TAKING THE LEAD IN A RISING AFRICA! Becoming the solutions to the challenges tomorrow’s solutions...
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Transcript of TAKING THE LEAD IN A RISING AFRICA! Becoming the solutions to the challenges tomorrow’s solutions...
TAKING THE LEAD IN A RISING AFRICA!
Becoming the solutions to the challenges tomorrow’s solutions will bring
J. J. OMOJUWA.
TEDxAsoRock Abuja, Nigeria. 27th May, 2013
ONCE UPON A TIME IN AFRICA
Africa was about wars…Nigeria, Angola, Burundi, DR Congo, Eritrea,
Congo…
Apartheid; South Africa
Famine; Malnourished children were the image of the continent
Political instability; military rule and unpopular governments were
the norm
Foreign Aid and corruption
AIDS
It was dark in here
TODAY’S AFRICA
Unprecedented economic growth in a world where
growth is a rarity
Increasing middle class
A trading continent
Representative democracies
General optimism
AN URBANISED CONTINENT
Africa at 40% of the population is more urbanized than India
at 30% and is only just less urbanized than China at 45%
The rapid rate of urbanization and population growth has
ensured that Africa has one of the fastest growing labour
forces and consumer markets in the world
Consumers and opportunities are like sugar and ants, they
find each other
ATTRACTING NEW INVESTMENTS
The United Arab Emirates has invested $97b in Africa over the
last decade…Nigeria’s Etisalat is one of those.
China’s direct investment into Africa reached $14.7b in 2011,
a 60% leap on its 2009 numbers
South Africa’s Stock Exchange is the 18th largest in the world,
Nigeria’s Stock Exchange is one of the world’s most profitable
The European Union has more investment in Africa than any
other region, over 40% of foreign investments in Africa
MORE POSITIVES FOR AFRICA
China will age within decades! Only 28% of the Chinese
population is under 20, in Africa 50% of the population is
under 20. This matters to you if you are under 20. Ask me a
question about your personal reality against this African
reality
China will lose 10 million jobs over the next decade.
Africa is poised to attract these jobs.
In 2040, there will be more young people in Sub-Saharan
Africa than there will be in East Asia
THE AFRICAN DIASPORA
In 2012, Africans living outside Africa sent $60b
(about N10 trillion) home
A lot of them are returning and more will return
with their expertize
Nigeria is experiencing a reverse-brain drain
The African Diaspora will become a socio-economic
force going forward
THE NEW AFRICAN CONSENSUS
Economic Liberalization and Privatization are creating more
efficient and effective market systems in Africa
War and military coups are no longer the norm, democracy and
representative governments have come the new continental
consensus
Intra African Trade is set to grow from its current 12% due to a
consensus on regional integration
Africans Investing in Africa has become an African reality. South
Africa and Nigeria are running the show
THE WORLD’S FOOD BASKET
The world will need to feed 9 billion mouths by 2020,
Africa can be its food basket
According to McKinsey and Company, Africa’s
Agricultural production has the potential to reach
$880billion by 2030, from $280 billion in 2008
A sizable number of the world’s arable land is domiciled
in Africa, Africa could become the world’s farm
NEW SOLUTIONS, NEW CHALLENGES
Africa was built to ship its resources to the world
because of colonial realities
Africa must now build to trade with Africa
African integration will be built on necessary new
infrastructure; why do you think Nigeria’s Aliko Dangote
is either in or planning to be in 33 African countries?
Africa is doomed to build
T H R E E W O R D S T H AT D E F I N E T H E N E W A F R I C A
Opportunities
Opportunities
Opportunities
W H E R E I S Y O U R P L A C E I N T H I S A F R I C A N R E A L I T Y ?
Your generation is the bearer of Africa’s tomorrow;
you will either live with its prosperity or perish with
its poverty!
Your destiny is in your hands but only just for a
moment
Tomorrow’s opportunities will throw tomorrow’s
challenges at you. New challenges will arise
We need thinkers, we need innovators, we need
entrepreneurs
A DIGRESSION: MONEY
All paychecks are limited!
Those who live on paychecks will be limited by the limits of their
pay
Africa does not need men and women who depend on paychecks,
we need those who pay paychecks
Those who waste time today will be wasted by poverty tomorrow
Time will be scarcer than ever and you must invest the time you
have today
MONEY
Money is one of the many reactions that arise from
an action process called value creation
Your worth is the sum of the value you can create
Corruption will not produce tomorrow’s
millionaires, technology will not allow that. Think
above corruption
Tomorrow’s wealth is on the next slide
B E N C H M A R K Y O U R S E L F A G A I N S T T H E W O R L D
If you benchmark yourself against a country you
will be limited, if you benchmark yourself against
Africa you will be better off but if you benchmark
yourself against the world you will be unlimited
You are global citizens. Start living on this reality
Africa’s opportunities are your challenges. Those
who meet these challenges amongst you will be the
leaders
TO DO LIST
Seek Knowledge. Where ever she is, find her! Knowledge
is the road to your destiny
To know is never enough. Understand your realities.
Always seek to understand.
Be wise. Wisdom is better than weapons of war
(Ecclesiastes 9:18)
Information is not knowledge. Knowledge is not
Understanding. Understanding is not Wisdom!
I HAVE ARRIVED!
The above disaster must never be your reality. The day you
think you have arrived is the day you begin to die or the day you
are dead.
Your generation is a blessed generation. You are not limited by
the walls of classrooms. You can know more than your teachers
How you spend your time on the internet will determine how
much of tomorrow’s prosperity (or poverty) you attract
You may be young but you are never too young to dream big
SOME OF TOMORROW ’S OPPORTUNITIES
Renewable Energy
Agriculture
Entertainment
Construction
Media – Digital and Old forms
Thinkers
Fashion
Futurists
REAL JOBS ARE OLD JOBS
As long as you are not limited by your thoughts,
you will be earning lots of income and influence from
"unreal" jobs
AFRICA WILL BE RICH BUT…
I cannot guarantee your wealth in a wealthy Africa
but I can guarantee your wealth if you observe to do
according to what I have in the next slide
START!
Start solving problems today. Start thinking for your
communities. Start taking responsibility
Know and understand that Africa’s future depends on you. If
you refuse this responsibility someone else will take it
Those who take responsibility today will be the leaders of
tomorrow and that tomorrow started yesterday
Start living your dreams already…just start something…you
will have detractors but ONLY you can stop you
THE BEGINNING…
There are no endings…only new beginnings
THANK YOU
@omojuwa