Nigeria’s economy cannot grow without innovation and entrepreneurship. According to former Governor of Anambra State, Dr Peter Obi, every nation, all over the world, is judged by the level of its economy, and it is only with focused and dedicated attention to innovation and serious commitment to entrepreneurship, that the nation would move from poverty to prosperity.
Dr Peter Obi, who was delivering the 5th Special Convocation lecture at the Alex Ekweme Federal University, Ndufu Alike, Ikwo, Ebonyi State, on 14th, Tuesday, December, argued that the wealth of Nigeria or any country for that matter, could only be based on innovation of its citizens.
He disclosed that almost all the world’s Biggest Companies started in small ways. The lecturer cited the Apple, which is now the largest company in the world, as at 30 October 2020, started in a motor garage, adding that, it is now worth $3trillion.
Peter Obi gave other examples including Bill Gates’ Microsoft which is second largest company in the world today.
Other companies including Goggle and Nigeria’s Innossons as starting small, adding that Inossons that started by importing bicycle spares, now assembles cars.
The Guest lecturer pointed out that Health was another measurement of any country’s wealth, arguing that unless Nigeria took the issue of her citizens’ health seriously, it would remain static and would not move to the class of great nations of the world.
He cited Education as the third measurement for the wealth of a nation, arguing that the more educative and knowledgeable the people are, the more innovative and enterprising the Country would be.
Peter Obi expressed sadness that more Nigerians live in poverty than India and China combined.
He said that China’s population is 1.4 billion with GDP as $400,000.
Small businesses in China was contributing 80% of Chinese Revenue through small businesses.
He concluded that it was only through Innovation and entrepreneurship, which he described as the two most important steps that could pull Nigeria out of poverty.
He therefore called on governments and individuals to support innovation and entrepreneurship for the youths to bail the country out of poverty.
The Alake and Paramount Ruler of Egbaland, Oba Adedotun Gbadebo, presided as Chancellor of the Varsity at the lecture.
Others at the occasion were Professor Nwajuiba, the Minister of State for Education, representing the Visitor to the University, the Pro-Chancellor and Chairman of Council, Professor Nimi Briggs, the Executive Secretary, National University Commission Professor Abubakar Rasheed and many other stakeholders.
Alake’s entourage at the occasion included Balogun Sikirullah Atobatele, Olu Obada Oko, Oba Femi Solaja; Bantun Kehinde Sofenwa, Ambassador Olanlawon, Baamowe Professor Ajao Adelekan, AgbaAkin Rasheed Raji and Baaroyin Layi Labode.