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

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, May 31, 2019.

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

Despite the few notable strides accomplished by tech start-ups 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 start-ups 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 Luno and Cordros Asset Management and will feature speakers from Verraki, Kelvin Balogun; Trium Networks, Adedeji Olowe; Signal Alliance, Uchechi Nwankwo; Luno Nigeria, Chinedu Obidiegwu, and Andela Nigeria, Olawunmi Onawunmi.