PRESS RELEASE: Access to world-class, online, leadership learning set to mobilise new generation of Nigerian entrepreneurs
From August, The Institute of Leadership & Management will give young Nigerians membership to the professional body comprised of 30,000 leaders, managers, coaches and mentors globally, providing access to its flagship e-learning tool, MyLeadership.
The online programme supports leadership development by giving members access to a wide range of interactive learning resources developed by Institute experts. Members can enhance their knowledge of the practice of leadership, test themselves online against the Institute’s leadership standards, receive personalised direction and have their leadership learning recognised through certification. This development of leadership capability is crucial to Nigeria’s economic growth.
Nigeria is Africa’s largest economy with a GDP of $3.76bn but its entrepreneurial deficit renders it unable to develop the broad-based economy needed to provide employment and competition, as well as provide insulation from the global price and demand shocks in its natural resource markets.
The IMF predicts that Nigeria could become the ninth largest economy in the world by 2050 if it mobilises its 200 million population into a nation of entrepreneurs and consumers. But Nigeria’s population advantage is also its downfall, as it struggles to overcome rising unemployment, poor education and severe poverty.
The alliance between ABE and The Institute supports a memorandum of understanding (MoU) between ABE and the United Nations Educational, Scientific and Cultural Organisation (UNESCO) Read and Earn Federation to develop a course in entrepreneurial skills, which will be delivered digitally to as many as 120,000 young people in Nigeria every year for the next decade.
The ABE course will include bespoke content on strategic thinking, understanding and predicting customer behaviour, marketing, branding, product targeting, business planning and an emphasis on international trade. It will be delivered by ABE, an education not-for-profit organisation that provides courses on entrepreneurship and business skills in emerging economies.
Phil James, CEO of The Institute of Leadership & Management said: “The Institute of Leadership & Management is delighted to be working with ABE and UNESCO to support such a vital project for the education and empowerment of young people in Nigeria. We share ABE’s values and belief that education has the potential to change people’s lives and to advance peace and prosperity for society. Our studying membership will support everyone who achieves their ABE certificate by providing the opportunity for continuous learning and development of business management and leadership skills.”
Speaking in the capital, Abuja, about the deal with UNESCO, ABE CEO Rob May said: “Nigeria is a country at a crossroads. The fiscal deficit, unemployment trend and uncertainty around petrol prices all combine to create an atmosphere of economic instability. This uncertainty means that the West African nation has seen a significant out-flow of its most promising young talent to Europe, leaving behind a damaging human capital problem. This project, with partners UNESCO and The Institute of Leadership & Management will inspire a generation of Nigerian youths to become entrepreneurs and broaden the horizon of this proud nation.”
Prince Abdulsalami, President of the UNESCO Read and Earn Federation, added: “This project, and this partnership, is now part of the road map to making Nigeria a successful and sustainable economy, and will help curb the conditions that lead to poverty, illegal migration, human trafficking and modern-day slavery.”
For more information about The Institute of Leadership & Management, visit www.institutelm.com.
For more information about The Association of Business Executives, visit www.abeuk.com.
For more information the UNESCO Read and Earn Federation, visit www.unesco-re.org/about-us/
Notes to editors:
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The Institute of Leadership & Management is a world-renowned specialist membership body that raises professional standards of more than 30,000 leaders, managers, coaches and mentors. Our mission is to inspire great leadership, everywhere. We are a registered charity and governed by a board of trustees.