The recorded video is below.
The Economic Committee of the Igbo Credibility Group, a group of eminent Igbo leaders and scholars, is hosting this webinar. They have approved making the presentation public. You’re highly invited; Zoom below.
Introduction: Looking at 2,000 years of gross world product, and individual GDPs of nations, we can see two distinct economic developmental phases. Nations begin at the “invention” phase where there are many ideas, but few products and services. Successful nations transmute into the “innovation” phase where they do not just have ideas, they actually have the capacities to create products and services. Products and services are what solve frictions (i.e. problems) that societies have. Unless nations can translate those ideas into products and services, they stall economically. That translation is what GDPs capture through economic activities and productions.
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Alaigbo today is an invention society – so many ideas postulated in beer parlors, taxis, offices, etc, but limited products and services to serve communities. In this presentation, Prof Ndubuisi Ekekwe will explain how the Igbo Nation can build the core pillars which all innovation societies have built, from Europe to North America to Asia. No nation in human history has developed without those pillars. Like the Europeans who created chemical compounds but were unable to make vaccines, and died of epidemics centuries ago, until Alaigbo can translate its knowledge base into market solutions, and fix frictions in our communities, the economic stasis will remain.
Europeans later turned those compounds into vaccines, after they enabled the pillars; the Igbo Nation can build out its own, and accelerate prosperity. Nigeria’s national budget of $42 billion for 210 million citizens when South Africa with 60 million people is spending $152 billion, explains the urgency for our moment.
Topic: Building the Core Pillars and Unlocking the Wealth of Alaigbo
Presenter: Prof Ndubuisi Ekekwe, Lead Faculty of Tekedia Institute and Harvard Business Review writer since 2009
Date: April 30 2022
Time: 2pm WAT
Zoom: click here
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