Nigeria’s Youth and the Future of Economic Development at 64

At 64 years of independence, Nigeria is at a crossroads, and the youth are leading the charge for change and progress. With over 60% of the country’s population under the age of 25, young Nigerians are key to the nation’s development. They are not just spectators but active participants in shaping the future through activism, entrepreneurship, and innovation. As Nigeria continues to evolve, the youth are playing a vital role in pushing for social change, demanding better governance, creating jobs, and using technology to solve problems.

•  Youth Activism: Leading the Charge for ChangIn recent years, Nigerian youth have become more outspoken about the issues affecting them and their country. The 2020 #EndSARS movement is one of the most notable examples of youth activism in Nigeria. Young people across the country took to the streets to protest against police brutality, particularly the actions of the Special Anti-Robbery Squad (SARS). What started as a call to end SARS quickly evolved into a broader demand for better governance, accountability, and reforms in key sectors like education, healthcare, and employment.The youth used social media platforms such as Twitter and Instagram to organize protests, share information, and raise awareness. This movement showed the power of collective action and how young people can influence national discourse. It also demonstrated the youth’s frustration with the status quo and their desire for a more just and transparent .This wave of activism isn’t limited to #EndSARS. Young Nigerians are increasingly involved in advocacy for climate change, gender equality, and human rights. They are holding the government accountable and pushing for policies that address the needs of all Nigerians, especially the marginalized. Their activism is a sign that young people are determined to create a Nigeria that works for everyone.

•  Entrepreneurship: Turning Challenges into Opportunities With unemployment rates high, particularly among young people, many Nigerian youths have turned to entrepreneurship as a way to create their own opportunities. Instead of waiting for government jobs, they are starting businesses that not only provide for their families but also contribute to the nation’s economy. Nigeria’s youth have shown great resilience and creativity in the face of economic challenges. For instance, the tech industry in Nigeria has exploded in recent years, largely due to young entrepreneurs. Lagos has become a tech hub, home to successful startups like Paystack, Flutterwave, and PiggyVest. These businesses were founded by young Nigerians who saw the potential of using technology to solve problems in finance, e-commerce, and agriculture. The rise of fintech companies like Paystack and Flutterwave has improved access to financial services for millions of Nigerians, while also providing jobs for young professionals in the tech industry. Similarly, platforms like Farmcrowdy are helping farmers improve their yield through technology, boosting the agriculture sector .Youth-led businesses are not just limited to tech. In the fashion, entertainment, and creative industries, young Nigerians are making waves globally. Nollywood, Nigeria’s film industry, is one of the largest in the world, and young actors, filmmakers, and producers are playing a key role in its success. In fashion, young designers like Kenneth Ize and Maki Oh are showcasing Nigeria’s rich culture and creativity on the global stage. Through entrepreneurship, young Nigerians are not only addressing issues of unemployment but also contributing to the diversification of the economy. They are proving that the future of Nigeria’s economy lies in the hands of its youth.

•  Innovation: Using Technology to Solve Problems In a world that is becoming increasingly digital, Nigerian youth are using technology to drive social and economic change. The country’s tech-savvy young population is leading the way in innovation, using digital tools to address some of Nigeria’s most pressing problems. One area where youth innovation is making a significant impact is in financial inclusion. Many Nigerians do not have access to traditional banking services, but youth-led fintech companies are providing solutions. For example, companies like Kuda Bank, a digital-only bank, are offering banking services to people who have never had access to them before. This is helping to bridge the gap between the formal economy and the millions of Nigerians who have been excluded from it .Innovation is also transforming other sectors like education, healthcare, and agriculture. Edtech platforms like ULesson are making quality education more accessible to students across Nigeria, particularly in underserved areas. In healthcare, young entrepreneurs are using technology to provide telemedicine services, allowing people in remote areas to consult with doctors and access medical advice.

• Agriculture, which remains a vital part of Nigeria’s economy, is also being transformed by youth innovation. Startups like ThriveAgric are helping farmers increase productivity by providing them with the tools, knowledge, and access to markets they need to succeed. The use of technology by Nigerian youth is not just about creating new businesses; it’s about finding solutions to the challenges that have held the country back for decades. Their innovation is pushing Nigeria towards a future where technology plays a central role in development.

 The Role of Youth in Politics and Governance

Nigerian youth are also beginning to take on a more active role in politics and governance. While the older generation has traditionally dominated Nigerian politics, young people are making their voices heard. The *Not Too Young to Run* law, passed in 2018, was a landmark reform that reduced the age limit for running for public office. This law has empowered young Nigerians to participate in politics and take on leadership roles.

Although young people still face challenges such as political violence, corruption, and a lack of resources, they are increasingly involved in the political process. More youth are running for political office, organizing grassroots campaigns, and pushing for policies that reflect the needs of their generation.

Youth-led organizations are also making an impact. Groups like Yiaga Africa are advocating for election reforms and promoting voter education to ensure that young people are informed and active participants in the political process. By pushing for greater transparency, accountability, and inclusivity in politics, Nigerian youth are working to create a democracy that truly represents the people.

 The Challenges Ahead

Despite the positive impact of Nigerian youth in activism, entrepreneurship, innovation, and politics, they still face significant challenges. Unemployment, underemployment, and a lack of access to quality education remain major barriers to progress. Many young people also feel disillusioned with the political system, which they see as corrupt and unresponsive to their needs.

Furthermore, systemic issues such as poor infrastructure, limited access to capital, and an unstable economy continue to hinder the potential of Nigerian youth. While they have shown incredible resilience, the government and private sector must do more to create an enabling environment where young people can thrive.

 Conclusion

At 64 years of independence, Nigeria stands on the shoulders of its youth. Through activism, entrepreneurship, innovation, and political engagement, young Nigerians are shaping the country’s future. They are leading the charge for social change, driving economic growth through their businesses, and using technology to solve critical problems.

The journey ahead may still be filled with challenges, but the role of youth in nation-building cannot be overstated. They are not just the leaders of tomorrow; they are the change-makers of today. As Nigeria continues to evolve, the energy, creativity, and determination of its youth will be crucial in building a more prosperous and just nation for all.