On Tuesday, Vice-President Yemi Osinbajo has claimed that future billionaires from Nigeria will be those with knowledge in technology, computer and technical skills.
Osinbajo has stated this at the Northern Regional Finals of Student Innovation Challenge (SIC) event held at Bayero University, Kano (BUK) in Kano.
He said: “At that event, I said `In the past, Nigeria’s billionaires were traders and oil and gas moguls but in the next few years, billionaires from Nigeria will be techies’.
“Listening to the great ideas you have pitched today, I am even more convinced and have absolutely no doubt that a good number of tomorrow’s billionaires are seated here today.
“I understand that of the 600 applications received from the Northern region, 52 that made the long list were pitched to the judges today.
“I would like to commend everyone of the innovators who pitched. The journey to the fulfilment of your dreams has started and you should strive to enjoy every moment of that journey, with all its ups and downs.
“And this advice also applies to those who didn’t make the long list. Setbacks and disappointments are part of the entrepreneurship life; indeed they are part and parcel of human existence. You should never ever give up; try again, and again.
“And I should mention again that each of the winning businesses will receive an investment of one million naira.
“I am very excited by this project; excited by what it means for innovation in Nigeria; what it means for our future as a country.
“And being here with you feels like taking a front seat next to the stage onto which the next Andela, Flutterwave, Paga, Paystack, Jobberman and others are set to emerge. Interestingly many of the founders of these great businesses were educated here in Nigeria.
“You will all agree with me that the prospects are exciting; the future looks very promising. I wish you all – today’s innovators, tomorrow’s billionaires – the very best, and safe travels back to your various homes and bases.’’