By Chinwendu Obienyi
Endeavor Nigeria, a non-profit organisation, has said the support of entrepreneurship in various sectors can be used a tool to tackle the rising inflation in Nigeria.
The Managing Director/Chief Executive Officer of Endeavor Nigeria, Ms Tosin Faniro-Dada, stated this at a media briefing held in Lagos recently.
Faniro-Dada, noted that Africa has always been a risky market and inflation has always been on a rise for the past few years, adding that even in all of that, entrepreneurs have risen to the challenge.
She noted that entrepreneurs in key African countries, Nigeria being one of them have been soaring.
“Yes inflation is increasing but the products and services and the platforms that entrepreneurs are building for us is what would help us make things cheaper, it is what will help us create jobs so that people can afford things, it will help consumer spending.
So, I think entrepreneurship is the answer to some of our problems in the economy. If we support entrepreneurs across different sectors, especially the tech enabled entrepreneurs, then they can be able to help us with solutions to bring down some of these costs. It will us with platforms to create jobs so that we can afford food, transport, e-commerce, logistics and healthcare”, Faniro-Dada said.
Whilst announcing the appointment of Mrs Tokunboh Ishmael, Managing Director and Co-Founder of Alitheia Capital, to its Board of Directors, Faniro-Dada revealed that Endeavor Nigeria is planning to hold a catalysing conversation at the Federal Palace Hotel, on Sept. 22, with over 250 business leaders in Nigeria, entrepreneurs and top government officials in attendance.
She said the catalysing conversation, which would be the fourth in the series, was the organisation’s annual scale up entrepreneurship summit. According to her, the hybrid event will have, “Building Big Bubbles: Investing in the Next Generation of Entrepreneurs,” as its theme.
She described ‘big bubbles’ are successful entrepreneurs who invested their time and resources including capital in the next generation of entrepreneurs.
The Endeavour boss thereafter said the conversations would focus on themes of innovation, high-growth company dynamics, high-impact entrepreneurship, the journey from startup to unicorn, financial freedom, and the transformational power of technology.