Institutionalizing Entrepreneurship Isn't The Path Way To Innovation

Initially, I was going to write about the proposed hike price of data by  NCC (Nigeria Communications Commission). But, the proposed bill has been abolished by the Nigeria Senate.  However, I need to ask the NCC if this is the right time to play Cat and Rat game with the people of Nigeria?  The NCC wants to give the infantry telecom operators just arriving into the market a chance to also eat out of the good (Nigerians) of the land which is at the expense of Nigerians. What they have forgotten is, if there isn't meat (Nigerians) there wouldn't be a fight between the duo (the Cat stopping the Rat from eating the meat). Anyway, when we thought we've won the fight with the NCC. Another proposed bill was made to quantify/regulate entrepreneurship in Nigeria and I'm like, what has our policy makers been thinking all day long? 

This brought me to Mark Essien (Founder and CEO of believes that setting up a company in Rwanda is like driving a Tesla, while setting up a company in Ghana is like riding horse and chariot. And Osarumen Osamuyi (Head of production of BigCabal Media) believes setting one up in Nigeria is like trying to sell Gala sausages to someone in traffic, only that the bus driver insists on driving as fast as Lagos traffic will allow him, meandering from lane to lane. Even coupled with one having an 18-month old child strapped to ones back, and Lagos State government officials are chasing one because hawking is illegal. 

I strongly stand with Osarumen Osamuyi believes about setting up a business in Nigeria. But, I think if one can appease the gods of (Yaba) the land, setting up ones company wouldn't be like Jonah's journey (in the Bible).     

Having laid my hands on the proposed (25 pages) bill on Chartered Institute of Entrepreneurs (quantifying/regulating entrepreneurs) in Nigeria sponsored by Senator Ganiyu Olanrewaju Solomon. It's arguably clear that Osarumen's believes about starting ones company in Nigeria has (had) began to come to play. This is more reason Bankole Oluwafemi ( Editor-In-Chief of TechCabal) stated the need for Nigeria's policy makers to stop holding innovators back. He noted that "examples abound of policy thwarting innovation in Nigeria. Advancement in the payments sector have been hamstrung for years by Central Bank policy. It costs more to acquire a drone license than to acquire the drone itself, and only by means of a byzantine application process". The proposed bill of CIEN (Chartered Institute of Entrepreneurs of Nigeria) further attest to Bankole's example of the vagueness, oblivious and policies thwarting innovations and innovators in Nigeria.  

It is better for Nigerian entrepreneurs to clear this nation (shit) problem with their tissue than get it done by a plague river offered by our so called policy makers. Our policy makers seems to have been caught up in the web of venerating institutionalizing entrepreneurship as a path way to innovation. Why institutionalize entrepreneurship?  When institutionalization of our educational system has done more harm than good over the years. The proposed bill has it that "To become a fellow of the chartered institute of entrepreneurs, you need to be at least 28yrs old and have 8yrs working experience in a relative organisation." OMG! What does age have to do with entrepreneurship. If that's the case, Iyin Aboyeji (former co-founder of Andela) or Sim Shagaya (founder and CEO of Konga) one of the largest West Africa eCommerce website wouldn't have qualified to be (Chartered) entrepreneur when Andela and Konga was started.  

I'm not asking Nigeria policy makers not to make policies but making policies which serves as an obstacles to innovators and innovations is what I wouldn't give a cold shoulder to. 

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