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“Nigeria will be built on the energy and innovation of young people” – VP Osinbajo says as FG Launches 30 Startup Businesses | WATCH



IMG_20160903_094957The Nigerian government on Friday launched thirty startup businesses by youths under the Aso Villa Demo Day (AVDD) platform for technology, innovation and entrepreneurship.

Vice President, Yemi Osinbajo, who launched the businesses at an event attended by the founder of Facebook, Mark Zuckerberg, said that Nigeria will be built on the energy and innovation of young people.

Three businesses were selected from the 30 finalists and will be given N3.5 million each as support. The federal government also said that there are plans to support the rest of business towards significant growth.

The three businesses are:

Shuttlers NG – Founded by Damilola Olokesusi and Oluwabusola Majekodunmi. This is a mass transit application that enables professionals to access comfortable and efficient transportation to and from work using seat matching technology.

Tracology – Founded by Emmanuel Okena. It deploys Barcodes/QRcodes to residences serviced by registered utility/waste management companies. These Barcodes/QRcodes are scanned on waste pickup day, thereby verifying customers that have paid using electronic payment. The customers, in turn, pay online and on the delivery day.

Recycle Points – Founded by Alisonu Ukonu. It is a waste recycling and social benefit venture that operates an incentive-based scheme which collects recyclable materials from post consumers and in turn rewards them with ‘points.’ These points, when accumulated, could be used to redeem/shop for household items offered through its iRecycle store.

Speaking during the event, the Vice President said:

We are also looking forward to cooperating with Facebook. I am sure that in the next couple of months we will be working out the ways in which we can cooperate especially with connectivity and some of the great ideas that Mark has for improving connectivity in Africa. We are going to be working very closely with him so that in the next few months we are able to achieve something by way of increased connectivity for all of Africa.



  1. Christian

    September 3, 2016 at 10:14 am

    Nice development, though i’m convinced Mr. Zuckerberg had a hand in this. They should have considered existing startups like as well though.

  2. Ba

    September 3, 2016 at 10:18 am

    Wow, my Nigerians are damn creative. They should keep @it &always real.

  3. lifeisbeautiful

    September 3, 2016 at 10:21 am

    Congrats and good luck to the winners!

  4. artklub

    September 3, 2016 at 10:43 am

    congrats to the winners, buh…these are too digital agey, i do not see how they will improve lives of everyday people. maybe the recycling one but even so they have to buy things from Irecycle website and what are those things going to be? are they things that people really need and why cant it be from a shop on ground? these are not the innovate life changing businesses we need right now…geez hate to say this….

    • nene

      September 3, 2016 at 12:44 pm

      it will hopefully trickle down to the masses who really need help

  5. Tosin

    September 3, 2016 at 11:41 am

    Very good direction, but the same government will kill businesses by demolishing their buildings ke? Who should I believe?

    • Tosin

      September 3, 2016 at 11:45 am

      Re: Osinbajo’s comment on working closely with him – no, you don’t need to work closely with zuckerberg, facebook, or anybody. Staying out of the way and doing your job in government will be help enough at this point.
      Na you build the aguilar abi aquilar? Or are you a phone importer? No need to act so familiar abeg, snap your photo, listen to the business founders and move on to either work or rest or whatever.

  6. Tolulope

    September 3, 2016 at 12:49 pm

    Killing existing ones and establishing new ones…smh

    • Iris

      September 3, 2016 at 2:27 pm

      Thank you. That’s exactly how they treat infrastructure. Everything in Nigeria is ‘bring new, don’t nurture and move on to the next.’ Our ADD requires deliverance.

  7. nnenne

    September 3, 2016 at 3:36 pm

    Thank you Mark.
    Your visit and stay in Nigeria means a lot to us . Thanks for assisting us to tell the world what Nigeria is made of.

    Thanks to the Federal government. A little is better than nothing. Thanks to the last administration for U WIN ,which also assisted the youth. This is much better than giving stipends / pocket money. It is hopefully, a gift that will keep giving.

    Thanks to individuals like Linda Ikeji, who are also helping and encouraging entrepreneurship.
    To Nigerians in diaspora. Who toil night and day to fund and assist families at home, we can’t
    thank you enough.

    What will make the greatest impact, will be our government creating an enabling environment for all Nigerians.
    I have no doubt in my mind that Nigeria will be great again!
    We have all that it takes!!

  8. Tosin

    September 3, 2016 at 4:37 pm

    my lover, why you hol’ my comments nah?

  9. Tosin

    September 3, 2016 at 5:18 pm

    Thank you.


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