The CEO of Innovation Corner, Tochukwu Egesi has revealed that the addressable market for technology startups in Nigeria is 36,000,000 people.
He made this known during the recently hosted IFC Exchange Summit. The IFC Exchange Summit convenes game changers in infrastructure, natural resources, science, and the arts to challenge assumptions and build a pipeline of sustainable investments across Africa and the globe.
Alongside other government and industry leaders, Tochukwu Egesi, CEO Innovation Corner, discussed the topic “Investing In a Youth Driven Future.”
During his presentation, Tochukwu stated that the future image of Africa is a technology-enabled society driven by access to public services through digital means. He made clear that this approach will improve the public’s adoption of technology services which will, in turn, increase the addressable market size of Nigerian tech startups from the current 36 million out of the 205 million population.
Tochukwu explained that increasing pathways to public adoption of technology— as part of the government’s role of creating an enabling environment— will expand the addressable market available to startups in Africa. This will then increase their revenue and access to investment which will improve their employment capacity and ultimately affect the economic indicators in the region positively.
Tochukwu tipped the audience of the work that Innovation Corner is doing with the International Finance Corporation that will be launched in August targeted at improving the relationship between natural resource companies and host companies.
Other prominent Nigerian young leaders at the summit include Efedayo Oguegbu from The Paper Packaging Company, Ujunwa Ojemini (Finalist IFC Innovation Idea Contest), Ifedayo Durosinmi – Etti of The AGS tribe, Olumide Johnson from Venture Platform, Oluwatobi Aigbogun from Social Good Lagos and HE Babajide Sanwolu, Governor of Lagos State.
“The IFC Exchange Summit is an opportunity for organizations to discuss common challenges as well as tested solutions and commit to TAKE ACTION to create a better society,” says Tochukwu Egesi.
About Innovation Corner
Innovation Corner is a social innovation center in Nigeria is a pan-African social innovation center focused on using technology to solve social problems and supporting entrepreneurs through entrepreneurship programs and her network. Two technology-driven products have been launched via the internal innovation team, these products are, Blueform and Rem Health.
