Accelerating Wealth and Job Creation in Nigeria through ICT Skills and Capacity Development

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Mr. Austin Okere,

Founder and Executive Vice-Chairman, CWG Plc

Friday, January 22, 2016

Accelerating Wealth and Job Creation in Nigeria through ICT Skills and Capacity Development

Talking Points

The job problem

ICT and jobs

Creating jobs with ICT

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The jobs problem

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The jobs problem

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0 100 200 300 400 500 600 700

USA

India

ICT Contribution to Job creation and GDP in countries around the world

Legend Contribution to GDP in % Jobs created in 10,000

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0 2 4 6 8 10 12 14

2012-2014

2016-2020

Source: NITDA

Contribution to GDP(%)

Jobs creation(millions)

ICT Jobs Creation In Nigeria

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Jobs Inside ICT Enterprises

Content Marketers

Software Developers

Call centreOperators

Support services

Implementation

Manufacturing Business Management

Invest in ICT Entrepreneurs

Provide funding options

for new ICT enterprises

Fund ICT incubation

hubs to nurture new

ideas

Give special intervention

aids to existing ICT firms

for R&D and inventions9

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Creating The Jobs in ICT

Businesses

Invest in ICT Entrepreneurs

High Mortality rate. 90%

or more of startups fail.

ICT startups tend to be

small in size ~ 10-20

employees

Scaling those that

survive quickly require

considerable capital e.g.

Uber 10

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Creating The Jobs in ICT

Businesses

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Jobs In ICT enabled

Businesses

Operations Personnel

Management staff

Sales Personnel

Service personnel

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The Virtuous Jobs Circle

IT Enabled Business

ICT Business

ServicePersonnel

Invest in ICT to Enable Existing Businesses

Promote ICT for growth in

micro, small and medium

enterprises – microfinance,

retail, agriculture, health, light

manufacturing, transport

Empower MSME’s with ICT

solutions developed by ICT

enterprises.

Build out the support

ecosystem with franchisee

network 13

2

Creating Jobs In ICT enabled

Businesses

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34,600,000Number of SMEs in

Nigeria (2014)

If each one adds 1 staff

because ICT has made

business grow 34,600,000 Jobs

Creating Jobs In ICT enabled

Businesses

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34,600,000Number of SMEs in

Nigeria (2014)

There is a need for 1

support personnel per

100

340,600 Jobs

Creating Jobs In ICT enabled

Businesses

Build The Employable Skill Base

Equip the universities and

tertiary institutions to produce

basic ICT skills – for instance

re-activate NgRen

Sponsor training of ICT

entrepreneurs to be able to

support MSME ICT usage

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3

CWG as a Case Study

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Mr. Austin Okere, Founder and Executive Vice-Chairman, CWG Plc

speaking on the role of Science, Technology, Engineering and Math

(STEM) at the World Economic Forum Conference in Dalian, China

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Mr. Austin Okere, Founder and Executive Vice-Chairman, CWG Plc

rigging the closing gong to signify close of transactions on the floor of the

Nigerian Stock Exchange (NSE)

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Former Executive Vice-Chairman, Nigeria Communications Commission

(NCC), Mr. Ernest Ndukwe commissioning the CWG Tier 3 Data Centre in

Lagos

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The commissioning of the MTN Xaas platform. A solution that powers

the MTN Diamond Yello Account

CWG Academy

CWG/MTNXaaS

CWG OpenMall

CWG SMERP

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The virtuous jobs circle with CWG

IT Enabled Business

(34 million MSME jobs)

ICT Business

Service Franchisees (340000)

In Summary

More jobs will be created if we enable our

MSMEs to grow through use of ICT

We need to direct some of the MSME funds and

venture capital funds to fund MSME acquisition

of sustainable ICT

We need to enable our tertiary schools produce

ICT job ready graduates

We need to partner with companies like CWG.

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