The Group Chief Executive Officer of United Capital Plc, Peter Ashade, has emphasized the central role of entrepreneurship in national development, during a lecture delivered at Joseph Ayo Babalola University.
Ashade spoke at the 2026 Sonaike Memorial Lecture themed “Nation Building Through Entrepreneurship,” where he highlighted the importance of empowering young innovators as a foundation for long-term economic transformation.
Entrepreneurship as a driver of national development
In his address, Ashade stressed that sustainable nation-building depends on the ability of societies to support and scale entrepreneurial ideas. He noted that across Africa, increasing attention is being given to programmes that fund, mentor, and validate emerging business leaders.
He referenced recent activities of the Tony Elumelu Foundation, noting its continued role in unveiling and supporting new cohorts of African entrepreneurs. According to him, such initiatives demonstrate growing continental momentum toward youth-driven economic growth.
Engagement with students and academic community
The lecture, held at Joseph Ayo Babalola University in Nigeria, was described as highly interactive, with discussions focused on innovation, resilience, and the role of education in shaping future business leaders. Ashade engaged students and faculty in conversations about practical pathways to entrepreneurship and the importance of translating ideas into viable enterprises.
He commended the university leadership, including the Vice Chancellor, Professor O. A. Fakolujo, along with senior administrators, for their hospitality and commitment to fostering intellectual exchange.
Call for action-oriented leadership
Ashade further noted that nation-building begins with spaces where ideas are exchanged and refined, particularly within academic institutions. He encouraged students to view themselves not as future participants in development, but as current contributors actively shaping economic outcomes.
He concluded that the future of Africa’s economy depends on individuals willing to take initiative, build enterprises, and overcome structural barriers through innovation and determination.
The lecture adds to ongoing regional discourse on entrepreneurship as a key pillar for economic diversification, job creation, and sustainable development across Africa.