Entrepreneurship Development is the key to unlock Nigeria’s potential- Habeeb Okunola

High Chief (Dr) Habeeb Olalekan Okunola MON, OFR, the Managing Director and Chief Executive Officer of TILT Group, has called upon the Nigerian government to prioritize investment in youth development and entrepreneurship mentorship programs. He emphasized the need for a business-friendly climate as a crucial catalyst for Nigeria’s progress, particularly at a time when the nation is undergoing significant reforms across key sectors. His remarks came during the convocation ceremony of the City University in Maison de l’Amérique latine, Bd Saint-Germain, Paris, France, today the 14th of February, 2025, where he was honoured with an Honorary Professional Doctorate Degree in Business Management with (specialization in Entrepreneurship & Innovation Management) (Honoris Causa).

While accepting his award from the President of City University, Dr Alaric Naude, Okunola highlighted the vital role of entrepreneurship in driving the development of Africa. He praised the government for its initiatives aimed at reforming the Nigerian economy and laying the groundwork necessary for sustainable growth. He pointed out that the nation’s future prosperity heavily relies on its youthful population, who are the leaders of tomorrow. Okunola noted that the recent increase of the so-called “Japa Syndrome,” a phenomenon where talented individuals leave Nigeria for better opportunities abroad, serves as a critical wake-up call for the government. He urged officials to create an appealing environment that enables the country’s most talented individuals to thrive, thus attracting peers who have sought opportunities abroad to return and contribute to Nigeria’s development which serves as a critical key to unlocking potentials and developing Nigeria.

He stated, “If the government can invest more in young entrepreneurs by establishing an enabling, tax-friendly environment and providing incentives, it will motivate them to launch businesses that capitalize on our population. This approach will also nurture innovative minds, leading to a more dynamic economy.”

Okunola further elaborated, “To elevate Nigeria’s economy to unprecedented heights, the government must simplify the processes involved in doing business and actively invest in our youth. This will not only enhance the nation’s image but also attract foreign direct investment, which is essential for reducing unemployment rates significantly.”

As a staunch advocate for youth empowerment, Okunola is committed to supporting government initiatives aimed at fostering entrepreneurship. He also made a clarion call on well-meaning Nigerians to contribute to the quota by supporting the government as the development of youth should not be left to the government alone. He mentioned the establishment of startup funds specifically designed to assist aspiring young entrepreneurs in overcoming the challenges of the competitive business landscape. He aims to provide mentorship and guidance that will enable them to navigate the complexities of the market successfully.

He expressed his gratitude towards the Vice Chancellor of City University for recognizing his contributions and honouring him with an honorary Doctorate. Looking ahead, Okunola pledged to continue his commitment to promoting business development and entrepreneurial ventures across Africa, and he announced plans to launch his holding company by July this year, further solidifying his dedication to fostering economic growth in the region.