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The Global Ascendance of Nigeria’s Creative Powerhouses: Mr Eazi, DJ Cuppy, and Jide Awobona

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This article explores the remarkable achievements of three Nigerian creatives—Mr Eazi, DJ Cuppy, and Jide Awobona—whose global exploits signal the coming of age for Nigerian music and film on the world stage. 

First, beyond the spotlight of the Basketball Africa League (BAL) finals, Mr Eazi, born Oluwatosin Oluwole Ajibade, ventured into Rwanda to explore new opportunities for his Choplife Gaming Company. He visited several companies to discuss potential partnerships aimed at expanding his entrepreneurial ventures, especially focusing on empowering African youth and fostering growth in the creative industry. Additionally, Mr Eazi engaged with the education sector to explore potential collaborations through his Choplife Foundation, demonstrating his dedication to supporting deserving students in the region with resources and opportunities. 

Mr Eazi is a Nigerian-Bajan singer, songwriter, and pioneer of Banku music—a fusion of Ghanaian highlife and Nigerian chord progressions. A true embodiment of personal development, Mr Eazi recently graduated from Harvard University, furthering his impressive career as the CEO of Empawa Music while planning a private wedding with his fiancée, Temi Otedola.  

Talking about Otedola takes us to the second creative, i.e. Florence Otedola aka DJ Cuppy. On the global stage, Florence Otedola, popularly known as DJ Cuppy, continues to break barriers. Recently, she became the first British-Nigerian to host an opening session at the United Nations General Assembly (UNGA), anchoring the “Youth Action Day” session. As a superstar DJ, philanthropist, and founder of the Cuppy Foundation, she continues to inspire with her blend of talent, influence, and humanitarian work. 

Third, and finally, Nigerian actor Jide Awobona has also been making waves on the international film scene. Shooting scenes for his latest film in the UK, Awobona described the experience as “beautiful,” highlighting how Nigerian cinema is gaining international attention. With nearly one million followers on social media, Awobona continues to expand his reach as a prominent figure in Nollywood, showcasing the depth and talent of Nigeria’s film industry. 

Together, these creatives reflect the global rise of Nigeria’s influence in the worlds of music, film, and entertainment, reinforcing the country’s position as a hub of creativity and cultural significance.

Relevant links:
 
https://thenationonlineng.net/mr-eazi-explores-business-education-collaborations-in-rwanda/
 
https://www.pulse.com.gh/entertainment/celebrities/mr-eazi-graduates-from-harvard-university/pbselmp
 
https://www.bbc.co.uk/news/articles/cg78r5mrkvdo
 
https://www.bbc.co.uk/news/articles/cg78044yrmno
 
https://www.thisdaylive.com/index.php/2024/09/23/florence-otedola-makes-history-as-first-british-nigerian-to-host-ungas-opening-session/

Agriculture Was Nigeria’s Largest Employer in 2023, Engaged Over 25M Workers

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Nigeria’s agriculture sector continues to be the largest employer in 2023, engaging over 25 million individuals in farming, forestry, and fishing activities. According to the latest report by the National Bureau of Statistics (NBS), agriculture remains the backbone of the Nigerian workforce, accounting for 30.1% of the country’s total employment.

The NBS data indicates that 25,341,219 individuals are actively employed in the agriculture sector, which surpasses the wholesale and retail trade sector, Nigeria’s second-largest employer. The trade sector employs 23,133,193 people, representing 27.5% of the workforce.

This latest figure underlines the importance of agriculture in filling Nigeria’s unemployment gap, especially in rural communities where access to other employment opportunities remains limited.

Gender Distribution in Nigeria’s Workforce

The report further reveals significant gender disparities across different sectors. In agriculture, men dominate the workforce, comprising 63.8% of those employed, while women make up 36.2%. This gender imbalance is even more pronounced in other sectors such as transportation and storage, where a staggering 98.7% of workers are male, compared to just 1.3% female. The construction industry mirrors this trend, with 97.9% male and only 2.1% female workers.

Conversely, the wholesale and retail trade sector shows a more balanced gender distribution, with women constituting 67.5% of the workforce, compared to 32.5% for men.

Regional differences in employment patterns are also highlighted in the NBS report. Urban areas demonstrate higher employment rates in sectors such as information and communication (89.5%), financial and insurance activities (88.6%), and professional, scientific, and technical activities (87.7%). These urban-centric sectors benefit from better infrastructure, access to technology, and educational opportunities, which attract a more diverse workforce.

In contrast, rural areas continue to dominate in agriculture, forestry, and fishing, with 68.7% of the rural workforce engaged in these activities. This rural focus on agriculture underscores the sector’s critical role in sustaining rural economies, where industrial and service sector opportunities are often limited.

Unemployment Trends in 2023

Agriculture’s role as a major employer indicates a growing embrace of farming as a means of employment by Nigerians, especially as the unemployment crisis persists in the country. The country’s overall unemployment rate in 2023 was reported at 5.4%, with notable gender disparities: unemployment was higher among women at 6.0% compared to 4.7% for men.

Several Nigerian states reported high unemployment rates in 2023, with Abia State recording the highest at 18.7%, followed by the Federal Capital Territory (FCT) at 14.1%, and Rivers State at 13.4%. States such as Gombe, Imo, and Ogun also experienced notable unemployment rates, reflecting regional economic disparities and the impact of varying local policies and conditions.

The report also indicates that agriculture is a significant part of Nigerian household economics, with about 40.2 million households, or 70% of all households in the country, engaged in agriculture. Of these, 91% are involved in crop production, while around 48% are involved in livestock farming, highlighting the diverse nature of agricultural activities across the nation.

On average, Nigerian farming households cultivate 3.3 plots of land. There is, however, significant regional variation: Ebonyi State boasts the largest average farm size at 5.9 plots, while Lagos State has the smallest at 1.9 plots, reflecting differences in land availability, urbanization pressures, and farming practices across the country.

Agriculture As Means of Employment: Nigeria vs. Developed Nations

Nigeria’s agricultural sector employs a significantly larger portion of the population compared to developed countries. In the United States, only about 2% of the total population is involved in agriculture, while in Europe, the figure is around 4.5%. This stark contrast underscores the centrality of agriculture in Nigeria’s economy, where it serves as both a safety net and a primary livelihood for millions.

Although other sectors have recorded notable growth recently, agriculture remains the backbone of Nigeria’s workforce, deeply intertwined with the country’s socio-economic fabric. The sector’s dominance underlines broader structural and economic realities, including limited industrialization, persistent rural-urban divides, and the enduring reliance on agriculture as a primary source of income for millions.

Cardano (ADA) and Tron (TRX) Wobble as Fierce Rival Rexas Finance (RXS) Takes Away Whales Interest

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As Cardano (ADA) and Tron (TRX) struggle to grab investor interest, there is a new set of rivalry in the cryptocurrency market. Despite having strong foundations, both projects have had trouble surpassing crucial price points, which has worried whale investors. Whales seem to be refocusing on new prospects in the quick-growing real-world asset (RWA) tokenization space as Rexas Finance (RXS) presales sell off at an alarming pace. This could lead to further declines for ADA and TRX.

Cardano and Tron Face Mounting Whales Pressure

Two of the most well-known projects in the cryptocurrency sector are currently facing major difficulties: Cardano and Tron. Cardano’s ADA at this writing is $0.34. Rising sell-offs by large holders known as Whales are causing analysts to project a possible 20% price drop. The coin has battled to surpass its $0.39 resistance point. Cardano has a strong technological basis with an emphasis on scalability and smart contracts, but the market is still gloomy since it is consolidating in a limited price range.Meanwhile, Tron has experienced a continuous drop in network activity since the SunPump memecoin was introduced. Despite a sharp increase in users and transactions on the blockchain last month, daily activity has slowed, and TRX’s price has found it difficult to gain traction. TRX has struggled to build on its previous gains at $0.15, and the recent drop in open interest indicates that whales may be losing faith in the market. Tron’s short-term future appears uncertain as decentralized application (dApp) volumes decline and important metrics like daily active addresses decline.

Rexas Finance Gains Traction as Cardano and Tron Lose Ground

Rexas Finance (RXS) is becoming a formidable rival, drawing the interest of whale investors in particular, while Cardano and Tron are having difficulties. Rexas Finance specializes in the tokenization of physical assets, enabling users to make blockchain investments in commodities, real estate, and artwork. Investors looking for more dependable and sustainable opportunities are showing a great deal of interest in this move away from speculative coins like ADA and TRX and toward projects with practical applications.

Rexas Finance enters the $280 trillion worldwide RWA market, a sizable industry that is ready for blockchain upheaval. Rexas Finance makes it easy for investors to access markets that were previously illiquid by offering fractional ownership of real assets. The Rexas Launchpad, a decentralized platform that enables startups to raise capital and launch tokens securely, and the QuickMint bot, which streamlines the token creation process, are just two of the many features offered by the platform that add to its allure. With these creative answers, Rexas Finance is positioned to disrupt the cryptocurrency market and outperform more established but unchanging projects like Cardano and Tron.

How to Join the Rexas Finance Stage 3 Presale

The first two stages of the Rexas Finance presale sold out fast because of the strong demand from institutional and retail investors. It has been an enormous success. The presale price for each RXS token is currently set at $0.050 for the third stage, and it will increase to $0.060 for the subsequent stage. With a predicted listing price of $0.20, early investors have a special chance to profit, with potential returns of up to 6x for those who take part in the presale now.Investors who are interested in participating in the presale should visit the official Rexas Finance website and follow the registration and token purchase instructions. With more than 54% of the current presale stage already sold out, there is not much longer time to enter early. To further increase excitement about the project, Rexas Finance is also holding a $1 million giveaway in which 20 lucky winners will receive $50,000 USDT each.Rexas Finance presents a strong opportunity for investors seeking to diversify their holdings with a high-potential project that connects traditional assets and blockchain technology. The platform is a strong player in the cryptocurrency market thanks to its suite of potent tools, which includes the Rexas Token Builder and Rexas Treasury, a multi-chain yield optimizer.

Conclusion

The future of the RXS token appears brighter than ever as whale investors start to switch their attention from high-flying competitors like Rexas Finance to projects like Cardano and Tron. Rexas Finance is well-positioned to surpass its rivals and offer investors substantial returns thanks to a successful presale, cutting-edge features, and a focus on real-world assets. To make significant progress in the upcoming cryptocurrency revolution, one way to get involved could be by signing up for the Rexas Finance presale.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Google Complaints, and Why Google Cloud Is Behind Microsoft Azure

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Google cries for help over Microsoft’s cloud computing playbook: “Google has lodged an antitrust complaint with the European Commission, accusing Microsoft of employing unfair licensing contracts to suppress competition in the lucrative cloud-computing industry. According to Google’s allegations, it claims that Microsoft uses restrictive licensing terms to “lock in” clients and dominate the cloud market.”

Sure, Microsoft has an inherent advantage since it has been a B2B (business focused company) than Google which  has largely been a B2C (consumer focused company), and that positioning has been the reason why Microsoft has sustained its second position, behind Amazon AWS in the global cloud market.

Amazon AWS has the edge on nascent startups while Microsoft Azure has pushed hard into the enterprise world, cross-selling solutions with customers it already sells Microsoft Server. Microsoft Office, etc. But for Google, it has not done well in the startup world for cloud. And most importantly, it does not have the contacts of enterprise companies at the scale Microsoft does. So, looking at it, Google Cloud, despite its amazing technologies, has a distribution challenge which must be solved. 

Windows is the operating system of the enterprise world, and when you deviate at scale from it, you have to pay small “taxes” because it is nearly impossible for any decent company to operate without Microsoft, but you can live without Google, just like citizens cannot live without Google even though you can do personal stuffs without Microsoft! Google wants to change the equilibrium at the enterprise level with this complaint.

Unfortunately for Google, this may be challenging because what it is complaining about is marginal, and there are no visible defensible victims. Who cares if it costs Dangote Cement, Citi Bank, Nvidia, etc more? The government typically comes out fast when THE PEOPLE are involved, and was why Google was in the crosshairs when it paid Apple to keep its search dominance even though it won the global search business via innovation.

That said, I wish Google luck on this case.

Google Files Antitrust Complaint Against Microsoft Over Cloud Computing Practices

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Google has lodged an antitrust complaint with the European Commission, accusing Microsoft of employing unfair licensing contracts to suppress competition in the lucrative cloud-computing industry.

According to Google’s allegations, it claims that Microsoft uses restrictive licensing terms to “lock in” clients and dominate the cloud market.

The tech giant claims that Microsoft’s widely-used products, including Windows Server and Microsoft Office, create obstacles for clients, making it challenging to utilize alternatives to Microsoft’s Azure cloud infrastructure. The complaint asserts that the limitations imposed by Microsoft’s cloud licensing prevent customers from easily migrating their workloads to competing cloud services, despite the absence of any technical barriers to doing so.

The complaint highlights that European businesses and public sector organizations have been subjected to licensing penalties amounting to up to 1 billion euros ($1.1 billion) annually due to the restrictions imposed on their ability to switch cloud providers, citing a 2023 study by CISPE, a trade body for the cloud sector.

Google’s antitrust complaint follows a July settlement between CISPE and Microsoft, where the tech giant agreed to implement changes to address competition concerns. In response, Microsoft expressed confidence that the European Commission would dismiss Google’s complaint, arguing that it had resolved similar concerns amicably. In a summary of its complaint, Google claimed that Microsoft’s actions not only stifled competition but also jeopardized cybersecurity and innovation.

It argued that companies using Microsoft’s Office suite on competing platforms like Google Cloud Platform effectively incur a “tax” in the form of steep licensing fees to Microsoft. Furthermore, Google referenced a study by the U.K. Competition and Markets Authority, indicating that Microsoft captured over 60% to 70% of new British businesses in 2021 and 2022.

Amit Zavery, head of platform at Google Cloud, stated that Google firmly believes Microsoft is violating EU antitrust rules and emphasized the need for a vibrant and open cloud market that includes various providers, including European vendors. He noted that Microsoft’s restrictions hinder customer choice and expressed hope that changes to Microsoft’s licensing terms would benefit both Google and the broader cloud customer base.

In his words,

“We would like the cloud market to remain and become very vibrant and open for all the providers including European vendors, vendors like us, AWS and others. Today the restrictions does not allow choice for customers. So we would want those restrictions to be removed and allow customers to have and choose whatever cloud provider they think is best for them commercially and technically.”

Microsoft, for its part, has denied that its cloud practices harm competition, asserting that the cloud services market is functioning effectively, following a study initiated by the U.K. Competition and Markets Authority.