“Free money has no value”, takeaways from Millennial Hangout on tech

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Millennials form the largest pool of talent that are currently powering Nigeria and the world’s tech ecosystems. In fact, as at 2015 they became the world’s largest generation workforce, according to a Gallop report. They are expected to account for 75 per cent of total workforce in the near future. On the customer side, millennials’ expectations are reshaping the discussion around product design and experience.

Neil Howe and William Strauss, authors of the 1991 book Generations: The History of America’s Future, 1584 to 2069, define the millennial generation as consisting of individuals born between 1982 and 2004.

Due to their high talent quotient and big appetite for innovative products, millennials are forcing many companies, particularly those leveraging technology to serve their customers, to adapt workplace culture to accommodate the progressive, tech-driven approach of millennials. It has become the new normal in the tech industry to recreate systems and in doing that; many companies are struggling to know where to apply the brakes and how to manage the insatiable expectations of this generation.

On Friday, 31 May, experts and professionals across companies leveraging technology to reinvent their services came together to address the challenges businesses face. The Millennial Hangout which is a quarterly event organised by BusinessDay with the goal of creating a platform for millennials and businesses to interact, was hosting the first tech edition in collaboration with Luno, Cordros Asset Management and Lasena.

The experts include Chinedu Obidiegwu, marketing and community lead at Luno, Morenike Da-Silva, managing director, Cordros Asset Management, Olawunmi Onawunmi, Andela’s director, Partner Engineering, Uchechi Nwaukwa, chief of technology, Signal Alliance, and Nana Annah, CEO Nester Solution Service. Some of the takeaways from the session include:

Andela provides equal opportunity

Olawunmi Onawunmi a non-software developer and whose …

Millennial Hangout takes on the business side of Nigeria’s tech ecosystem

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The Millennial Hangout, a quarterly event by BusinessDay Media that brings together young people between the ages of 23 and 38 (1981 and 1996) is focusing on creating sustainable businesses in Nigeria’s evolving tech ecosystem, on Friday, 31 May, 2019.

The which event will take place at Andela Nigeria headquarter known as the Epic Tower is the first edition focusing primarily on the tech ecosystem in Nigeria.

Despite the few notable strides accomplished by tech startups in a relatively short time, particularly in attracting foreign investment, a report from Small Business Association (SBA), has found that more than half of new businesses fail during the first year. The report suggests that it takes more than raising funds to run a successful business that scale.

The Nigerian tech scene has had a fair share of new startups that began with promise and failed before their first birthday. Notwithstanding hundreds of millennials see a lot of prospect in the ecosystem.

“Building the tech ecosystem in Nigeria is something we are passionate about and we believe it is important to have the young ones thinking of pursuing a career prospect or becoming entrepreneurs listen to the stories of people that has some experience in building tech businesses,” says Frank Aigbogun, Publisher of BusinessDay Media Limited.

The tech edition will be partnering with Luno and Cordros Asset Management and will feature speakers from Verraki, Kelvin Balogun; Trium Networks, Adedeji Olowe; Signal Alliance, Uchechi Nwankwo; and Luno Nigeria, Chinedu Obidiegwu.


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