Techeconomy TV is a profound YouTube channel focused on generating technology-driven content that reflects the growth and expansion of technology in this digital age and how it influences business in all areas.

The channel is akin to unlocking opportunities in tech for her youthful audience through thought-provoking and informative content that intersects between technology and business. Techeconomy has become a safe hub for entrepreneurs and digital creatives to share their thoughts and offer insights on how to navigate the tech industry to create an impact in modern-day business.

Living up to its central objective, in October 2024, Techeconomy aired a program titled “Nigerian Tech Space: From Independence to the Digital Age.” This program explored the evolution of technology and how it has rapidly burgeoned into an industry, impacting and improving business processes. The program featured key industry leaders who gave their two cents on the trends, challenges, and opportunities of the tech industry. They also discussed how technologies have become a major currency in the digital age, causing innovations in the business landscape. Notable among the speakers is Mr. Oluwabusuyi Adonis Fakanlu, founder of Comfort Architectural Finishing Limited. Oluwabusuyi is prominent in the field of architectural technology and real estate development, gaining recognition for his impeccable and sustainable-driven real estate construction projects; hence, he is worthy enough to voice how technology has driven progress in the field.

 When asked what he feels about the intervention of the Nigerian government in the tech industry, with characteristic insight, Oluwabusuyi affirmed that “the government is doing the best that they can, even though they can still do better,” he noted. Oluwabusuyi identified progressive interventions like the commissioning of Nigerian Communication Satellite and the license support for Fintech companies to kick off, all indicating that they are taking baby steps with the right intent toward the right direction.

However, Adonis expressed that the government is only responsible for creating an enabling environment through infrastructural development, policy, and regulatory reform, access to capital, and encouraging public-private partnerships, while it’s up to individuals to observe opportunities and bask in them. He buttressed that technology as a sector is bountiful and is an industry teeming with endless possibilities, especially as it cuts across other industries. “Every sector today needs a tech person in hand,” he stated. “That’s why people need to learn tech skills so they can not only gain employment but also liberate themselves from any financial crisis.”

Considering the rise of unemployment, one of the country’s most pressing socio-economic struggles, Oluwabusuyi highlighted that the reason isn’t so far-fetched, pointing at the high percentage of youths in the country, which occupies 60% of the general population. He warned that having a school certificate is no longer a guarantee for financial freedom. “Learning a tech skill is paramount, particularly in this time and age where everything is digital,” he buttressed. “There are quite several high-paying tech jobs abroad; the youths can hop on those opportunities only if they learn.”

He explained further the importance of technology in the construction field, where he mentioned that just the social media channel, “WhatsApp,” allows him to send and receive as many files as possible, contrasting to the pre-digital days where the transmission of files and communication, in general, were cumbersome. He also cited the transformative significance of AutoCAD today and how prevalent it has become, making architectural drawings and designs seamless.

 Adonis had a clear message: while the government has the role to lay the groundwork that will foster broader growth in the tech sector, individuals also have a role to play by investing in themselves, taking charge of their growth, creating, owning, “Be selfish with your development,” he urged.

In response to the question of the challenges and opportunities facing the tech industry in Nigeria, Oluwabusuyi opined that lack of electricity and unreliable internet connection is one of the gravest challenges affecting tech players in the country. He explained that tech professionals are always on the move to stay connected to their jobs, spending exorbitantly on alternative sources of energy. He bemoans that the worst part of the situation is the government’s non-indulgence towards tackling the challenge. “I don’t think they realize how much of a problem this is; if they positively intervene, tech involvement will be a lot higher, ultimately solving several other issues,” he lamented.

Oluwabusuyi advises that one way the government can create an enabling environment is through things like this—the provision of steady and constant electricity supply, as it will not only ease the burdens of many Nigerians but also relieve business owners of unnecessary expenditure, which will further increase overall efficiency and competition in the business landscape.

As he drew his discussion to a close, he asserted that “the opportunities in the tech space are endless; it all depends on you. Continually stay selfish with self-development, take up relevant skills, and you’ll see a lot of opportunities crashing on you.”

Oluwabusuyi’s relevant insights on the tech economy TV stand as a reminder for individuals to be responsible for their success without total reliance on the government. He also brought to light the significance of technology in business, encouraging individuals to plunge into tech, as it’s a sure ticket to thrive in this modern world.