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Ronke Bankole's avatar

I want to be excited about this post but don't know how.

I used to be in love with GTBank and backed it up with a love letter but I kinda feel like there's nothing new in this origin story - you know, friends, schoolmates etc cofound businesses all the time. What I'm miffed about is the institutional barriers young people face in this country. These barriers ensure that mobility remains stagnant or at the mercy of your parents and their connections. Networks are good, but Mark didn't need his parents, Jobs didn't, Elizabeth Holmes certainly didn't.

I find it tiring that young people in Nigeria can't do anything ‘noteworthy’ outside their parents’ narrow network. Talents don't matter. Your talent is what your parents can afford you because opportunities are few and far in between. The creative industry clearly shows what could happen if talent is free to pursue opportunity without institutional barriers. Parental guidance is important but if you need your parents to nanny you for things you should be able to do on your own tells me you're not ready as a country and it's nothing worth celebrating.

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Oo's avatar

Though other commenters seem to see no big deal in this, I do.

Let us assume anyone connected could have started a bank in 1990 (they did). This is 33 years later, GTBank are not only existing, but thriving (albeit with wretched services).

How have they been able to do it? There is a big story to be told.

PS: Agbaje is also a Greg's Boy. So is Shola of Paystack.

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