. Via a structured process of providing relevant education and harnessing talent and energy, the Global Goals – living well, living happy and living large – can be the new normal for the Nigerian youth. LEAD Resources seeks to accomplish this by engaging the youths in pragmatic trainings of the Digital Economy Competence Systems such as:

  1. General SDG Awareness
  2. Digital Economy Competencies
  3. Personal Talent Profiling and Management
  4. Solution Conference and Design Thinking
  5. Community Solution Clusters
  6. Start Up and Scale Up Academies

In conclusion, LEAD Resources is enthusiastic to collaborate with RemoGDF towards the implementation of these initiatives which will foster creativity, innovation and entrepreneurship amongst Remo indigenes while also enabling the community (and beyond) to achieve the Sustainable Development Goals.

Categories
Entrepreneurship

LEAD Resources to Sign an MOU with Abeokuta Business School

Abeokuta Business School is the Business and Executive arm of Crescent University. On the other hand, Crescent University is the pioneer Islamic, co-educational tertiary institution in Nigeria.

Abeokuta Business School has a goal to develop entrepreneurs who implement (not just understand) practical knowledge of business education thereby filling the gap in Nigerian Business Education. It is located at Km 2, Kobape road, Oke Mosan, Abeokuta.

Seeing that LEAD Resources has a vision to be the indisputable knowledge, leadership and real solutions provider in Africa, LEAD Resources continually seeks to collaborate with institutions that are driven towards “knowledge revolution.”

Therefore, LEAD Resources is working to forge a synergy an sign an MOU with Abeokuta Business School to organize executive education workshops, seminars and capacity building interventions in the school.

Abeokuta Business School will have the responsibilities of oversight of the courses and provision of certificates for successful students. On the other hand, LEAD Resources will take on the responsibilities of development of course contents and designing of suitable capacity development methodology for the achievement of the objectives of the courses.

Abeokuta Business School
Business and Executive Courses

Thus far, LEAD Resources has proposed to run 13 executive courses. Eight of these courses are based on Digital Economy Competency while five are based on Government and Public Finance Management.

The proposed courses are as follows:

  1. Drivers of Digital Economy
  2. Digital Business
  3. Understanding Digital Transformation
  4. Digital Marketing
  5. Leading Digital Transformation
  6. Digital Strategy
  7. Data Science and AI
  8. Building Digital Social Business
  9. Leading Economic Development
  10. Leading Sub-National Government
  11. Managing Regulatory and Enforcement Agencies
  12. Mastering Public Finance Management
  13. Public Finance Management

The tentative fee per course is N150,000 while the duration of the training is 2 – 3 days. Meanwhile, a plan is underway to organize a Business Outlook Seminar for CEOs, HR Personnel, Public and Private Finance Management Experts in 2020. For enquiries or more information, contact us here.