Day of the 8 billion: Accelerating social innovation for Africa's economic transformation | TheCable

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[OPINION BY WALE OYEPEJU] Day of the 8 billion: Accelerating social innovation for Africa's economic transformation | TheCable

November 16, 2022 9:03 PMEleven years after reaching 7 billion people, the United Nations estimates that the global population will reach 8 billion today, a remarkable accomplishment acknowledged as the Day of 8 Billion every November 15. However, current projections show that new population growth will be more concentrated in countries with higher fertility rates and youthful age structures, especially in sub-Saharan Africa.

In many European economies, social innovation has been increasingly perceived as the answer to the rising societal challenges, such as growing social disparities and exclusion, youth issues, unemployment, poverty, and evolving demographics. Yet, while policymakers, leading academics, and social activists agree that social innovation will unlock a better future for the world, implementation is still complex.

Industry insiders in Nigeria believe that the report’s estimate of 80,000 developers in Nigeria was too generous, as some stipulated that the country probably does not have up to 10,000 software developers in Nigeria. Unfortunately, the country is also affected by the ‘Japa’ phenomenon, with hordes of skilled tech talents leaving yearly for better opportunities.

 

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