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Stakeholders Brainstorm on Success Strategies for Startups @2023 WorldStage Economic Summit

Pioneer and successful players in startup businesses have unanimously advised that success could only come in the way of upcoming entrepreneurs through passion and perseverance rather than the desire to get rich quick.

L-R Mrs. Adekunbi Ademiluyi, MD, HumanManager Limited representing Mr. John Tani Obaro, Group Managing Director, SystemSpecs Holdings, Nigeria; Mr. Tim Akano, CEO, New Horizons Nigeria; and Mr. Mayowa Oludare, Editor-in-Chief of Global Financial Digest during panel discussion at the breakout session on WES 2023 tagged The Game Changers on Thursday, November 16, 2023 at the event centre , Nigerian Exchange, Lagos.
They gave the advice on Thursday at the breakout session on the WorldStage Economic Summit 2023 held at the event centre of the Nigerian Exchange, Lagos themed “The Game Changer.”
Moderated by the Editor-in-Chief of Global Financial Digest, Mr. Mayowa Oludare, guest speakers that took turns to share their experiences and address issues that were critical factors in understanding and running startup businesses to succeed were Mr. Tim Akano, CEO, New Horizons Nigeria; and Mrs. Adekunbi Ademiluyi, Managing Director, HumanManager Limited who represented the Group Managing Director of SystemSpecs Holdings, Nigeria, Mr. John Tani Obaro.
Giving a presentation on startups as the game changer, Mr. Akano admitted that it was always tough at the beginning but that passion and perseverance would make starters to overcome any challenge that might come their way in the build-up stages.
Reliving personal experience, he said it took him over 12 months to convince Nigerians about his startup which he started about 20 years ago after resigning from lucrative jobs with Coca Cola and Dunlop.
According to Akano, it takes perseverance to overcome challenges and it’s not a bed of roses to scale various hurdles for anyone ambitious to venture into startups. But every startup entrepreneur must have it at the back of their minds that the reward for solving problems is money and therefore make problem solving their focus if they desire to make headway, he stated.
Sounding out would-be startup entrepreneurs against failure, he warned against partnering with wrong people and to cut off with negative individuals who were only good at seeing challenges but not solutions.
“Don’t make a company of negative people, particularly the learned and academic who are fond of analysis to paralysis, only rolling out problems rather than solutions,” he warned.
He also advised upcoming startups that there is nothing bad in sharing ideas with people who may not be experts to avoid discouragement by people of much knowledge.
Asked if it’s advisable to engage partners from the start, he replied that it might be difficult to build a company with just one brain.
“The fear is understandable, but there’s no straight answer to it,” he said.
He however reminded the audience that Google was a product of some students and professors and that therefore it might not be a bad idea to have partners who are like-minded from the beginning.
He advised the youth not to be dominated by fear of the risk of bringing in people to co-own startup businesses.
Speaking on the benefits of mentoring and mentorship, Akano argued that not everyone could be a mentor but real mentors were called to serve other people, with little concern for reward.
Describing how critical mentors are to the generation of upcoming entrepreneurs, he quoted a statement by Albert Eistein that ‘he sees far by standing on the shoulder of a giant’ to support his position on the significance of mentorship.
“One has to be very bold to seek help, and youths have to be disciplined, trust-worthy and have value to contribute,” he admonished.
Akano highlighted other challenges to upcoming startups as fear of the unknown, overconfidence about break-even which in most cases fail expectations, and cash flow, which according to him is about retaining cash coming in rather than just inflow of cash.
In her own presentation on ‘Journey from conception to launch, Mrs. Adekunbi Ademiluyi agreed with Akano that understanding and knowing one’s passion is key to upcoming entrepreneurs to achieving success.
“Focus on your goals even when your plan is cascading,” she counselled.
She outlined other factors for success in entrepreneurship as understanding and engaging with community; asking the right questions with ideation; challenging the status quo; listening to unmet needs and desires of the world; conceptualizing by shaping ideas into tangible, viable and scalable solution – determining solution that fits the problem; creating a value proposition; defining business model; and putting a legal structure in place.
Ademiluyi also recommended execution based on nurturing ideas, refining and bringing them to life, processing product development, building workable teams and planning resources.
“A successful launch isn’t where the story ends, going live aims at monetization, customers’ satisfaction and creating new markets,” she elaborated.
Asked how idea could be translated to reality, she recommended that a plan should be created, concerns should be shared, structure should be put in place, ideas should be shared, strategic partnership should be initiated, and knowledge of what moving from point A to B in the growth process meant and entailed must be established.
She mentioned the contributions of the government at encouraging startup businesses as instituting the Bank of Industry (BoI), Micro finance banks etc to ensure easy access to funding for financially deprived individuals that sought to go into startups.
Responding to the question about the fintech sector being dominated by technical people, she said it was because investors and venture capitalists always looked for technologists and that those that applied for their jobs were people with a background in financial technology.
To halt or curb the “japa” syndrome currently depriving Nigeria the services of her bulk of professionals, Ademiluyi submitted that it’s a global challenge that’s not limited to Nigeria alone. However, she saw an opportunity in the challenge
“In every problem there is an opportunity. It’s a global issue. There’s even domestic japa where people resign their jobs and prefer to work on their own. There are opportunities in Nigeria, we only need to adjust ourselves to curb the lure of japa,” she reasoned.
To further curb the phenomenon of ‘japa’ she called on the government at all levels to improve on infrastructures for people to be interested in the country. She equally advocated improvement of the educational system as well as the social factors.
In his opening remark, the President/CEO of WorldStage, Mr. Segun Adeleye said WES 2023 was accommodating a special breakout session tagged Startups on WorldStage with the Theme: ‘The Game Changers’ for founders, startup enthusiasts, corporates, angel investors, and media to network and chart the way forward.
He said, WorldStage, a globally focused media group with strong business/economic contents, is leveraging its capacity to engage the emerging startups and project them for global visibility.
“Data from the National Bureau of Statistics indicated that unemployment and underemployment rates increased to an all-time high of 56.1 percent in 2020, pushing 133 million Nigerians into multidimensional poverty with economic growth not inclusive as it faced key challenges of lower productivity and weak expansion of sectors with high employment elasticity,” he said.
“Getting the youths to work must be an immediate task for the government and will be driven by fixing productivity through combinations of policies that cut across some strategic sectors of the economy.
“Many startups that need to be encouraged are developing technology to solve identified problems in payment systems, insurance, agribusiness, e-commerce among others. The beauty of their emergence is that their concepts are globally acceptable, making them eligible to expand to other countries while attracting foreign exchange and creating new jobs.”
Telecom
Airtel Africa Cuts Diesel Dependence by 9.1m Litres

Airtel Africa, a telecommunications and mobile money services provider across 14 African countries, saved 9.1 million litres of diesel during its just ended 2025/2026 financial year, as part of efforts to drive responsible growth by minimising the environmental impact of its operations.

This was achieved by reducing reliance on diesel and increasing use of lower-carbon energy sources, including the conversion of 390 infrastructure sites to on-grid power during the year, thus improving efficiency and reducing emissions.
Airtel Africa CEO, Sunil Taldar highlighted this achievement during a media roundtable held in Lusaka, Zambia, where he presented the Group’s Sustainability Scorecard and progress towards building a more sustainable, inclusive and connected Africa.
Other initiatives to reduce Airtel Africa’s environmental impact during the year included promoting the circular economy, recycling 94% of total waste generated. These form part of Airtel Africa’s broader sustainability strategy, which seeks to create long-term value by balancing business growth with environmental stewardship, digital inclusion and socio-economic development.
Mr. Taldar emphasized that responsible growth remains central to Airtel Africa’s business strategy and is reflected in the company’s ability to extend services and opportunities to millions of people across the continent while advancing sustainability goals. Airtel Africa’s network now reaches 81.9% of the population across its markets, enabling greater access to connectivity, information, education and economic opportunities for individuals and communities.
The company recorded progress in its efforts to advance financial inclusion. Airtel Money now serves 54.1 million customers through a network of 2.4 million agents, making it one of Africa’s largest digital financial services ecosystems. Notably, 44.1% of Airtel Money customers are female, demonstrating the platform’s growing role in empowering women through access to secure, affordable and convenient financial services.
Beyond connectivity and financial inclusion, Airtel Africa, through its philanthropic arm, Airtel Africa Foundation continued to drive meaningful change across communities in the continent, investing US$6.2 million in priority programmes in four strategic areas namely Financial Inclusion, Education, Environmental Sustainability and Digital Inclusion.
Through its partnership with UNICEF, 3,296 schools have been connected to the free internet access, helping to bridge the digital divide and expand access to quality education reaching over 2 million learners and 38,868 teachers, while 64 zero-rated digital learning platforms enabled more than 11 million learners to access free digital educational content.
Also, during the year, more than 30,000 young people received digital skills training, while over 250 full undergraduate STEM scholarships were awarded through the Airtel Africa Tech Fellowship programme, helping to prepare the next generation of African innovators and technology leaders.
Telecom
A New Blueprint – How Strategic Collaboration is Rewriting the Narrative on Youth Drug Abuse

By Odunayo Sanya, Executive Director, MTN Foundation
Leadership, in its truest essence, is not about the titles we hold or the executive seats we occupy; it is about the responsibility we assume for the future of our communities. According to John Maxwell, a leader is one who knows the way, shows the way and goes the way. As we commemorate World Drug Day (26 June), we are collectively confronted with a sobering reality that demands that we intentionally create the conditions for Nigerian youths to thrive.

Odunayo Sanya, Executive Director, MTN Foundation
This year’s global theme reminds us that the fight against substance abuse demands a collective response because its consequences extend far beyond the individual, affecting public health, economic productivity, community wellbeing, and national development.
To understand the weight of what is at stake, we must anchor our empathy in empirical truth. The United Nations Office on Drugs and Crime (UNODC) Drug Use in Nigeria Survey (2018), still one of Nigeria’s most comprehensive national assessments of substance abuse, revealed a deeply distressing reality. Nearly 14.3 million Nigerians aged 15 to 64 had used psychoactive substances. While the survey remains an important benchmark, the passage of time since its publication underscores the urgent need for more current data to guide prevention and intervention efforts. Nonetheless, the survey revealed that one in every four drug users in Nigeria was a woman, while the highest concentration of users was found among young people. This is not just a health crisis; it is an economic crisis and a systemic threat to our nation’s future leadership.
When we look at these numbers, we must refuse to see them merely as data points on a spreadsheet. Every statistic represents a vibrant mind diminished, a family fractured and a potential corporate leader or innovator sidelined. In my journey across the corporate and development sectors, I have learned that systemic challenges cannot be solved by sporadic, emotional reactions. They require structured, intelligent, sustainable, and data-informed ecosystems of change. True change requires us to transition from passive observers to active architects of sustainable interventions.
It was this profound sense of responsibility and strategic foresight that birthed the MTN Anti-Substance Abuse Programme (ASAP) in 2019. We recognised early on that the traditional approach of criminalising substance abuse without addressing the root causes – curiosity, peer pressure, lack of information and socio-economic despair – was a flawed model. ASAP was conceptualised as a multi-sectoral behaviour-change initiative designed to contribute to the reduction of first-time substance abusers in Nigeria.
This year’s World Drug Day theme “The World Drug Problem: Persisting Issues, New Challenges, Innovative Responses” is both a reminder of the complexity of the menace confronting our nation and an urgent call to action. It is clear that only innovative responses can curb the ever-evolving tactics of illicit drug networks. Beyond traditional substances, the world is witnessing a rapid increase in the production, availability and use of synthetic drugs. The commoditisation of prescription medicines has contributed to substance abuse. The inordinate use of technology as an enabler of cybernarcotics has changed the dynamics of the game.
Let me bring this closer home with some numbers. From January 2025 to May 2026, the NDLEA seized 5,305,484.88 kilograms of illicit drugs worth N1.5 trillion through 29,262 arrests. Recently, on May 16, the NDLEA busted a meth manufacturing ring in Ogun State. The scourge is no longer a distant tale: it resides with us. So, we must rise together as stakeholders in this war against substance abuse.
Over the years, the impact recorded through the ASAP initiative is a testament to the power of public-private sector partnerships. Through strategic partnerships with the NDLEA, the UNODC, the Ministry of Education, the Ministry of Health, and various non-governmental organisations, the MTN Foundation has institutionalised the anti-substance abuse advocacy. We have taken the message directly to the frontlines – our schools, motor parks, markets, and digital spaces. By building a coalition of voices, we are demystifying the stigma surrounding addiction, turning what was once whispered in shame into open and constructive community dialogues.
Our journey this year has been marked by a powerful surge of collective action. From stakeholder conferences in Enugu, Kaduna, Kwara and Abuja, to the resonant advocacy walks in tertiary institutions across Gombe, Delta, Abuja and Lagos, the response has been nothing short of extraordinary. The scale of this support – uniting associations, students, and parents alike – is a testament to the urgency and shared commitment driving this movement.
Our interventions have yielded measurable outcomes. To date, the ASAP initiative has directly impacted over 50,433 students and 1,556 teachers across public secondary schools in 32 states and the FCT, through structured anti-substance abuse capacity building initiatives, digital advocacy, peer-to-peer training, and community town halls. By empowering young people to become ambassadors themselves, we have leveraged the power of peer influence positively. We have seen firsthand that when you give a young person the right tools, accurate information, and a sense of purpose, they will choose a path of productivity over self-destruction.
True leadership, however, refuses to rest on yesterday’s laurels; it constantly asks where the next frontier of impact lies and what it requires. It is this restless pursuit of evidence-based and sustainable solutions that culminated in a historic milestone just two months ago, when the MTN Foundation, the United Nations Office on Drugs and Crime (UNODC), and the Office of the Vice President formalised a partnership to undertake Nigeria’s first nationally representative substance abuse survey among secondary school students. At a time when the most widely referenced national substance abuse data is almost a decade old and does not adequately capture the realities of in-school adolescents, this initiative seeks to provide the evidence needed to shape more targeted interventions and policy responses. The collaboration, which drew high praise from Vice President Kashim Shettima (GCON), is a powerful validation of our commitment to Nigeria’s youth and our belief that lasting solutions are built through multi-sectoral partnerships.
As a certified change practitioner, I know that for any behavioural shift to be sustainable, the intervention must be systemic, continuous, and dynamic. This year, our World Drug Day activities have been intentionally scaled up to meet the evolving landscape of substance abuse, particularly the rise of cheaper, highly lethal synthetic mixtures. Our focus this year focuses heavily on the digital ecosystem – leveraging technology to deploy accessible mental health resources, psychosocial helplines, and interactive awareness modules – because that is where our youth live, connect, and learn.
In tandem with our digital drive, this year’s ASAP calendar features high-level policy roundtables, quiz competitions, and grassroot activations across educational institutions. We are deliberately engaging policymakers to ensure that advocacy is backed by robust institutional frameworks. It is not enough to tell our children to say no to drugs; we must build a society that offers them a resounding “yes” to viable economic opportunities, mental health support, and inclusive community spaces.
The universe, as I often like to say, rewards extraordinary effort. The crisis before us is vast, but our collective capacity to innovate and heal is even greater. We cannot afford to look away or assume that this is someone else’s problem. The teenager struggling with addiction in a remote community is tied to the collective economic stability of our communities. Their failure is a leak in our national boat; their recovery is our shared victory.
As we mark World Drug Day, my call to action is to the government, corporate Nigeria, civil society organisations, and every well-meaning citizen: let us move from intent to action by investing heavily in preventive advocacy and psychosocial support structures. Let us choose to know the way, show the way, and walk the way together toward a drug-free, prosperous Nigeria.
Remember, it is everyone’s fight!
Telecom
MTN Foundation, MUSON Deepen Investment in Nigeria’s Creative Economy Ahead of 2026 Graduation Activities

MTN Foundation and Musical Society of Nigeria (MUSON) will celebrate the 2026 MUSON School of Music graduation on July 7 and July 8 at the Shell Hall, MUSON centre, as the long-running partnership continues to strengthen Nigeria’s creative economy through sustained investment in music education and talent development.

MTN Foundation
The two-day programme will feature a graduation concert and a formal ceremony recognising students completing the Diploma in Music programme.
Beyond the graduation activities, the partnership reflects nearly two decades of investment in developing young Nigerian musicians and creating pathways into the country’s growing creative industry.
Since the partnership began in 2006, the MTN MUSON Music Scholars Programme has provided scholarships to more than 553 young Nigerians, helping create a pipeline of emerging musicians seeking formal training and industry exposure.
The initiative supports approximately 45 music scholars annually through a two-year diploma programme, providing access to structured music education and professional development opportunities.
The programme has evolved into one of Nigeria’s leading pathways for formal music training, combining performance studies, music theory and ensemble practice with practical experience designed to prepare students for careers across the wider music and creative industries.
The investment extends beyond scholarship support. Daily Trust reports that the Foundation has invested close to ₦1 billion in the MUSON partnership over the years while strengthening learning infrastructure through the establishment of a fully equipped digital music studio and additional music equipment for students.
The graduation activities are expected to spotlight the latest cohort of emerging talents entering the industry, while also reflecting the broader role of music education in supporting employment, skills development and Nigeria’s cultural influence globally.
Through sustained support for young talents and formal creative education, the MTN Foundation–MUSON collaboration continues to contribute to the development of Nigeria’s wider creative ecosystem.
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