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Taking The Lead in A RISING AFRICA!

Taking The Lead in A RISING AFRICA!. Becoming the solutions to the challenges tomorrow’s solutions will bring J. J. OMOJUWA. TEDxAsoRock Abuja, Nigeria. 27th May, 2013. ONCE UPON A TIME IN AFRICA. Africa was about wars…Nigeria, Angola, Burundi, DR Congo, Eritrea, Congo…

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Taking The Lead in A RISING AFRICA!

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  1. Taking The Lead in A RISING AFRICA! Becoming the solutions to the challenges tomorrow’s solutions will bring J. J. OMOJUWA. TEDxAsoRock Abuja, Nigeria. 27th May, 2013

  2. ONCE UPON A TIME IN AFRICA • Africa was about wars…Nigeria, Angola, Burundi, DR Congo, Eritrea, Congo… • Apartheid; South Africa • Famine; Malnourished children were the image of the continent • Political instability; military rule and unpopular governments were the norm • Foreign Aid and corruption • AIDS • It was dark in here

  3. Today’s africa • Unprecedented economic growth in a world where growth is a rarity • Increasing middle class • A trading continent • Representative democracies • General optimism

  4. An Urbanised continent • Africa at 40% of the population is more urbanized than India at 30% and is only just less urbanized than China at 45% • The rapid rate of urbanization and population growth has ensured that Africa has one of the fastest growing labour forces and consumer markets in the world • Consumers and opportunities are like sugar and ants, they find each other

  5. ATTRACTING NEW INVESTMENTS • The United Arab Emirates has invested $97b in Africa over the last decade…Nigeria’s Etisalat is one of those. • China’s direct investment into Africa reached $14.7b in 2011, a 60% leap on its 2009 numbers • South Africa’s Stock Exchange is the 18th largest in the world, Nigeria’s Stock Exchange is one of the world’s most profitable • The European Union has more investment in Africa than any other region, over 40% of foreign investments in Africa

  6. More positives for africa • China will age within decades! Only 28% of the Chinese population is under 20, in Africa 50% of the population is under 20. This matters to you if you are under 20. Ask me a question about your personal reality against this African reality • China will lose 10 million jobs over the next decade. Africa is poised to attract these jobs. • In 2040, there will be more young people in Sub-Saharan Africa than there will be in East Asia

  7. THE AFRICAN DIASPORA • In 2012, Africans living outside Africa sent $60b (about N10 trillion) home • A lot of them are returning and more will return with their expertize • Nigeria is experiencing a reverse-brain drain • The African Diaspora will become a socio-economic force going forward

  8. THE NEW AFRICAN CONSENSUS • Economic Liberalization and Privatization are creating more efficient and effective market systems in Africa • War and military coups are no longer the norm, democracy and representative governments have come the new continental consensus • Intra African Trade is set to grow from its current 12% due to a consensus on regional integration • Africans Investing in Africa has become an African reality. South Africa and Nigeria are running the show

  9. The world’s food basket • The world will need to feed 9 billion mouths by 2020, Africa can be its food basket • According to McKinsey and Company, Africa’s Agricultural production has the potential to reach $880billion by 2030, from $280 billion in 2008 • A sizable number of the world’s arable land is domiciled in Africa, Africa could become the world’s farm

  10. NEW SOLUTIONS, NEW CHALLENGES • Africa was built to ship its resources to the world because of colonial realities • Africa must now build to trade with Africa • African integration will be built on necessary new infrastructure; why do you think Nigeria’s AlikoDangote is either in or planning to be in 33 African countries? • Africa is doomed to build

  11. Three words that define the new africa • Opportunities • Opportunities • Opportunities

  12. WHERE IS YOUR PLACE IN THIS AFRICAN REALITY? • Your generation is the bearer of Africa’s tomorrow; you will either live with its prosperity or perish with its poverty! • Your destiny is in your hands but only just for a moment • Tomorrow’s opportunities will throw tomorrow’s challenges at you. New challenges will arise • We need thinkers, we need innovators, we need entrepreneurs

  13. A digression: money • All paychecks are limited! • Those who live on paychecks will be limited by the limits of their pay • Africa does not need men and women who depend on paychecks, we need those who pay paychecks • Those who waste time today will be wasted by poverty tomorrow • Time will be scarcer than ever and you must invest the time you have today

  14. MONEY • Money is one of the many reactions that arise from an action process called value creation • Your worth is the sum of the value you can create • Corruption will not produce tomorrow’s millionaires, technology will not allow that. Think above corruption • Tomorrow’s wealth is on the next slide

  15. Benchmark yourself against the world • If you benchmark yourself against a country you will be limited, if you benchmark yourself against Africa you will be better off but if you benchmark yourself against the world you will be unlimited • You are global citizens. Start living on this reality • Africa’s opportunities are your challenges. Those who meet these challenges amongst you will be the leaders

  16. TO DO LIST • Seek Knowledge. Where ever she is, find her! Knowledge is the road to your destiny • To know is never enough. Understand your realities. Always seek to understand. • Be wise. Wisdom is better than weapons of war (Ecclesiastes 9:18) • Information is not knowledge. Knowledge is not Understanding. Understanding is not Wisdom!

  17. I HAVE ARRIVED! • The above disaster must never be your reality. The day you think you have arrived is the day you begin to die or the day you are dead. • Your generation is a blessed generation. You are not limited by the walls of classrooms. You can know more than your teachers • How you spend your time on the internet will determine how much of tomorrow’s prosperity (or poverty) you attract • You may be young but you are never too young to dream big

  18. Some of tomorrow’s opportunities • Renewable Energy • Agriculture • Entertainment • Construction • Media – Digital and Old forms • Thinkers • Fashion • Futurists

  19. Real JOBS ARE OLD JOBS • As long as you are not limited by your thoughts, you will be earning lots of income and influence from "unreal" jobs

  20. AFRICA WILL BE RICH BUT… • I cannot guarantee your wealth in a wealthy Africa but I can guarantee your wealth if you observe to do according to what I have in the next slide

  21. Start! • Start solving problems today. Start thinking for your communities. Start taking responsibility • Know and understand that Africa’s future depends on you. If you refuse this responsibility someone else will take it • Those who take responsibility today will be the leaders of tomorrow and that tomorrow started yesterday • Start living your dreams already…just start something…you will have detractors but ONLY you can stop you

  22. THE BEGINNING… • There are no endings…only new beginnings THANK YOU @omojuwa

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