Africa’s largest network of young business leaders and aspiring entrepreneurs, Under 40 CEOs, have tasked Nigerian youths to play a more active role in politics and governance in order to address the country’s development challenges. According to a statement, the CEOs also called on the government to integrate more brilliant young people into key leadership positions at national and state levels for inclusive and sustainable economic growth.
Speaking recently at a forum organized by the group themed Dinner with Needle Movers, Founder and Executive Director—Africa, Familusi Akin Babajide, noted: “By current estimates, up to 70 percent of sub-Saharan Africa’s population is under the age of 30, representing about 806 million of the 1.151 billion people in this region. This demographic projection has significant implications for economic activity, public service provision, and state stability.”
“As the group with the most at stake, young African leaders deserve to be part of the policy discussions that seek to find solutions to the challenges confronting the continent. More qualified youths must be drafted into leadership positions in presidencies and state governments, parliaments, corporate boardrooms, as well as civil society and faith-based organizations to assist in conceptualizing and driving critical development initiatives.”
Commenting further, Familusi said: “As Under 40 CEOs, we cannot afford to sit on the sidelines. That is why we are hosting this event to connect young business and political leaders, as well as to create opportunities for collaboration between progressive public servants. Together, we must push the pedal and further move the needle towards a more desirous nation—one that’s equitable, prosperous and safe for all.”
In his remark, Tonye Cole, guest speaker at the event and winner of the All Progressives’ Congress (APC) ticket for the 2023 Rivers State governorship elections, noted that the lack of visionary leadership and accountability remain the biggest challenges to development in Nigeria and, indeed, all of Africa. He also stressed that active youth participation in politics is critical to the continent’s development.
“The truth is that African leaders have not always responded effectively to the needs of the continent and the respective countries. But there is hope in the rising generation of young people who can play a critical role in building accountability for successful economic transformation, representation, and public service. The urgency of these efforts cannot be overemphasized, as the youths have the most to lose if solutions are not enacted.”
“If we succeed in what we’re doing, the price of success far outweighs the cost of failure. The price of success is building an economy that will move our youths from the streets to expressing their talents and their gifts. Oftentimes, a lot of us get frustrated by the system and just want to pack up and go. But Nigeria isn’t a lost cause. What we need are more young people with the audacity to stay and make a difference. Please don’t give up; you are the drivers of a new Nigeria.”
Under 40 CEOs Forum—a live interactive event—is an extension of the Under 40 CEOs television show. The forum offers a unique opportunity for current and aspiring CEOs to meet, share ideas and collaborate to create economic value across the continent. The latest outing, Dinner with Needle Movers, was co-hosted by Tolu Ibitola, Chief of Staff to the Ekiti State Governor, and had other notable young leaders from the public and private sector in attendance.
Under 40 CEOs is a pan-African community focused on building the African economy on the shoulders of young Africans. Launched as a television series on TVC Entertainment and TVC News on 9th October 2015, the series subsequently launched on Silverbird Television Network on 13th January 2017 and has spotlighted inspiring young business leaders aged 40 and under from Nigeria, Ghana, Kenya, Rwanda and South Africa.
With serial entrepreneur Familusi Akin Babajide (Mr FAB) as Executive Director for Africa and host of the television series, and over 100 episodes till date, Under 40 CEOs has inspired, motivated and empowered millions of would-be young business leaders across Africa to take action and join in the rebuilding and re-shaping of the African continent. The show currently reaches over 2million viewers every week with a social media following of over 300,000 (and growing) and a cumulative social media content reach of over 8.6million.
In 2021, the Under 40 CEOs Institute was launched. With a faculty of experienced and established business leaders, it has tailored programmes to fill the knowledge gap and upskill emerging and aspiring entrepreneurs and executives.