I will be speaking with BBC Focus on Africa this week. It is going to be a conversation on economic systems and indigenous frameworks to advance the prosperity of nations. I have put some postulations on the necessity for Nigeria (and Africa) to look inwards to invent and refine new economic architectures because anything out there could be out of phase to our current needs. Yes, technology continues to bring new perturbations in market systems, requiring nations to innovate to drive shared prosperity.
As most of our members in Tekedia Mini-MBA already know, I am a big believer that models are extremely catalytic for economic advancements. Yes, like in business, the business model you commit to execute could determine how far you can go.
Take Microsoft as an example, the difference between that $1.86 trillion business of today and Steve Ballmer’s era of sub-$400 billion market cap was largely Satya Nadella (Microsoft CEO) bringing new models, on largely the same products and services. Yes, a new model turned a sub-$400 billon business into $1.86T in less than seven years!
Nations can have the same impact and that is why I push for Nigeria to look deeper on its model because if you have the wrong models, you will struggle to effectively utilize your factors of production and broad citizenry resources.
Click to join Tekedia Capital Syndicate and build Next Africa with a minimum of $10,000 co-investment in startups.