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Nigerian Senate And The Power of “Big Cars” for Open Gates and Doors

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In 2015, a friend drove me to a house in Maitama Abuja. When we got there, the gate man refused to open the gate. What was the problem? He responded that he could not allow the car – a fairly decent Honda Accord – to enter the compound, because it was a “small car”, based on the instructions from above. The compound was like a village square for political heavyweights, and a senator had invited me to speak on the procurement anti-corruption tool which I had suggested for the nation.

Watch this video for that tool which I had written in the past until I realized that I got it all wrong: how do you expect them to block leakages and score own-goals?

Pillar 1 – Anti-Corruption & Business Reform: We will build a corruption-free nation where it would be extremely impossible to perpetuate corruption because technology will make things obviously transparent. All government systems must be structured to be corruption-resilient so that people that want to perpetuate corruption will fail. We will publish any government expense that is more than N10 million in a web diary which all citizens will have access to. This applies to all levels in the federal government, from ministries to agencies. For national security reasons, a segment will be available to the civil society and accredited press team. Our government will improve business systems and make doing business in our nation easier.

My thesis remains that EFCC is spending so much time prosecuting corruption where it could put 25% of the efforts to prevent corruption, and still have better outcomes. You can cut public procurement corruption in Nigeria by 90% if we digitize and have more corruption-resilient workflows.

Back to the small car, we had to disembark outside the gate. Good enough, he allowed us to walk in when I authenticated the invitation. A week later, my friend – a CEO of an oil servicing company – drove me with a G Wagon and the gate opened one-time. With that experience, I got the message: cars open doors in Nigeria. And if you do not have a big one, you may not be lucky. That is why the Nigerian Senate has been upgrading since ages now. Yes, more cars for the senators!

Money voted for vehicles by the Senate: 

2011- David Mark = N3.5 billion;

2015- Bukola Saraki = N4.7 billion     

2019- Ahmad Lawal = N5.5 billion     

2023- Akpabio = N40 billion.    

With these bigs cars, all gates will open – and they can serve you well. Lol

(On the tool, many liked it but some said it was “dangerous”. Since I did not go to be awarded any contract, I did not know what happened to it. I simply offered my time to explain a new thesis of preventing corruption, over too much fixation on fighting it.)

Comment on Feed

Comment 1: Sir, this is a Nigerian mentality unfortunately, the same in business circles. Not really about the government spending. Again a people make those who govern them, the same mental thread runs through every fabric of the society. Packaging!

My Response: That is the word “Packaging” which means in physics “optical illusion”

Resume Tips for Experienced Professionals Changing Career Paths

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One of the most daunting parts of changing career paths after ten years or more experience in one career is getting the first offer. It doesn’t matter if the offer you are seeking is within the firm where you work or another firm. You must convince the employer that your decade of experience in a different career would be an added value, not an obstacle in your new career path.

And it begins with what you say in your resume and how you say it.

Start with a Strong Objective Statement

Your objective statement is the first thing potential employers will read on your resume. It should convey your intention to change careers and highlight the skills and experiences you’ve gained over the years that make you a strong candidate for the new role. Focus on how your skills can be transferable and valuable in the new career.

For example, if you are an accountant trying to make an entry into Data Analysis and Business Intelligence. You don’t want to say, “I am an accountant with over ten years of experience in this sector.” Instead, you probably want to say something else like, “I have accumulated over ten years of expertise in financial management and analysis.”

Is the second statement true? Yes, it is. Remember, it is about putting your strong foot forward. So instead of saying you are an accountant, when you know you are trying to leave that career path, you then emphasize the skillset – financial management and analysis – which you know will be relevant to a career in Data Analysis.

Emphasize Transferable Skills

Highlight transferable skills that are relevant to the new field. Even if your previous experience seems unrelated, skills like project management, communication, problem-solving, and leadership are often universally valuable. If these are skills that you have exhibited in your previous role, tailor your resume to emphasize these skills and how they apply to the new career.

Showcase Relevant Achievements

While your previous career might not align with your new goals, there are likely accomplishments that can be adapted to fit the narrative of your career change. Quantify these achievements whenever possible and emphasize how they demonstrate your ability to excel in different environments. If, in your previous role, you led a team of five to hit a significant milestone for the company, that achievement can be showcased in a way that you are a goal-getter and can lead a team to new milestones.

Address Skill Gaps

You don’t want to gloss over what the employer might consider relevant skills for the new role just because you do not have them. Instead, be transparent about any skill gaps and how you plan to fill them. Include any relevant courses, certifications, or ongoing education that shows your commitment to gaining the necessary knowledge for the new career. This can reassure employers that you are actively addressing your knowledge gaps.

Seek out introductions within your network

Consider telling people within your network about your intentions to switch career paths and how you are already upgrading your skills. They can put in a good word for you. Importantly, they also know how you have excelled in your current path and the soft skills you have honed over time. If you speak to persons already within the industry you want to enter, they can provide valuable insights and help you frame your experiences and qualifications effectively for your new direction.

Conclusion

A one-size-fits-all approach to resumes doesn’t work when changing careers. So, when changing careers, you will discover that what worked for your last role may not work for the new one. Changing career paths after a decade or more is a significant step, but it’s entirely possible with a well-crafted resume.

You may also find other resume tips online about font size, types, designs, and resume customization to fit the role.

Turning Journal Articles into Startup Businesses in Africa

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In the realm of academic research, scholars across various disciplines strive to explore and understand the complexities of the world. They delve into social sciences, natural sciences, engineering, medicine, and more to uncover solutions to the problems and needs that society faces. However, their findings are often confined to the realm of academia, primarily residing within the pages of journals and books. While this knowledge is invaluable within academic circles, there is a growing need to bridge the gap between the academic world and the business sector, particularly in Africa. This piece explores how journal articles can be transformed into startup businesses in Africa, catalyzing economic growth, innovation, and problem-solving in the continent.

The Rich World of Academic Research

Academic research forms the bedrock of innovation, progress, and development. It is a repository of knowledge, ideas, and discoveries across numerous fields. Researchers invest their time and expertise to examine critical issues, conduct experiments, and analyze data.

This wealth of information is vital for the development of societies and the enhancement of human well-being. Unfortunately, this treasure trove of knowledge often remains hidden in academic journals, accessible primarily to scholars and academics who are well-versed in the intricacies of academic language and culture.

The Disconnect between Academia and Business

Africa, like many other parts of the world, faces a glaring disconnect between academic research and its application in the business world. While academic research is laudable for its contributions to knowledge, it often falls short in delivering practical solutions that can directly address societal challenges. Business enterprises, on the other hand, are well-equipped to translate research findings into innovative products and services that can improve the lives of people. This disconnect is particularly problematic in Africa, where pressing issues such as healthcare, agriculture, and renewable energy demand innovative solutions.

Unlocking the Potential of Journal Articles

To bridge this divide, we must explore ways in which journal articles can be leveraged to catalyze startup businesses in Africa. Here are several key strategies to achieve this transformation:

Knowledge Translation: The first step in turning journal articles into startups is translating complex academic language into accessible and actionable information. This involves making research findings comprehensible to non-experts. Researchers can work alongside experts in fields like communication, marketing, and entrepreneurship to help distill their work into practical insights.
Identifying Market Potential: Entrepreneurs and business experts can collaborate with researchers to identify market opportunities for the knowledge contained in journal articles. This requires a deep understanding of the needs and challenges that exist in African societies.
Entrepreneurial Training: Researchers may need to undergo training in entrepreneurship and business development to effectively convert their findings into marketable products or services. These skills are crucial in navigating the challenges of starting and running a business.
Funding and Support: Governments, organizations, and investors can play a pivotal role by providing funding, mentorship, and resources to researchers looking to launch startups based on their research. Creating a supportive ecosystem for entrepreneurship is essential.
Collaboration and Networking: Building bridges between academia and the business world is critical. This can be achieved through collaborative events, conferences, and partnerships that foster relationships between researchers and entrepreneurs.

Case Studies: Turning Research into Reality

To illustrate the transformative potential of this approach, let’s explore a few hypothetical examples:

Healthcare Innovations: Suppose a researcher in a medical field has published an article on a novel diagnostic method for a prevalent disease in Africa. By working with entrepreneurs and healthcare professionals, this research could be used to develop affordable and accessible diagnostic tools, improving healthcare outcomes across the continent.
Agricultural Advancements: Africa faces numerous challenges in agriculture, from droughts to crop diseases. A researcher specializing in agriculture could partner with agribusiness experts to turn their findings on drought-resistant crops into a startup that offers improved seeds and sustainable farming practices to local farmers.

Renewable Energy Solutions: Research into renewable energy sources, such as solar or wind power, could be the foundation for a startup specializing in affordable and clean energy solutions. This could revolutionize energy access in remote areas and reduce the continent’s reliance on fossil fuels.

Africa is brimming with potential, and academic research can serve as a catalyst for positive change. By bridging the gap between the academic world and the business sector, the continent can harness the knowledge generated by its scholars to drive innovation, address pressing challenges, and fuel economic growth. The journey from journal articles to startups is not without its challenges, but the possibilities it holds for Africa’s development are immense. This transformation is not only feasible; it is imperative for the continent’s progress and prosperity.

China Accelerates Efforts to Substitute Western-made Tech With Homegrown Alternatives, Amid US’ High-Tech Export Restrictions

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China is accelerating efforts to substitute Western-made technology with homegrown solutions as the United States tightens restrictions on high-tech exports to its Chinese counterpart, according to reports by Reuters.

This revelation, based on government tenders, research documents, and insider sources, sheds light on a surge in domestic substitution initiatives since the preceding year.

The telecom and financial sectors are likely next in line for this technological transition, say insiders familiar with these industries. Additionally, state-backed researchers have identified digital payments as an area particularly susceptible to potential Western hacking, indicating a probable push to indigenize such technology.

Government tenders, military contracts, and projects undertaken by state-linked entities aimed at nationalizing equipment more than doubled from 119 to 235 in the twelve months following September 2022, per a finance ministry database accessed by Reuters. During the same period, the value of awarded projects in the database soared to 156.9 million yuan, marking a more than threefold increase from the previous year.

China allocated a staggering 1.4 trillion yuan ($191 billion) towards replacing foreign hardware and software in 2022, signifying a year-on-year surge of 16.2%, according to IT research firm First New Voice. Despite these efforts, analysts assert that China’s limited advanced chip-manufacturing capabilities may hinder the complete substitution of foreign products.

Kendra Schaefer, Head of Tech Policy Research at Beijing-based consultancy Trivium China, said “Previous domestic substitution efforts stalled because China did not have the ‘technical chops to pull off localization until now, and to a certain extent they still kind of don’t.”

To expedite the transition, state-owned enterprises (SOEs) received instructions last year to replace office software systems with domestic alternatives by 2027. This marked the first time specific deadlines were set, reportedly according to a September 2022 directive from China’s state asset regulator.

Recent domestic replacement projects have targeted particularly sensitive infrastructure, as indicated by tenders. For instance, one tender allocated 4.4 million yuan to replace equipment in an intelligence-gathering system for a specific government department in Gansu province.

Experts suggest that these initiatives could lead to a more secure technological landscape for China, although challenges persist. Despite Western tech companies sharing source code and partnering with Chinese firms in the past, some believe these measures may not suffice for China’s security needs.

The push for domestic substitution in China’s tech industry has already resulted in significant shifts. Huawei, a prominent Chinese tech conglomerate, has emerged as a frontrunner in this replacement cycle, recording a 30% increase in sales for its enterprise business in 2022.

China’s move to reduce its reliance on Western technology is in line with national security concerns and efforts to protect critical infrastructure from external threats. However, this shift has raised concerns among foreign businesses regarding procurement practices and competitive fairness.

While China’s push for domestic substitution does not appear to violate international agreements, it reflects a broader trend of countries seeking to bolster their domestic technology industries while reducing reliance on foreign suppliers.

The continuous push for technological self-sufficiency underscores significant shifts in the global tech industry. While foreign firms are still dominant suppliers for certain critical sectors like banking and telecoms, China’s ambitious endeavors are reshaping the landscape and challenging existing market dynamics.

“Knowledge – a factor of production” Will Begin Playing on Feb 5, Pick Your Ticket

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A new movie is coming within the Nollywood space. The title is “Knowledge – a factor of production”. Ndubuisi Ekekwe is the executive producer, working with dozens of experts in the field of strategy, innovation, technology, business growth, finance, business law and more. Knowledge will start playing from Feb 5, 2024 for 12 weeks. Ticket price  is N90,000 or $170 and there are many payment options available here.

The knowledge of a people is the wealth of a people. Tekedia Institute is the temple for the mastering of the mechanics of entrepreneurial capitalism and business systems in Africa.  We have got many NEW courses developed by our world-class faculty members.

Go into the future of markets with them. Be a Champion. Be an Innovator. Ascend into that New leadership position. We have got the tools to help you. But you need to come to the show.

We understand the physics of business, from mechanical advantage to scalable advantage, from velocity ratio to leverageable ratio, and more. This is the #best school; join us.

 “Knowledge” – directed by Ndubuisi Ekekwe.

Coming in academic theater on Feb 5, 2024 and exclusively available at Tekedia Mini-MBA portal. Pick your seat and co-learn with us.