Human Capital Key to Nigerian Start-Ups’ Growth, Experts Say
TECHDIGEST– If newly-established start-ups must weather the storm and break even in the country’s Information Communication Technology, ICT, sector, they need to recruit only capable hands at their formation stage.
This was the position of the speakers of a panel session at the 2022 DigitalNigeriaDay Conference and Exhibition, in Abuja.
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The panelists, comprising ICT firms’ CEOs and seasoned tech experts, spoke on “Exploring Funding Opportunities for Nigerian Start-Ups”.
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Lead Speaker of the session, Gbemi Akande, Managing Partner, Pacer Ventures, advised creative youths, who wish to launch their own ICT start-ups, to immediately assemble the necessary human resources, after they have raised the needed capital.
He said: “Every kind of company needs the right people at the right time, for things to work efficiently.
“Once a founder of a start-up is able to recognize this, his or her company will thrive successfully, in our fast-growing ICT and Digital Economy market.
“And once a start-up begins to grow, there is a need for the CEO to constantly appreciate his or her tech team, the management team also, together with the front- and back-end developers”.
Another panel member, Adedeji Owonibi, who is the Co-Founder of Convexity Hub, said: “Getting the capital for a startup may not really matter in the tech space. But what it is used for.
“That will determine the success of that startup. There is also the need for young start-ups not to underestimate the power of networking with other ICT firms in the country”.
