Nigeria Young Promising Entrepreneurs (West Africa). Ogunlana Olumide & Chukwuwezam Obanor, Nigerian Founders, PrepClass. Olumide and Obanor, both 24, are the founders of Prepclass – a Nigerian academic solutions provider offering online test prep software, full-length tests, and a Cognitive behavioral therapy (CBT) experience similar to that of Nigerian university pre-entry exams. PrepClass also provides personalized home tutors in Lagos, Nigeria, skilled at meeting individual academic needs. The company has been funded by CRE Venture Capital and the Venture Garden Group. Today, PrepClass hosts 135 tutors, up from the nine tutors the organization had when it first opened. But that’s not where the story of PrepClass’s growth ends. From 2014, the year Chukwuwezam was selected as an Anzisha Fellow, to date, PrepClass has experienced an exponential increase in revenue. Today, PrepClass makes on average 1400% more than it’s starting revenue.
Young Entrepreneur in Abuja and Startup in Nigeria
When most people think of Nigeria having an ecosystem of innovation and technology they instinctively think of Lagos, and understandably so. After all, Lagos is home to over 20 million people, and is the largest commercial city in Africa. In emerging markets, Lagos continues to be a city with plenty of promise and opportunity for startups, but as have been written before, despite the obvious logistical and commercial advantages, there are opportunities beyond the ‘smoke’ of Lagos. None is better placed than Nigeria’s Federal Capital Territory city of Abuja, just 300 miles northeast of Lagos and a fifty-minute plane ride away. In many ways Abuja is Nigeria’s original startup city. It was founded just 40 years ago, after being carved out from the center of the country.
Nigeria and West Africa Small Business Blog
Nigeria – West Africa All Countries Small Business Blog for West African entrepreneurs, work from home West Africa women and youth business. Small Business Ideas. Please also visit our very interesting Central Africa Entrepreneur Blog (Burundi, Central African Rep., Chad, DR Congo, Rwanda) and our new East Africa Small Business Blog (Ethiopia, Kenya, Madagascar, Tanzania, Uganda) and also our North Africa SME – Small Business Blog (Algeria, Egypt, Libya, Morocco, Libya, Sudan, Tunisia) plus this one Southern Africa SME – Small Business Blog (Botswana, Lesotho, Namibia, South Africa, Swaziland) for other regional entrepreneur information. Return to our Africa Business Blog main page to find more regions and posts about entrepreneurs and small business in Africa, Asia and around the world. Guest Bloggers and Contributors Welcome: Would you like to contribute to our all-round small business blog? Please just contact us.