Wennovation fosters Innovation and Collaboration in one of Nigeria’s biggest cities

Wennovation Hub, an accelerator and co-working space, had its Open Day in Ibadan, Nigeria on Friday, June 30.

Wennovation Hub which officially opened its Ibadan office in 2015, focuses on giving support and advice to entrepreneurs creating social impact in areas such as education, agriculture, healthcare and Infrastructure.

Oluwole Odetayo, Executive Director of Wennovation Hub, told Outrepreneurs that the Open Day was organised to create awareness for the services offered by the hub.

Group photograph of attendees at the Wennovation Open Day event

“The Open Day is to get more people to know about our services and give them the chance to use our co-working space free of charge for the open day,” he said.

“It is also about getting to know the kind of innovations that are being built in Ibadan. We offer 30 minutes of consulting service and they tell us what they are working on. It gives an insight into the kind of strength the ecosystem has.”

Attendees at the Wennovation Hub Open Day

He explained why the use of a co-working space is important for budding entrepreneurs and innovators.

“Co-working in itself is to foster serendipitous growth among innovators. Where people come together, there is always an explosion of ideas. People get to work and learn from each other and build relationships that can last a lifetime. That is what our co-working space has done till date.”

Odetayo added that the biggest funder of the activities of Wennovation Hub is a business and product development startup company he co-founded with Idris Bello, Damilola Agboola and Michael Oluwagbemi.

Another of Wennovation’s activities is Wenno Chat, a monthly seminar usually organized for users of the co-working space.

In the evening of the Open Day, the tax payer education team from Federal Inland Revenue Service, South Western region and a tax lawyer, Jamiu Akolade, from ACAS Law firm were invited to talk at the June edition of Wenno Chat.

Pics of participants at the monthly seminar, Wenno Chat, hosted by Wennovation Hub in Ibadan

K.O. Odunsi who led the FIRS team advised attendees not to see tax as a punishment from government, but a revenue system designed to foster development in the country.

K. O. Odunsi and Sola Eniola from Federal Inland Revenue Service, Ibadan

“Our vision is to deliver quality services to tax payers, in partnership with other stakeholders and make taxation the pivot of national development. As young entrepreneurs, you have a lot of opportunities and incentives that you can claim. If you pay a minimum tax, that tax that you pay will not affect your business,” he said.

While making his contribution, Akolade encouraged the audience to take advantage of the permissible deductions and allowances that the tax law creates. According to him, tax avoidance is not illegal, but tax evasion is criminal.

“You have a tax obligation and you know about it; you have either refused to pay, or you have fraudulently altered your  books to avoid payment. That becomes a criminal offence.”

Meanwhile, Olanrewaju Abidogun, a freelance software developer who attended the event and has been using the hub for six months, said the co-working space has really been useful to him in many ways.

Azeez , Abimbola, Amanah, Badmus Abbey and Mubarak (Students of the Ladoke Akintola University of Technology -LAUTECH)

His words: “Apart from the fact that there is internet and power for 12 hours, from 9am to 9pm, it provides me a platform to network with people and share ideas. As a freelance developer, I have clients whom I met in the hub. They refer people to me for jobs and I also work for them. It (Wennovation Hub) has given me the privilege to meet a lot of people whom I wouldn’t have met in the small corner of my room.”

Another attendee, Azeez Hussein a 300 level Urban and Regional Planning of the Ladoke Akintola University of Technology, Ogbomoso, Oyo State, said his plan is to create an online delivery system which will make drugs available for sick people. For him, coming to the hub has really added value to him.

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Deji Aroloye91 Posts

    a graduate of Linguistics and a staff writer at Outrepreneurs, Deji's forte includes tech, startups and innovations. Years back, Deji wrote on Entertainment and Lifestyle for a tabloid. If he wasn't a writer, Deji would be a photographer or teacher.


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