The New Crude Oil For The Future Of Nigeria And Why You Should Start Now

It is no secret that our then ” rich oil well ” is getting broke? And, inevitably, jobs will even be more scarce than it already is. And we need to find a new source of revenue and not just place our hope on crude oil. Nigeria is at a point, were a new source of income is necessary. And who are we kidding? We know it is not agriculture! Don’t judge me; I am a lazy Nigerian Youth.

What is the reality we found ourselves?

Nigeria Crude Oil situation
Image source: VanguardNg

The world is changing, and it is doing it rapidly. From the moment of personal PC’s creation (which was first created by Ed Roberts) hitherto present times, everything has skyrocketed.

To a stage that basic computer programming is taught in almost all reputable high schools and the first year of most universities in the world irrespective of your course of study. This is how essential computers have become to the world and our survival.

Furthermore, it is almost a norm that you would most likely not get a job if you are not a twenty-first-century digital literate.

What is the solution?

Nigeria crude oil depreciates in value

Coming down to the local scene, It is no doubt that Nigeria is gradually becoming recognized as one of the tech giants in the world and not just one of the major suppliers of crude oil

It is currently the forerunner of tech in Africa. “All thanks to the then president of Nigeria; Goodluck Ebele Jonathan,” and it is one of the top 150 countries in the world. Enough said, let’s dive in.

  • The industry is currently not that competitive.

Currently, Nigeria is still at a stage in tech were, every prominent entrepreneur in the tech industry is trying to make things work for the overall good of the industry. This is why you should make your startup known now.

  • All product created is universally marketable.

The incredible thing about the tech world is that everything you make is just a few steps away from being put on a global market.

If you create an android application, marketing the mobile app will not be difficult all thanks to Playstore, likewise if you make an IOS application. This gives you a very wide unbiased audience to sell to.

  • Employers always need Developers

One of the funny things about the tech industry is that there can never be enough job to go around unlike drilling crude oil. Data science, among other professions, is one profession that always needs developers.

However, data science is relatively difficult, giving the fact that you will need to be good at several science fields.

Data science cuts across many disciplinary areas. It uses scientific methods, algorithms, processes, and systems to extract knowledge, insights, and meaning from structural and unstructured data.

This explains why almost all companies are always hiring a data scientist. That is another way of saying your knowledge of computer will never be wasted.

Although you would need to update your knowledge now and then to stay relevant.

  • There are currently a lot of grant from government and investment from VC’s to help startups

VC (Venture capital) is a form of private equity financing that is provided by venture capital firms, or you can simply say funds to startups, emerging companies that have been deemed to have high growth potential or which have demonstrated high growth.

Venture capital enterprise invests in funds these young companies in exchange for equity, or an ownership stake, in such companies.

Venture capitalists often take on the risk of financing risky startups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC’s investments have high rates of failure.

  • High demand, high pay 

Whether as a freelancer or an office worker, the pay is good. Just as far as you, you have mastered your craft.

The truth is, as a freelancer in the tech world, you would make more money in a job than some office workers make in a month.

The only downside to this is it is challenging to build a network or even finding a network until you have some kind of reputation.

Notwithstanding, the pay is still good. Nonetheless, I strongly urge you to get a job in a tech firm, due to the fact that it is easier to build your network from there.

In conclusion

To some, it was hard work that made Bill Gates the richest man in the world. That is not entirely true.

According to the documentary Triumph of nerds, which I wrote a summary of; Two things made Bill Gates among the top 5 the richest men in the world.

Which he is currently the first as of the date of writing this article; The first was a lucky opportunity, and the second he was prepared to utilize the opportunity when the opportunity came. So, now is the time to look away from crude oil and focus on technology and of course agriculture.


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