Prof Yemi Osinbajo: Facing the new decade - A letter to young Nigerians - Daily Post Nigeria

Prof Yemi Osinbajo: Facing the new decade – A letter to young Nigerians

scholars to whom has been given the enormous task of instructing, guiding and inspiring the minds and talents that are destined to define the future. Your task is possibly the noblest anyone could ask for, yet often without great reward or even gratitude. But we thank you today for your great and priceless service to this and coming generations.

The second has been your response to the security challenges besetting our nation today, you elected to express a shared commitment to the national search for solution by being the first among your peers to mount a programme on Criminology and Security Studies, thereby demonstrating your relevance and proving that the university should not just be an incubator of ideas, but also a solution provider.

Let me begin by making a few general statements and perhaps some predictions. First is that the next few decades will present tremendous opportunities for getting well-paying jobs and lucrative entrepreneurship opportunities all over the world. Anyone will be able to access many of those jobs without even having to move from your own country, in some cases even without leaving your home.

It was Arthur Clarke, the British Science Fiction writer, who said that “any sufficiently advanced technology is not different anymore from magic.” If you follow some of the trends in technology over the past years in particular, much of his statement appears true, as the coming years look set to be one of the most spectacular magic shows ever.

Apple sells the product of the ingenuity of the human mind, ideas translated to products, services and solutions that millions are prepared to pay for. And because the capacity of the human mind for creativity, generation of ideas and for innovation and invention is limitless, the source of wealth of innovative companies and individuals is literally limitless.

So, the future of banking and financial services doesn’t belong to banks or bankers as we know them today, it may well belong to the FinTechs and other technology-enabled solutions. For example, today we have KiaKia, which uses Artificial Intelligence and algorithms, to process loan requests in minutes and grant credit without the hassles of regular banks. Besides, there is Kuda Bank, for example, a bank without a single physical branch with all its features built into a mobile application.

So today there are opportunities for entrepreneurs to build their businesses around traditional professions without being professionals themselves. The most widely read online publications are neither owned nor run by trained journalists. Some of us are familiar with the news aggregation platform called Nairaland which was started by two Obafemi Awolowo University students while still in school. Today it is one of the most successful online platforms we have.

Also, remember that content is becoming more in demand with the streaming wars that have engulfed Netflix, Apple, Disney Plus, HBO and only recently, Airtel, the telecommunications provider, launched its own streaming service in Nigeria. So today, the most successful businesses are those able to add value, even our culture can become a great wealth creator, but only if we add value. So just doing traditional dances is not enough, to put together 8 or 16 barefooted young men and women dancing when foreign guests are visiting cannot make enough money. Organizing dance dramas, on the other hand, can make money.

Thanks to the social media age, whatever ideas and skills that you have can be leveraged for benefit. Your knowledge is of immense importance and you have to find creative ways to take advantage of it. There is no question that an exciting future lies ahead. There are breakthroughs in radical technologies, capable of disrupting whole industries, and perhaps even our very conception of work itself.

So, our university curricula must be versatile and dynamic. The focus must be on innovation, critical thinking, interdisciplinary thinking, design thinking, synergizing and collaboration with others across the world to solve problems.

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