Want independence?🇳🇬 Wait until you're older.🤷🏾♂️
Hello Venturer,
Happy Independence Day, Nigeria!
Some Nigerians love the sound of that, others do not. We know why, but we'll address that some other time.
Ever wondered what young people go through to gain independence? Not from colonial masters, but from their parents.?
Nigeria has a large young population, but many of them can't pull their weight. One out of every three Nigerians is currently unemployed. Youth unemployment is at a staggering 53 per cent, nearly five times as bad as it was in 2014 (11.7 per cent).
However, Nigerian youths are resilient and won't stop until they find answers. This week, we tell a story about these resilient Nigerians as they try to make money and live life on their terms.
Oluwatosin Ogunjuyigbe
Staff Writer, Ventures Africa
The struggle for financial independence among Nigerian Youths
Gaining financial independence from parents is a dream for the average young adult. According to a survey by Ventures Africa, 88 percent of youths aged between 18 to 30 believe the ability to pull their weight will make them feel more like adults. However, only 37 per cent of them can maintain their current lifestyle without parental support. Read more on how Nigerian youths are battling their way out of financial depression.
Creating wealth through the e-Naira
In 1995, Neal Stephenson published a science-fiction titled “The Great Simoleon Caper”. In this work, references are made to a cryptographic e-money consisting of “numbers moving around on wires”. Twenty-six years later, that nerdy fantasy. Read more on how the e-naira, Nigeria's anticipated digital currency, can help Nigerians create wealth.
Adesuwa Ifedi discusses the impact of Agritech innovations and youth engagement In Africa's agriculture
With nearly 80 per cent of Africans under the age of 35, Africa has the youngest population in the world and its youth population will more than double by 2055. Agriculture could offer several opportunities, but the rate of youth participation in the sector is poor. Learn more.
There are no holds barred in big tobacco's fight for Africa
Several shocking new reports, released by tobacco industry watchdog STOP and covering whistleblower accounts and leaked industry documents, have laid out the latest damning evidence of the tobacco industry’s relentless campaign of dirty dealings in Africa. Tobacco giant British American Tobacco apparently ran a mass surveillance operation to spy on its rivals, as well as doling out hundreds of thousands of dollars in questionable payments. Learn more.
Umoja: An animated mini-series to tackle misinformation about Covid-19
Austin Osas, CEO of Guereza Animation, explained that in Africa, where more than 90 per cent of the population is still unvaccinated, and many people remain unaware of the effects of COVID-19, informative, pandemic-focused content for children is needed for them to educate their parents and peers. Read more
Releaf: The agritech startup industrialising oil palm processing in Africa
“Our goal is to develop technology that will bring this sector into the twenty-first century and deploy it as close to the farmers as possible. It will not be a large factory in Lagos or Ibadan, but a factory in local and rural areas with high agricultural productivity. That is where the factories should be so that farmers can concentrate on production and factories can concentrate on processing.” Read more.
#VANUGGET
Remember to stay safe!
