Book contents
- Soro Soke
- Soro Soke
- Copyright page
- Contents
- Figures and Illustrations
- About the Nine Dots Prize
- 1 The Soro Soke Generation
- 2 The New York of Nigeria
- Speaking Out: Chekwube Okonkwo on Expressing African Identity
- 3 Cultural Capital
- Speaking Out: Osinachi on Art and Nigerian Identity
- Speaking Out: Priscilla Eke on Feminism
- 4 Challenging Norms
- Speaking Out: Uyaiedu Ipke-Etim on Facing Homophobia
- Speaking Out: Michael Elégbèdé on the Diaspora
- 5 Japá
- Speaking Out: Davies Okeowo on Entrepreneurship
- 6 Entrepreneurs with a Mission
- 7 The New Oil
- Speaking Out: Rinu Oduala on the #endSARS Protests
- 8 The Hashtag Generation
- Speaking Out: Princess Obiajulu Ugwu on Standing for Election
- Speaking Out: Fortunes Oronkwo on the Monetisation of Politics
- 9 Contesting for Power
- 10 We’re in This Together
- Acknowledgements
- Notes
6 - Entrepreneurs with a Mission
Published online by Cambridge University Press: 23 May 2022
- Soro Soke
- Soro Soke
- Copyright page
- Contents
- Figures and Illustrations
- About the Nine Dots Prize
- 1 The Soro Soke Generation
- 2 The New York of Nigeria
- Speaking Out: Chekwube Okonkwo on Expressing African Identity
- 3 Cultural Capital
- Speaking Out: Osinachi on Art and Nigerian Identity
- Speaking Out: Priscilla Eke on Feminism
- 4 Challenging Norms
- Speaking Out: Uyaiedu Ipke-Etim on Facing Homophobia
- Speaking Out: Michael Elégbèdé on the Diaspora
- 5 Japá
- Speaking Out: Davies Okeowo on Entrepreneurship
- 6 Entrepreneurs with a Mission
- 7 The New Oil
- Speaking Out: Rinu Oduala on the #endSARS Protests
- 8 The Hashtag Generation
- Speaking Out: Princess Obiajulu Ugwu on Standing for Election
- Speaking Out: Fortunes Oronkwo on the Monetisation of Politics
- 9 Contesting for Power
- 10 We’re in This Together
- Acknowledgements
- Notes
Summary
Nigeria ranks first in the world in youthful entrepreneurship, with 40 per cent of young Nigerians engaged in early-stage entrepreneurial activity. With jobs scarce and often badly paid, a business on the side helps make ends meet. But it’s also a cultural attitude: entrepreneurial nous flows through this generation’s veins. New businesses tend to be focused on local and pan-African consumers and entrepreneurship is fuelled by social media. Instagram, WhatsApp and Facebook are used as tools to sell physical products and services. Social enterprises are growing, too, as acting with humanity becomes an important consideration for many young entrepreneurs across the continent. The typical Soro Soke generation entrepreneur is a creative disruptor, using their business to deliver solutions to the larger problems the continent faces. But being an entrepreneur on the continent still poses significant challenges. Nigeria has the highest volume of start-ups on the African continent, over 750, but misses out on all the top 10 rankings for categories that are critical to helping a business thrive.
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- Chapter
- Information
- Soro SokeThe Young Disruptors of an African Megacity, pp. 77 - 86Publisher: Cambridge University PressPrint publication year: 2022
- Creative Commons
- This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC-ND 4.0 https://creativecommons.org/cclicenses/