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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

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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Nigerian Capital Market Posts Strong 2025, Faces 2026 Uncertainties

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By Omoniyi David

The Nigerian capital market recorded one of its strongest performances in 2025, earning global recognition after delivering exceptional returns and attracting increased investor interest.

As attention shifts to 2026, analysts are assessing whether the rally can be sustained amid political and policy uncertainties.

The market closed 2025 with an average equities return of 51.19 per cent, placing Nigeria among the world’s top five performing stock markets.

The Nigerian Exchange All Share Index posted a net capital gain of N32.13 trillion, outperforming several major economies where average returns remained below 25 per cent.

Capital raising activities rose to about N7 trillion, reinforcing the market’s role as a key funding source for government and corporate expansion.

Trading volumes also hit record levels, supported by strong activity in both the primary and secondary markets.

The debt market remained resilient, with companies increasingly relying on capital market instruments amid high interest rates. Commercial paper issuances alone reached nearly N1 trillion, largely driven by private firms.

The positive momentum has extended into 2026, with equities valuation approaching N100 trillion despite early year spending pressures. Analysts, however, caution that the year presents a mix of opportunities and risks.

As a pre election year, 2026 will see heightened political activity alongside the first full implementation of new capital market and tax laws. While the reforms are expected to strengthen regulation, analysts warn that policy interpretation and execution could influence investor sentiment, especially foreign portfolio flows.

Market watchers are also focusing on banking and insurance sector recapitalisation, which is expected to drive equity issuances, mergers and acquisitions in the first half of the year.

Analysts say sustained policy stability and effective implementation will be critical in determining whether the market extends its rally or enters a period of adjustment.

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Business

Adeyanju Restates Commitment to People-Focused HR Solutions, Social Impact

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By Oso Abidemi 

Rimini Abarshi Adeyanju, Founder and Chief Executive Officer of Mini Option Consulting Ltd, has reaffirmed her commitment to people-centred business solutions, leadership development, and community impact.

Adeyanju, a business professional and human resources consultant, said Mini Option Consulting is driven by the belief that people are the foundation of every successful organisation.

The firm provides recruitment, outsourcing, and workforce solutions aimed at helping businesses grow sustainably through integrity, professionalism, passion, teamwork, and continuous development.

Beyond her professional work, Adeyanju highlighted her humanitarian efforts, revealing that she has run a food-sharing initiative for the past four years to improve access to affordable food and support vulnerable members of society.

She described the initiative as a journey rooted in consistency, community, and giving back.

She also expressed passion for lifelong learning, leadership, and creating meaningful impact both in business and everyday life, noting that her platform will focus on HR insights, entrepreneurship, career growth, and community initiatives.

Adeyanju said she looks forward to connecting and collaborating with like-minded individuals and organisations, describing her space as one where purpose, people, and professionalism meet.

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