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Meet you in the class – Overview of Tekedia Mini-MBA

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Meet you in the class – Africa’s finest school for the mastery of entrepreneurial capitalism. Overview of Tekedia Mini-MBA.

Welcome! We run an amazing business school which has attracted professionals and students from 41 countries. Our Faculty members come from Microsoft, Google, Shell, Flutterwave, Nigerian Breweries, Jobberman, Coca Cola, and other great organizations. Besides the pre-recorded courses, thrice weekly, I coordinate live Zoom sessions (Tue, Thur and Sat at 7pm WAT) on the mechanics of business systems with our Faculty and Guests, covering many industries and business domains.

  •  – Prof Ndubuisi Ekekwe, Tekedia Institute Lead Faculty.

The Supremacy of Business Model

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If you look deep into the market, Boards of companies do one critical thing: hire a CEO to lead a firm. And the CEO has to do another important thing: commit to a business model or business models, arising out of its business strategy framework. In other words, you hire a CEO to commit a company to a business model! And that makes the Business Model supreme for the success of a firm.

You can have the same product or service. But the business model you commit to can have catalytic impacts on your success. Do you adopt a subscription model? Do you follow pay and carry? Do you execute a freemium model? These are options that arise out of the strategy session.

Business model focuses on encapsulating the essence of the firm because it looks for how the firm will create value. The business model is the logic of the firm and when you commit to one, you have committed all the factors of production in that firm to a destiny. Never play with your business model.

They fired and replaced that CEO and within quarters, the loss-making company is making money. Why? The new CEO might have changed the business model while using the same staff and products. 

Business is a tool to execute a strategy. Strategy itself is all about the vision of the firm. A strategy is successful when the right tool (i.e. the business model) is chosen for it, and that comes through market validation.

Is your business model still  relevant? Has it expired because of the Internet? Attend Tekedia Mini-MBA; I will be teaching on business model, vision, mission and strategy on Thur and Saturday.

What Is Your Business Model?

The Mathematical Modeling of How to Waste Votes in Nigeria’s Elections

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Election is a key component in every democracy for selecting persons to serve in executive and legislative roles for effective public government. An autonomous electoral organization established by constitution primarily organizes this component. Stakeholders are expected to cooperate with the electoral body during the election cycle, including governmental and non-governmental organizations as well as individuals.

Nigeria has had a hybrid form of democratic and military rule, similar to other developing-world democracies. Before the nation’s restoration to democracy in 1999, the military served as the country’s president and administration for more than 30 years. Early in the 1960s, the nation mostly benefited from a democratic system of government.

The same held true for the 1970s and 1980s. During these years, the two- and multi-party systems were operated to varying degrees of success. Violence that followed the conclusion of the presidential elections in both years will not soon be forgotten by Nigerians who witnessed the political unrest that characterized general elections held in 1962 and 1983. Because their candidates and parties lost the elections, political parties and their supporters killed, set fire to homes and destroyed property.

However, the purpose of this essay is not to reacquaint Nigerians and their allies with the history of earlier electoral violence. It merely aims to educate students on what counts as a decided vote and a wasted vote from a quantitative and contextual standpoint. Over the years, the third-party candidate winning the electoral vote has been a surprising event in both industrialized and emerging democracies. This, for instance, has been based on the alliance and incumbency factors in Africa, where these characteristics typically gave the ruling party (the first party) and main opposition (the second party) the potential to win the most electoral votes.

The Swing and Block Votes

These are the two primary vote categories developed in response to the nature and characteristics of Nigeria’s elections since 1999. Between 2003 and 2019, the two modes were primarily crucial in how parties become the first party, second party, and third party. Voters tend to switch parties whenever they feel excluded or marginalized and discriminated because of religious identity. Due to the spread of our turn agenda throughout regions, the two types of votes have also been recorded. Political scientists and public affairs analysts, however, contend that politicians and candidates court swing voters when it is clear that they cannot effectively sway voters in a certain area or region due to a perception of low popularity and significance.  Votes from states with a sizable number of residents who registered to vote are referred to as “block votes” in the context of Nigeria. Politicians and their supporters typically work zealously to secure significant votes from states with the greatest voter turnout because winning elections depends on having a large number of voters. Kogi State is the state with the largest block of votes coming from the north-central region, according to an analysis of historical voting patterns and registered voters. For the northeast and northwest, respectively, there are the states of Borno and Kano. While Akwa-Ibom and Lagos have primarily delivered block votes from the south-south and south-west regions respectively. Imo State represents the south-east region.

The Decided and Wasted Votes

Politicians, candidates, and their followers contributed to the decided and wasted vote categories throughout the struggle for the two vote kinds, which ultimately determined which party finished first, second, and third after elections through heavy campaigning. Voters are naturally in dilemma about who to vote for based on conflicting messages and incentives distributed by candidates and parties. Because of this and the knowledge that his or her vote cannot be used to propel a party to the top, most voters enter the voting booth with conflicted mindsets. Political scientists note that decided votes have occurred when results are made public and it becomes clear that the party or candidate the voter selected won the election.  Votes that were cast in vain when the candidate lost have been noted. In this piece, it is called wasted votes.

Exhibit 1: Parties that received decided and wasted votes per election year

Source: Independent National Electoral Commission, 2015-2019; Infoprations Analysis, 2022

Due to the lack of third through tenth parties in 1999, there were only two parties that participated. Three parties competed in 2003, and the third party automatically represented the party that lost votes. Votes were squandered for a third party (ACN) and the same number of parties as in 2007. There were four political parties in 2011, and the third (ACN) and fourth (ANPP) garnered the most ineffective votes. The 2015 presidential election featured 14 political parties. 73 political parties ran candidates in the 2019 election. Our data reveals that multiple parties received wasted votes in 2015 and 2019. (see Exhibit 1).

Exhibit 2: Votes received by top Parties per election year

Source: Independent National Electoral Commission, 2015-2019; Infoprations Analysis, 2022

The People’s Democratic Party retained first party status from 1999 to 2011, which, according to an earlier definition of a decided vote, shows that the party has received more decided votes than other political parties since the nation’s restoration to democracy. When the newly created alliance political party, the All Progressives Congress, beat it in 2015 and 2019, this rank switched to second. APGA, Action Congress of Nigeria, the African People’s Alliance and the People’s Coalition Party received more wasted votes than other parties between 2003 and 2019. (see Exhibit 1).

Average Votes for Parties that received Decided and Wasted Votes

The 1999 presidential election’s lack of competitiveness was largely due to the small number of political parties who participated, as previously mentioned. 14,777,236 votes were cast on average for the two parties. As more political parties were formed and approved by the electoral authority in 2003, the average number of votes rose to 12,876,463. In 2007 and 2011, the average fell to 11,293,736 and 9,419,913, respectively. Significant decreases were found in 2015 (2,853,962) and 2019 (2,690,584), when 14 and 73 parties participated in the elections. In our analysis, a huge contrasting connection was found for the results received by the People’s Democratic Party and Alliance for Democracy-All People’s Party in 1999 with other election years (2003, 2007, 2011, 2015 and 2019). According to our analyst, this is largely due to none competitiveness of the election because two political parties participated in the election. Two political parties involved in the election because the country’s democracy remains nascent at the time.

Similar trends were seen in the outcomes obtained by the parties that participated in the elections in 2003 and 2011. Because four parties fielded candidates in the 2011 election, compared to three parties in the 2003 election, the contraction was noted. Therefore, electorate did not have many alternatives to choose from like what happened in 2015 and 2019, where the Independent National Electoral Commission registered more political parties in line with the new Electoral Acts and Regulations. According to our data, there was a 99.8% connection between the top 10 political parties’ 2019 and 2015 results, showing intense competition in the two elections.

Moving Average of Wasted Votes

Since it is obvious that voters often face a natural decision when casting their ballots, our analyst looks at the likelihood of wasted votes for the parties that were in third to tenth place in order to gauge how they compare to the parties in first and second place. A third-place party’s squandered votes were added to the votes it had actually obtained for the examination. With the inclusion of own votes and votes acquired by a party that was in fourth place, the third party is specifically shifted to second position. This strategy was used for all the parties that received wasted votes (see Exhibit 3). On average, wasted votes were high in 2003 (14,175,247), 2007 (9,234.147) and 2011 (9,086,388). In 2003 (14,175,247), 2007 (9,234.147) and 2011 (9,086,388) there were a lot of wasted, on average. Our data shows that the number of voters who voted for third to tenth parties dramatically decreased in 2015, from over 9 million recorded in the previous elections to 1,554,060 and then slightly increased in 2019, to 1,665,365.

Exhibit 3: Movement of Parties from Lowest to Highest Positions Using Received and Wasted Votes

Source: Independent National Electoral Commission, 2015-2019; Infoprations Analysis, 2022

Weighted Analysis and Predicted Wasted Votes

Further analysis indicates that the more the first through the tenth parties received decided votes the more votes were equally wasted. In 2015, one decided vote led to over 70 wasted votes. This was increased by 5 votes in 2019. Overall, our weighted analysis reveals that 55.9% of decided votes were accounted for in the wasted votes. It was 62.5% for the 2019 presidential election. These suggest that voting parties that have high propensity of unlocking the natural dilemma of making appropriate decision should be always considered by the electorate. From all the analyses, it is clearly shown that third through tenth parties hardly close to the second and first parties despite the number of votes they received (after adding received and wasted votes). Therefore, it makes sense for voters to concentrate on elevating the second party to the top spot. This, however, can only occur as anticipated when the electoral body and other political institution actors play the game of registering parties and running campaigns in accordance with international best practices and constitutional provisions.

EU Pledges 600 Million Euros To Mitigate Food Crisis In Africa

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Due to the impact of the Russian-Ukraine war that negatively affected the African region, being the worst hit of the war. The EU has stepped in to help alleviate the plight of the people in the African region by pledging 600 million Euros to help vulnerable nations suffering from shortage of food.

The funds include €150 million in humanitarian assistance for African, Pacific and Caribbean nations and €350 million to boost sustainable food production in the long term.

The European Commission Chief Urusla Vin Der Leyen disclosed that due to Russia’s refusal to export grains, they had to step in to mitigate the food crisis and economic shock in the African region.

It is a known fact that Russia and Ukraine are the highest exporters of grain, exporting nearly a third of the world’s wheat and barley. This war has however prevented about 20 million tonnes of Ukrainian grain from getting to the middle east, North Africa and parts of Asia.

With the Russian-Ukraine war still ongoing, the United Nations Food and Agriculture Organization (FAO) has projected that up to 181 million people in 41 countries could face a food crisis or worse level of hunger this year.

The EU has described Russia’s export blockade as a “real war crime”, warning that the country will be held responsible for the food crisis in the African region, if it keeps on stopping its exports.

The Kremlin has however disputed the claim that they are responsible for the food crisis in Africa and other regions. They pointed fingers at the EU, claiming that the rise in food prices, and shortage of food in the middle east and Africa was caused due to sanctions by the bloc imposed on Russia.

Due to the adverse effect of the food crisis on the African Region, African union (AU) leader Macky Sall has disclosed to EU leaders his intentions to call the Russian President Vladimir Putin, to discuss food security.

Some analysts have described Russia’s blockade of grains as an attempt to deliberately create hunger in the world. They further disclosed that Russia’s attempt to blame Western sanctions was just propaganda.

Despite these allegations on Russia, most of these African countries have restrained themselves from making rash comments to condemn Russia’s invasion of Ukraine, which saw 17 African countries abstain from voting against Russia at the UN General Assembly.

They understand that decisions made at the General Assembly are non-binding, but they have political weight which can jeopardize their country’s relationship with Russia.

The AU president Macky Sall has maintained his stance that Africa will not be quick to condemn Russia’s action, as they are committed to respecting the rules of international law.

It is quite pitiable that the African region has subjected themselves to always be at the mercy of European countries. The region has been ravaged by corrupt leaders who do nothing to improve their countries economy, rather they are all about satisfying their selfish desires.

Africa as a region has failed to transform from it’s current status of being underdeveloped to being developed. The region is always known for seeking one aid or the other. There is no disputing the fact that African leaders have great exposure to developed nations, but still, they have failed to use that advantage to develop their country.

If only these African leaders developed their Agricultural sector, they will not be seeking food aid. It’s high that they look inwardly at the damaging effects of under development in their region, because aside from the negative effects of the Russian-Ukraine war, it could get worse. They should learn to produce their own food, because they cannot survive on foreign aid all the time.

Nigeria’s Voters’ Registration Exercise is Unconstitutional

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“The Constitution of the federal republic of Nigeria is supreme and it is over and above every other law in Nigeria, it supersedes every law and other laws are to be subjected under it. Any law which raises its ugly head be it by omission or commission to be in conflict with the Constitution is to be declared null and void to the extent of its inconsistency”.

The memory verse recited above which is the provision of the Constitution in S1(1-3) (although garnished) was recited to give us a safe landing on this controversial but germane argument I will be making in this piece; “ that the act of mandating citizens for voter registration and obtaining TVC or PVC before they could exercise their fundamental right to vote is in conflict with provisions of the Constitution and therefore unconstitutional”.

What does the Constitution say about voting?
The Constitutional provision that is summarized to be the right to vote and be voted for or franchise or suffrage as provided in Chapter IV of the Constitution stipulates that every person who is a Nigerian citizen and have have attained the age of majority and is of sound mind has the right to vote and every Nigerian citizen who is of the right age, possess the right and required qualifications and is of sound mind have the right to be voted for.

For someone to be a voter in Nigeria and exercise his or her fundamental right he or she must, first of all, be a Nigerian citizen and he or she must have attained the age of majority and he or she must also be of sound mind; these are the major conditions provided and is needed for a one to be a voter in Nigeria and every other qualifier or conditions provided and set by any other law, enactments or statutes is only conflicting and trying to rub shoulders with the supremacy of the Constitution and by the reason of that legislative insolence that other law must be declared null and void to the extent that it tried to ridicule the supreme Constitution.

If a Constitutional provided fundamental right is subjected to some other preconditions and postconditions before a citizen who has attained the qualifying benchmark set by the Constitution then it will be a total slap and ridicule on the sanctity and superiority of the Constitution. If conditions are set before a citizen can exercise his right to vote then there should as well be other qualifiers and conditions set that citizens must fulfill before citizens can exercise their other fundamental human rights like the right to speak freely, right to move around, right to acquire and own properties, etc because what goes for Peter goes for Paul as well.

On this note, every other condition set either by the electoral act or the voter registration act or any other enactment whatsoever mandating a citizen to go through before that citizen can exercise his or her fundamental human right is unconstitutional and therefore should be struck down by the almighty sword of the judiciary and be declared null and void.

The voter registration exercise, collection of Tvc or PVC before a citizen who has attained the age of majority and of sound mind can exercise his or her fundamental human right to vote does not align with the Constitution: I am a Nigerian, I have attained the age of majority and I am if sound mind; that is enough identifier and qualifier for me to exercise my right to vote and should never be subjected to the rigorous exercise or voter registration and obtainance of tvc and pvc before I can be permitted to exercise my constitutionally provided fundamental human rights. This is absurd and ridiculous.

Subjecting citizens to fulfill some other conditions before they could be allowed to vote is tantamount to disenfranchisement and no person or law has the power to disenfranchise any Nigerian citizen. The voter registration exercise should therefore be scrapped and expunged totally as it is a disenfranchisement tool and ploy which is having a bold fight with the Constitutional provision and the Constitution is supreme as Stated in s1(3) and no enactment or other law can ever put up a fight with the supreme constitution.

A Nigerian having identified himself to be a Nigerian by the means of presenting a valid government-issued ID and having shown that he has attained the age of majority should be the only condition for a citizen to vote and those conditions are more than enough. This is what is obtainable in other developed democratic nations. Voters registration exercise is only a unique introduction to the Nigerian political space.

On this note, the voter’s registration exercise and possession of tvc or pvc as a prerequisite to voting as provided in electoral acts and voter registration acts or any other enactments or provisions is unconstitutional, hence should be declared null and void to the extent of its inconsistency.

Universal adult suffrage is not a local right, it is a right that is universally recognized and adopted in universal laws; it is provided for in Article 21 of the Universal Declaration of Human Rights. This is to show how important this right is and no one, absolutely no one should be denied such rights either by express or intentional act or by obscure acts like mandatory rigorous voters registration exercise of the INEC.