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Young Nigerian Entrepreneurs Are Rewriting Their Path to Success: From School Dropout to Employer

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By Emmanuel Ogbodo

In Nigeria, where formal education is often viewed as the only path to success, a new wave of school dropouts are challenging that notion. Across the country, young Nigerians are proving that, with determination and hard work, they can build thriving businesses without a degree.

For many, leaving school wasn’t a choice but a necessity due to financial hardships or family responsibilities. Despite these obstacles, they’ve established businesses that not only sustain them but also provide jobs for others, fueling local economies and inspiring their communities.

High Dropout Rates in Nigeria

Nigeria has one of Africa’s highest school dropout rates. According to UNICEF, around 10.5 million Nigerian children are out of school, primarily at the primary level, with dropout rates spiking in secondary school.

Economic difficulties are a major factor—many families struggle to afford tuition, books, and uniforms, forcing children to leave school to support their households.

Rural areas are particularly affected, where limited access to educational resources and cultural pressures, especially for girls, contribute to high dropout rates.

The education system itself compounds these challenges. Schools are often overcrowded, underfunded, and lack basic facilities, while frequent strikes in higher education make timely graduation nearly impossible.

Many young Nigerians are thus compelled to abandon their studies and seek low-paying jobs to help their families.

Breaking Through Stigma

Dropping out of school often carries stigma in Nigeria, where society may view those without a degree as less capable. The job market favors academic qualifications, making it difficult for dropouts to secure formal employment. But for some, leaving school has opened doors to entrepreneurship, allowing them to redefine success.

Through hands-on skills and hard work, they’re creating new paths and showing younger generations that education, while valuable, is not the only route to a stable future.

From Dropout to Entrepreneur

During a recent visit to Dutse Market, I met several artisans who had transformed their lives through entrepreneurship.

These included Bassey, a mechanic, and Ejim, a furniture maker—both former students who left school due to financial constraints.

Bassey, now a well-regarded mechanic, initially dreamed of becoming an electrical engineer. “I wanted to study engineering at UNIJOS, and I got in,” he shared, “but as the eldest of seven, finances were tight. My father was a retired policeman, and my mother was a small trader. After my first year, fees became unaffordable, and I had to drop out.”

Despite the setback, Bassey took up an apprenticeship in car and tricycle repair. Five years later, he owns his workshop and employs four apprentices, passing his skills on to the next generation.

Similarly, Ejim, a successful furniture maker, turned his part-time holiday work into a career when he could no longer afford school.

“Carpentry was something I learned from my father as a teenager,” he explained. “When school didn’t work out, I decided to make a living with my hands. Now, I have twelve employees—carpenters, drivers, distributors, artists, and marketers—all helping to expand the business I built from the ground up.”

Entrepreneurship as a Path to Economic Growth

Entrepreneurship among school dropouts is proving vital for Nigeria’s economy. Small businesses stimulate innovation, meet community needs, and create jobs in areas where formal employment is scarce.

Entrepreneurs like Bassey and Ejim not only sustain themselves but also empower their communities by creating local employment and promoting financial independence.

This grassroots economic activity is critical for poverty reduction and financial stability.

In a challenging economy, these entrepreneurs demonstrate that resilience, problem-solving, and adaptability are as essential as formal qualifications.

They’ve honed practical skills that allow them to meet market demands and thrive in an unpredictable environment. Their success stories highlight the importance of skill-building and show others that, with creativity and hard work, they can overcome obstacles.

Turning Challenges into Opportunities

In Nigeria, where poverty and unemployment remain pressing issues, entrepreneurship offers an alternative way forward. For those unable to afford formal education, starting a business provides a means to control their own futures.

Through stories like Bassey’s and Ejim’s, it’s clear that success is achievable without a degree—what matters is grit, vision, and the ability to turn setbacks into stepping stones.

The journeys of these Nigerian entrepreneurs remind us that education, while invaluable, is just one part of the equation.

Through resilience, skills, and ambition, they’ve built fulfilling careers and left positive marks on their communities. Their stories are a testament to the power of entrepreneurship as a force for personal and economic growth, proving that everyone has the potential to rise above life’s challenges, regardless of educational background.

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Business

Air Peace Partners Opay to Enhance Payment Flexibility for Customers

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By Adenike Lawal

Air Peace, West Africa’s largest airline, has announced a strategic partnership with Opay Payment Services, integrating its platform into the airline’s Internet Booking Engine (IBE).

This collaboration introduces multiple payment options, including Bank Card, Opay Wallet, Bank Transfer, and USSD, aimed at enhancing transaction security and convenience for customers booking flights.

Dr. Ejike Ndiulo, Head of Corporate Communications at Air Peace, highlighted the airline’s commitment to meeting evolving customer needs through innovative solutions.

He stated that the integration of Opay’s services aligns with the airline’s vision to offer secure and flexible payment methods within a user-friendly interface, enhancing the overall travel experience.

This initiative is the latest in a series of customer-focused innovations by Air Peace.

In October 2022, the airline partnered with Kalabash to launch the Pay-Small-Small scheme, allowing customers to pay for tickets in installments.

Additionally, the airline collaborated with AIICO Insurance to provide travel insurance, underscoring its dedication to passenger safety and convenience.

Founded in 2013, Air Peace has consistently positioned itself as a leader in service innovation within the aviation sector.

The airline continues to expand its domestic and international routes while leveraging technology to simplify travel for passengers.

With a commitment to connecting regions and delivering world-class service, Air Peace remains at the forefront of enhancing the travel experience for its customers across Africa and beyond.

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Business

Access Holdings Finalizes Acquisition of Standard Chartered’s Assets in Angola, Sierra Leone

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By Adenike Lawal

Access Holdings has completed the acquisition of Standard Chartered Bank’s operations in Angola, marking a pivotal step in its strategic expansion across Africa.

The acquisition, facilitated by Access Bank’s commercial banking division, was first announced four months ago and has now been finalized.

Beyond Angola, Access Holdings is set to finalize deals involving Standard Chartered’s subsidiaries in Sierra Leone, Gambia, and Cameroon, alongside its consumer and private banking operations in Tanzania.

These acquisitions are poised to bolster Access Bank’s earnings by expanding its corporate and SME banking footprint in these key markets, according to CEO Roosevelt Ogbonna.

“This move is in line with our ambition to become the ‘World’s Most Respected African Bank,’” Ogbonna stated.

He highlighted the strategic importance of Angola, the largest oil producer in the region, noting that the acquisition positions Access Holdings for stronger market dominance in high-growth sectors.

Standard Chartered’s divestiture aligns with its global strategy to streamline operations and focus on wealth management.

The bank is also considering selling its wealth and retail banking divisions in Zambia, Botswana, and Uganda, with plans to reinvest in other business areas.

In a related development, Access Bank has announced plans to issue its first dollar bond in two tranches next year, further strengthening its financial standing for future expansions.

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Business

Niger State to Develop 250,000 Hectares of Sugarcane Fields in $2.5 Billion Deal

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Niger State is poised to revolutionize Nigeria’s sugar industry with the development of 250,000 hectares of sugarcane fields and six sugar/ethanol plants in partnership with Uttam Sucrotech, a consortium of Brazilian and Indian sugar value chain experts.

The ambitious project, set to unfold over the next three years, was formalized during the G20 Summit in Rio de Janeiro, Brazil.

Governor Mohammed Umar Bago’s administration is leveraging President Bola Ahmed Tinubu’s declared food security emergency to address Nigeria’s sugar deficit, which currently meets only 3% of national demand.

The project, spearheaded by Niger Foods in collaboration with the Nigeria Sugar Development Council, aims to produce 2.5 million metric tonnes of sugar, 250 million liters of ethanol, and generate 300 megawatts of electricity annually.

Special Adviser on Digital Media, Abdullberqy Usman Ebbo, described the initiative as a game-changer for food security, rural industrialization, and economic growth.

The project is expected to create 100,000 direct jobs, 250,000 indirect jobs, and involve 750,000 out-grower participants.

Governor Bago expressed gratitude to President Tinubu for his commitment to Nigeria’s socio-economic development.

The governor also highlighted the strategic role of the newly flagged Sokoto-Lagos Super Highway, which will unlock 90,000 hectares of arable land for sugar cultivation.

The Minister of Agriculture and Food Security commended Niger State for its innovative approach, noting that the project integrates large-scale mechanized farming with research and innovation, promising a boost to livestock and soybean production for export earnings.

Niger State’s bold move aims to restore Nigeria’s sugar industry to its former glory, competing with global giants like Brazil and India.

As Niger Foods takes on this transformative journey, the stage is set for a new era in Nigeria’s agricultural and economic landscape.

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