Blessed with a large population of young, creative minds, Nigeria stands to gain a lot by encouraging the tech-savvy segments of the society to come together and form cooperatives to allow them to take control of their economic future and enjoy the benefits of their activities.
While creativity, innovation, and technological forces are engendering high-speed transformations in the business environment, they are also helping to highlight the need for adoption of the cooperative model in the tech industry. The model stimulates economic, social and human capital development within the communities where they are established. It emphasises the emergence of a new option that guarantees equality for the generation of stable jobs and prosperity in the tech startup ecosystem.
Tech cooperatives refer to worker-owned organisations that operate in the Information Technology industry to provide software development and consulting services that enable startups to thrive in the midst of the big tech companies. As such, members of the network use their collective experience, skills, resources and knowledge to radically increase the market share of companies that are owned and run by their workers. They have discovered that the cooperative model creates better workplaces, better digital products and better value for customers, thereby helping more people to enjoy the benefits of this model.
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