Fostering Lasting Systems for National Development: Insights from Leo Stan Ekeh
In a compelling address to a gathering of aspiring young entrepreneurs, Leo Stan Ekeh, the Chairman of Zinox Group, emphasized the importance of establishing enduring systems that contribute to national development rather than merely pursuing immediate wealth. Drawing from his extensive experience in building one of Africa’s leading technology conglomerates, Ekeh’s insights resonate deeply in today’s entrepreneurial landscape.
A Journey Rooted in Conviction
Ekeh’s journey began after he graduated from the University of Punjab in India. He furthered his education with a postgraduate program in computer science at Cork City University in Ireland. Upon completing his studies, he was presented with lucrative job offers from prestigious global technology firms, including Apple, based in Silicon Valley. However, Ekeh made a pivotal choice to return to Nigeria.
“I chose to return home to create confidence and faith in our digital economy and to equip the next generation with the capacity to navigate the digital storm ahead,” Ekeh shared. His decision was driven by a profound conviction to build systems that would endure beyond his lifetime and contribute to the sustainable growth of Nigeria.
Transforming Industries
Ekeh’s early career efforts were instrumental in modernizing Nigeria’s media and advertising sectors. By introducing desktop publishing and computer graphics, he transformed operations at major companies such as Daily Times, Vanguard, and Longman. These innovations established a foundation for Nigeria’s contemporary creative and digital ecosystems.
Moreover, Ekeh played a crucial role in integrating global Original Equipment Manufacturers (OEMs) into the Nigerian market. His strategic partnerships and advocacy efforts attracted industry giants like HP, Microsoft, Apple, Dell Technologies, and Amazon, fostering a competitive and innovative technology environment that benefits the current generation.
Contributions to Democratic and Technological Progress
Reflecting on his contributions to Nigeria’s democratic transformation, Ekeh cited the landmark 2010 digital deployment project with the Independent National Electoral Commission. This initiative was the largest single ICT rollout in Africa at the time and has since served as a model for similar technology deployments in other nations, including Guinea-Bissau.
In the energy sector, Zinox Group has pioneered the implementation of digital fuel dispensers and has provided essential technology infrastructure to multinational corporations such as Shell, Chevron, and Total. Ekeh also highlighted the success of delivering the largest single e-library and wireless cloud rollout project in Gambia.
Building a Diverse Business Empire
Under Ekeh’s leadership, the Zinox Group has evolved into a multifaceted global business empire, with interests spanning e-commerce, real estate, pharmaceuticals, entertainment, and manufacturing. Despite facing personal losses, blackmail, and policy challenges, Ekeh’s commitment to building lasting value for Nigeria remains unwavering.
In his address, he cautioned young entrepreneurs against being lured by the allure of quick wealth or influenced by individuals he termed “respected but corrupt,” who act against the country’s best interests. “True patriotism lies in building systems that serve Nigeria’s long-term prosperity, not individual gain,” he stressed.
The Rise of Nigeria’s Digital Economy
Ekeh also underscored Nigeria’s burgeoning digital footprint, noting that the country’s digital economy, which was virtually non-existent in the 1990s, now contributes nearly 20 percent to its GDP. This growth is supported by a staggering 163 million internet users and a fintech sector that processed an impressive N611 trillion in 2023.
Empowering Women in Technology
In a bid to further amplify his impact, Ekeh announced an ambitious plan to train 10,000 female tech professionals over the next five years. “We’ve already graduated 400 women this year. Empowering women in tech is essential to closing the gender gap,” he asserted.
A Call to Action for the Next Generation
Ekeh concluded his address with a powerful call to action for the upcoming generation of entrepreneurs. “The future belongs to those who prepare for it. Build systems. Build people. And build a country you can be proud of.” His message serves as a reminder that the true pathway to national development lies in collective effort, vision, and purpose, steering away from the pitfalls of short-term gain.