How Seun Can Turn Nairaland To a Multi-Billion Tech Business
Haven been an ardent follower of US and global dotcom and tech industries, the unimaginable ways some unknown US tech startups grew from a $1000 business
startup to a multi-billion $ business with equities and shares running into
billions in a matter of years, I always have this whisper in my head
that says Nigeria can become the next tech hub in Africa where the next
generation of global technology companies will be birthed, only if our young
people would key into this great vision by embracing everything technology and
doing away with chasing of crumbs through internet scam and the much abused
social media influencing that has turned every Nigerian lady on the social
media to a video twerker in their desperate effort to gain few minutes famous that most times
doesn’t translate to real sustainable income flow. Okay, that aside, let’s go
straight to the topic of the day; how founder of Nairaland can turn Nairaland
to a multi-billion business empire.
For those of you who don’t know already, Nairaland was
created as far back as 2005 by a young Nigerian guy from Ogun State who had
passion for computer programming, Seun Osewa. His vision to build a platform
that will bring all Nigerians together for interaction and discussion on life
issues has finally came to reality because as you are reading this, Nairaland
is no doubt the most popular forum website in Africa, and among the top 10 most
visited websites in Nigeria with an estimated population of 210 million people.
That is not a small feat if you understand how website traffic works.
Now, my concern, and the major reason I am writing this
short article is to awaken the founder of Nairaland Seun Osewa to the fact that
he can turn the fortune of Nairaland around to become one of the richest tech
businesses in Nigeria. This is doable. First, he needs to find a way to restructure
the board of Nairaland company, and get more investors on board. During this
process, Nairaland can be made to go public through official listing on
Nigerian Stock Exchange and after a few years, he can proceed to foreign
listing.
But before investors can show interest in investing on
Nairaland, Seun needs to find a way to boost the revenues on Nairaland, relying
on paid adverts alone is not enough to give investors return on their investments.
I have a practical plan on how Nairaland’s revenue can be diversified to
increase its daily, weekly, and monthly revenue, I am open to discussion on
this with Seun Osewa.
With over 2 million registered users and a massive daily
traffic of people from all over the world, Nairaland’s revenue can be
turnaround to a multi-million business empire on its way to becoming one of the
tech giants in Africa and the world. During this revamping process, the board
will need to study the Nigerian tech industry, and look for a way to become a
key player in leading Nigeria to a tech startup revolution, in which Nairaland
will become a shareholder, and in few years from now, the name Nairaland will
become a household name.
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