Understanding Social Entrepreneurship

What is Social Entrepreneurship?upheavals have all contributed to turning this
Essentially, social entrepreneurs identify publicresource-rich nation of 148 million people into a
problems and apply business acumen to resolvelandscape of economic malfunction and some of
them. Instead of using a venture solely to make athe worst human development indicators for the
profit, they aim at simultaneously impacting aentire African continent. The return of democracy
society and regulating positive change. Theat the end of the last century and the installation
success of such an endeavour is, therefore,of progressive policies have started the process
measured not just on the basis of balance sheets,of redirected growth through more sustainable
but on the effect it has had on a community.means. Today, Nigeria is seen as having stepped
Social entrepreneurship demands the sameback from the abyss of economic and social
confidence, motivation and innovation as anydisaster and on the brink of a resurgence
other business, but in a manner that prioritisesprojected to take the second largest economy in
social development and the simultaneous creationAfrica to the top twenty economies of the world
of social and economic values. Hence, more thanby 2020.
making a profit, it amounts to executing socialA host of Nigerian social entrepreneurs are
change by means of unique solutions that help aactively helping achieve this objective by alleviating
community overcome established obstacles.social ills and driving positive change through
By definition, most social entrepreneurs take oninnovative solutions.
problems that are ideally in the domain ofDurojaiye Isaac instituted DMT Mobile Toilets in
government concern. Instead of waiting aroundLagos in 1999, an organization that strives to
for problems to be solved or brushing them undermake a difference to the economic and
the carpet as many governments and societiesenvironmental health of Nigeria. His social
are wont to do, they see them as opportunitiesenterprise produces, hires out and maintains
to effect positive change. Social entrepreneurshipportable toilets, promoting sanitation and creating
is therefore all about combining a vision for ajob opportunities for hundreds of local youths. For
brighter future with the realization that, in order tohis innovative contributions, Isaac was awarded
achieve long-term goals, drastic effort andthe prestigious Schwab Foundation's Social
creative solutions are called for.Entrepreneur of the Year award for 2005.
Like any other business venture, socialJoachim Ezeji is the founder of Rural Africa Water
entrepreneurship programmes cannot be isolatedDevelopment Project (RAWDP), an ambitious
exercises. Most entrepreneurs, for instance,programme dedicated to improving access to
promote a non-profit organisation in the hope thatpotable water in remote Nigerian communities.
other individuals and agencies will move in toFounded in 2000, the project continues to train
support the cause and help multiply its benefitsnew members in an effort to develop community
across larger sections of society. The extent ofwater infrastructure across the tropical country.
success of such endeavours is often based onSince its inception, RAWDP has given millions of
the amount of collaboration and grassrootsNigerians access to clean drinking water.
involvement they are able to generate.Ada Onyejike launched the Girl Child Art
Furthermore, and just like business ventures,Foundation (GCAF) which promotes education and
social entrepreneurship projects depend on somesocial change by empowering young women
degree of risk-taking. Only, in this case, the risk isthrough performance arts and creative writing.
not limited to financial security but involves socialThis pioneering enterprise focuses on issues like
activism and passion. In this context, socialchild marriage, trafficking and polygamy through
entrepreneurship activities may appear to beart, music and dance in and effort to engineer
incredibly perilous, but the risks pay off manyprogressive change in Nigerian society. Beginning
times more in terms of their benefits to society.as a small volunteer operation in 2000, Onyejike's
The Impact on Societyfoundation currently reaches thousands of women
Social entrepreneurship is as important for ain the age group 8-25 in hundreds of communities
growing society as business entrepreneurship isacross the country.
for a developing economy. They are both criticalCletus Olebune operates an outfit that tells the
for sustainable development and acceleratedworld about events occurring in Africa in an effort
inclusive growth.to boost tourism and open up the continent to
The significance of their impact on societies canthe world. This passionate social entrepreneur
be gauged from the contributions of someuses the power of the written word to help
eminent social entrepreneurs who are feted forNigerians in diverse aspects of their lives,
positively and permanently impacting our world. Inimparting knowledge and education to boost
19th Century United States, Susan B Anthony ledproductive engagements and improve the
the fight for women's suffrage and helpedcountry's standing in world rankings.
establish equal rights for them. In 20th CenturyGbenga Uriel Ogunjimi, a social entrepreneurship
India, Vinoba Bhave founded the Land Giftpioneer, works to promote employment
Movement that caused the redistribution of moreopportunities for Nigerian youths. He runs
than 700,000 acres of land to the country'sLandmark Internship International, which uses the
poorest. Italian physician Maria Montessori (1870 -Internet to connect with social enterprises around
1952) determined deficiencies in the earlythe world in need of local talent, as a means of
educational system and developed a newmeeting the nation's social and economic
approach that continues to be relevant across thechallenges.
world today. Before her, compatriot FlorenceRochas Okorocha is a rich entrepreneur. He
Nightingale helped establish the first school forestablished the Rochas Foundation which was
nurses and fought to improve hospital conditions.borne out of a simple commitment to help the
Birth control activist Margaret Sanger encouragedless privileged and poorest in the society. The
family planning around the world with her Plannedfoundation also focuses on breaking the cycle of
Parenthood Federation of America. These andpoverty so that children can become self
other social entrepreneurs have madesufficient, contributing members of their societies.
extraordinary contributions in shaping the modernThese are just a few examples of social
world.entrepreneurs and their impact on Nigeria's holistic
Examples of Nigerian Social Entrepreneurshipgrowth prospects. Besides generating
It is hardly surprising that social entrepreneurshipemployment, innovative goods and services and
has tremendous relevance for Nigeria, a countryfostering equitable growth in society, they help
of paradoxical economic realities, with booming oilgenerate the much needed social capital that is
revenues on one hand and decrepit poverty oncrucial for Nigeria's emergence as a worthwhile
the other. Civil strife, political turmoil and religiouseconomic powerhouse.