No less than 85 million current jobs will disappear by 2025 to be replaced by 97 million fresh ones through newly implemented technologies.
This was the major highlight of Talent Summit Africa powered by elev8 in Lagos.
The summit submitted that lifelong learning and digital skills remain the tools for strengthening the labor market.
Delivering the keynote address on the topic: “How digital transformation will secure a sustainable future for Africa” Vice President and CIO at Airtel Nigeria Oluwaseun Solanke, said Nigeria commenced the journey of digital transformation in Nigeria from when changed the Federal Ministry of Communications changed to Federal Ministry of Communications and Digital Economy with a mandate to develop and implement a harmonized and well-coordinated digital economy, policy and strategy.
He said: “To retain talent within a business, we need to evolve the necessary skills within the same post or job profile (upskilling) but the requirement has also emerged to go beyond and prepare a professional to develop technical skills required by a dynamic labor market (reskilling).”
The Country Director for elev8 Nigeria, Lars Johannisson, in his address, virtually said: “The discussion around growth and talent is intimately connected to two very important factors which are skilling and talent. Bringing talent and skilling together can scale both business and economy by bringing a larger portion of the population into this growing economy is a paramount imperative for all of the individuals working in the IT environments.”
According to the World Economic Forum, two out of every three employers will receive a return on investment within a year if they reskill their employees.
Other speakers at the summit were Wale Olokodana Director Microsoft Consulting Services – Middle East and Africa – Multi-Country Cluster Region; Bode Abifarin, COO Flutterwave; Bayo Adesanya, Chief Digital Officer for AXA Mansard Insurance Plc.; Yvonne Ige, CCO at AppZone.
The panelists who discussed ‘The Future of Jobs, The Implications and Role on People, Businesses, and Government’ were Ireayo Oladunjoye, Head Startups, LSETF; Emmanuel Abegunde, HRBP East & West Africa, NielsenIQ; Richard Rotoye, Group Managing Director, Creditville Group Limited; Obinna Ukonu, Country Digital and Technology Platform Director, Coca Cola; Emmanuel Mimshach Obioha, Country Manager, TeleSoftas; Nsikak John, Head, Enterprise Innovation Hub