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Osun Decided: Power belongs to the people

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It is in rare cases that a sitting governor or a sitting political office holder will lose a reelection bid in Nigeria. It is more shocking to know that the sitting governor of Osun state is a member of the political party occupying the federal government. 

The power of incumbency and the federal might was not able to deliver the re-election bid of Governor Oyetola Adegboyega as he lost the Osun state governor election which would have ushered him into his second term in office to his PDP counterpart, Senator Ademola Adeleke. This points to the fact that power belongs to the people and anybody placed on a political seat is placed there by the mandate of the people and the people can decide to snatch back the power whenever they want or whenever they are no longer pleased with the occupier of the office.

What happened in Osun state yesterday is a wake-up call for every current/ sitting politically elected office holder in Nigeria who have the desire to get reelected back to power, to bear in mind that he or she is on that seat of power through the mandate of the electorates and they can decide to take it back from the occupier whenever they want to. Sitting governors who are currently serving their first terms, sitting legislatures; both state and federal legislators who desire to be re-elected back into their seats should all bear in mind that the Nigerian electorates are tired of re-electing and recycling bad leaders, they desire positive change, especially the youth want to elect those who they are sure will be subjected to the electorate and those who they can always be called to order. 

The power of incumbency or the federal might will no longer be the order of the day in Nigeria. Vote buying and intimidation of voters will no longer outshine democracy and free and fair elections in Nigeria. Nigerians have had enough and they are ready to take their destinies into their hands.

It is highly commendable that electorates and voters in Osun state were openly rejecting money offered to them by party agents to buy their votes and they categorically said no to “vote buying”, those who came out to vote stood their ground against rigging and intimidation. 

It will keep getting better and Nigeria will attain Eureka in our time. 

Congrats Governor-elect of Osun State – Youth Now 2-0

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Let me quickly congratulate the governor-elect of Osun State, Ademola Adeleke (PDP): “having satisfied the requirement of the law is hereby declared the winner and he is returned elected,” INEC Chief Returning Officer for Osun, Oluwatoyin Ogundipe. I also commend the good people of Osun State and the young people across Nigeria. Just like in Ekiti State where the youth chose the APC candidate, their wills are now 2-0. People, this is not about the party, this is about the candidate.

As I have written here, if we break information asymmetry with mobile internet, anyone can win. Yes, the 2023 election is OPEN because new structures are being built – youth mobilize online and then tell their parents to support their candidates.

The Governor-elect should reach out to Governor Babagana Zulum of Borno (I admire him) and ask for tips; Governor Soludo of Anambra is also there for a chat. Mr. Adeleke needs to succeed because his people brought this ascension.

I belong to ALL PARTIES in Nigeria but I choose none. For me, it is “May the best Candidate Win”!

Comment on Social Media Feed

Comment: Not all people can win irrespective of Technology!

The USA has more technology than us and the presidential election has always been between the two major political parties.

My Response: That is a wrong comparison. US elections are idea-based and ideological. You know where Biden stands for life. In other words, a Republican is known for what he stands for. A democrat, the same. In Nigeria, we are not there – everyone in APC today was in the past somewhere else, less than a decade ago. So, do not compare both countries since a man who won in APC in the past can come and win in PDP today and move back to APC (check senators in Anambra state). In the US, that is IMPOSSIBLE. With that system in Nigeria, parties are not known for anything but a group of people. In US, Democrats are pro-choice, pro-tax, pro-climate, etc; Republicans are pro-life, etc.

Because those have been established, small parties have NO ROOM to provide something new except to go extreme.

Comment: You are very wrong Ndubuisi Ekekwe. Adeleke won because of the structure of Pdp on the ground not because the youths via socialmedia. Nigerian politics is not like Swedish or Irish elections where ideologies win. Its about stomach infrastructure and money. Yesterday Billions of Naira was spent to share money for so many things starting from the ward chairmen to the poling booth agents, to the security to watch the ballot boxes to the State representatives and finally the voters. Adeleke would never have gotten this kind of financial support to pull this off without a party like Pdp who could handle most of these things in his favour financially.

You have no idea what Buhari has done to the masses and how hunger would change a person’s mind to vote. Yesterday APC was paying N5,000 per Voter and Pdp had to match them or pay higher to sway votes. Both parties were using different financial formats to induce voters on election day and it was free for all. You think if APC offered N5 000 per Voter and Pdp was preaching love, equity & good governance, Adeleke would have been governor today? Why didn’t Adeleke join KOWA, Accord Party, Labour or ADC to pursue his Governorship ambition and see if APC won’t have wiped the floor with him?

My Response: Check the Youth participation in the last election for Osun. It was less than 20%. This one, he hit close to 40%. I am a data guy. PDP had structure. APC as the ruling party has stricture. Without those Youth outperforming 4 years ago, he would have lost.

Nigerian Presidency is Wide Open As Mobile Internet Could Disintermediate Old Political Structures

Moove Secures $20m From Absa to Expand Operation

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The mobility sector of the African fintech industry is creating a huge market that investors can’t resist. From Nigeria to Kenya, Egypt and South Africa, mobility startups are increasingly raking in millions of dollars in investment funds.

In 2021, ride-hailing & taxis generated some 3.1 billion dollars in revenue, while car rentals generated roughly 1.4 billion dollars, per Satista. The industry is projected to generate more than four billion dollars in revenue by 2026.

With its untapped market, more startups are springing up and investors are betting huge sums on them. The latest among them is Moove.

The world’s first mobility fintech, has secured R300 million (US$20 million) in financing from Absa Corporate and Investment Banking (CIB). This comes a few weeks after the company also secured $20 million from BII, bringing its total funding to-date to over $200 million since its launch in 2020.

The startup’s latest funding will be used for its South Africa operations to strengthen its expanding vehicle financing offering to more customers.

Launched in 2020 by Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership across Africa by providing mobility entrepreneurs access to revenue-based financing in markets with low access to credit. Using its alternative credit scoring technology, Moove provides vehicle financing to its customers to purchase brand new vehicles using a percentage of their weekly revenue. Having experienced overwhelming demand and exponential growth across its six sub-Saharan African markets, Moove-financed vehicles have completed over 5 million trips to date.

The mobility space in Africa is highly fragmented and informal, and the sector represents an opportunity in a continent where high unemployment is rife. According to Statistics South Africa, over a third of South Africans were reported as unemployed during the first quarter of 2022, reaching a record 35.3% in Q4 2021. Moove will continue to scale its revenue-based vehicle financing model in South Africa, creating more jobs for mobility entrepreneurs to earn a living and own their vehicle.

Moove’s CEO and Co-founder, Ladi Delano, says, “At Moove, we pride ourselves on being a mission-led company that empowers its customers to earn their way to asset ownership through a sustainable source of employment. In Absa, we’re delighted to have the funding which will enable us to serve more Africans looking for a path to economic prosperity.”

“For decades, they’ve transformed the livelihoods of millions through access to financial services, making them an ideal partner for Moove to tackle this same mission in South Africa. With this new funding we’re strongly positioned to unlock new opportunities for mobility entrepreneurs across South Africa helping them generate income and ultimately driving the economy forward.”

Despite Africa’s status as the world’s fastest-growing continent, it has the lowest per capita car ownership rate, with over 1 billion Africans having limited or no access to vehicle financing. Moove has emerged as part of a new generation of African-born fintechs to lead the charge in the “mobility fintech” sector. This white space addresses the continent’s acute vehicle financing problem and empowers mobility entrepreneurs to become more productive and successful.

Morne Visagie, Head of Structured Asset Finance at Absa CIB says, “We are delighted to close this complex transaction with Moove, which has been an exciting journey over 18 months. This transaction enables the conventionally unbanked to gain access to finance, enjoy the benefits of their efforts and build a brighter future in a sustainable way”

Moove is Uber’s largest fleet vehicle supply partner in EMEA and has partnerships with several other mobility marketplaces, including Glovo, Swvl, Sendy, and Kobo360 across ride-hailing, trucking & logistics, last-mile delivery and mass transit. Since its initial launch in 2020, Moove has rapidly expanded to 13 cities across three continents.

The Youth’s Amazing Playbook in Osun State

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It is too early as we wait for the final results in Osun state. But I want to commend the Nigerian youth. What an exceptional operational execution. Did you see the playbook? They picked someone they believe will anchor their future and they went into markets, communities, etc with loudspeakers and recruited their parents.

Who would you believe? Your son/daughter or one strange politician on whom to vote? That is how you win your future – devise a strategy that connects the power of mobile energy with get-out the votes and spread the vision. #respect to young people.

And did you see how they organized? They are not picking parties – they are picking candidates? If they like a PDP guy, they ask others to bulk-vote for that person. If they like an APC, the same happens.  What this means is simple: irrespective of your party, if you have good records, you will keep your job as they are not after parties.  It is too bad that our political science professors are on strike but this is amazing. In Osun, they connected the cyberspace and meatspace.

And did you see what happened in Sokoto today? That procession? #believe . We simply want the right person, irrespective of the party!

Comment on Social Media Feed

My Response to a comment: Actually, LP Youth endorsed the candidate for PDP Youth in Osun. They did not like the LP candidate in Osun and asked everyone to support PDP. As I noted, our political science professors are on strike. If not, they could have explained what is happening. I am an engineer and have no good understanding of this. But I can tell you this – look beyond party. If you see this as APC vs PDP vs LP, you will be tripped.

Comment: ….this made the south west a unique set of people in Nigeria Politics. No religion or Party sentiments. Since 1999, South west has produced Governors across different Political parties (AD, ANPP, PDP, APC and Labour Party) and religion lines. Yoruba tenet of ‘Omoluabi’ (Good Character) which reflect in their political activities must be emulated by other regions of the County to produce credible candidate in respective of Political or religion affiliations.

My Response:  It has nothing to do with tribe, I will say. If you are counting party, no single state in Nigeria has produced more governors from more parties than Imo State. They have PDP, APC, PPA, APGA. What is happening in SW is that it has become a huge lab with two of its 6 states outside the general election day (Ekiti and Osun); no other region has that.

Abians, Get Your PVCs and Vote in the 2023 Elections

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If you live in Abia State, I urge you to get your PVC before INEC concludes the issuance of new PVCs. The next Abia state election is very important. We must vote. The electoral umpire, INEC,  had extended the date for the registration process, and no one should expect INEC to extend it beyond the July 31st deadline. Many of us want Abia State to work and run better. We need growth in Aba, Umuahia, Ohafia, Bende, Isuikwuato, Ngwa, Arochukwu, Ugwa, etc. We must vote smartly.

The elders of Abia state honoured me as the Abian of the year in diaspora. We have provided opportunities in Abia, building companies. We have invested in real estate and provided jobs in our state. But we can do more if we have more confidence that our state is growing.

I call all qualified ABIANS to get his or her PVC and on the election date, VOTE. I am speaking with some of the gubernatorial (governor) aspirants; many are great. And I want you to become engaged. Forget the party, vote for the best person to make the God’s Own State the paradise in the world. God bless Abia State.

Ndubuisi Ekekwe

2021 Most Outstanding Abia Professional in the Diaspora

2021 Abia Ambassador