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Create that future and make it predictable with your PVC in Nigeria

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One of these men will likely become the next president of Nigeria. The delegates have narrowed the options. Statistically, a delegate – about 10,000 of them – have a factor of 100 impact on deciding who becomes a president in Nigeria over a general election voter. Yet, there is nothing you can do about it – you have to work with the options which are available.

But here is the fact: many will tell you that nothing can change in Nigeria. That is a big lie.Leaders matter in markets, politics, and indeed everything in life. As in business where CEOs are paid to design and commit to execute business models, presidents among other things are expected to execute their own political models via policies which will cover economy, security, international relations, etc.

Obi, Atiku and Tinubu possibly benefitted from the best in Nigeria. They attended our then-great secondary schools and at least one of them enjoyed our massively subsidized public universities or equivalent. The only thing Nigeria gives a poor man or woman is subsidized university education. If you remove it, no economic progress can happen in many families. 

So the question is: who among these men can deliver that promise of economic mobility? When we talk about mobility, you must understand that this is real. How can a nation offer you choices in life and who has the capacity to make it happen? If you vote for tribe, religion, and those marginals, nothing will change. But if you vote for competence (use your yardstick), great moments will come.

Understand one thing: Nigeria does not have enough graduates to run its economy if we have the right leadership. In other words, everyone will have a GREAT job. Your PVC (permanent voters card) will determine that future. Many of us are in positions that our lives will not be affected by who becomes the president of Nigeria. But yours could be impacted. And I challenge you to get your PVC and go out and vote when the time comes. Obasanjo gave us choices as he created great jobs; banks were hiring every weekend in big halls. A visionary leader has tools which can create 7 million GREAT jobs in two years in Nigeria.

Vote for competence, not religion, tribe or the marginals. Who becomes the president of Nigeria or America will not change anything in my life today. But I would not have said the same many years ago; happy for what Nigeria offered in the early 2000s. Get PVC and Vote!

Create that future and make it predictable with your PVC.

Terrorists Release 11 Out of 61 Abducted Abuja-Kaduna Train Passengers

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Terrorists have released 11 out of the 61 persons abducted during the March 28 Abuja-Kaduna train attack.

Their release was facilitated through mediation led by Kaduna-based Islamic cleric, Sheik Ahmad Gumi, who has been working as a middleman between the Nigerian government and the terrorists. His spokesperson, Mallam Tukur Mamu, disclosed the development to the media on Saturday.

Mamu said that the victims, who were released on health grounds, have been flown to Abuja, the nation’s capital for urgent medical treatment. He explained that while the male victims were released on health grounds as part of the request made by the negotiating team, the women who are among the vulnerable ones are part of the agreement reached with the abductors.

The names of those freed are as follows: Jessy John, Amina Ba’aba Mohammed (Gamba), Rashida Yusuf Busari and Hannah Ajewole. Others include Najib Mohammed Daiharu, Gaius Gambo, Hassan Aliyu, Peace A. Boy and Danjuma Sa’idu.

Though part of the early negotiation was that all the kidnapped women would be released in the first batch, only five were allowed by the terrorists to go.

A source quoted by Vanguard explained why.

“It was expected initially that all the abducted women will be released in the first batch while negotiations for the release of the remaining victims will continue but according to another source that was privy to Saturday’s engagement with the abductors, they decided to cut down the number of women they initially agreed to release because of FG’s demand to include those with life threatening injuries/illnesses among the ones they released.

“The abductors have initially insisted that the only condition they will accept to start negotiating the release of their victims is when government release their teenage children unconditionally but Mamu insisted that no government will accept such bargain as they must also show signs of goodwill and make acceptable compromises too by way of releasing some of the victims,” the source said.

Mamu didn’t give details of the process that yielded the freedom of the 11, but he revealed that some retired army generals and a renowned professor at the Usman Dan-Fodio University, Sokoto were among the team of experts that contributed in facilitating the mediation and success of the release.

He credited the success of the dialogue to Sheik Gumi, whom he said worked tirelessly behind the scene.

“He was involved from the day I started. In fact, I accepted that role because of his directives to that effect. Even the final arrangement of how and the safest place to get the victims was arranged and coordinated by him,” he said.

An integral part of the dialogue between the government and the terrorists is the release of the terrorists’ children. However, it is not clear if the government yielded to the demand which also includes ransom payment for the victims.

Mamu said that only the government can answer the question, asking the President Muhammadu Buhari-led administration to use the open channel to secure the freedom of the remaining victims.

“We are only concerned stakeholders with the privilege to compliment government efforts but I can assure you and I can confirm that no money is involved. I believe the urgent priority now for the government and us is how to safely secure the release of the remaining victims,” he said.

“I believe FG can now explore this opportunity to ensure that the remaining victims are released in good time. Even though the release of the eleven victims is a huge milestone I’m personally disappointed that they failed to give us all the women as we earlier agreed. But I believe even if it’s one life we succeeded in securing the reward is unquantifiable before Allah,” he added.

The attack, which led to the abduction occurred on March 28 at Dutse forest in Chikun Local Government Area of Kaduna State, leaving eight people killed and 26 others injured while scores of passengers went missing.

While the release of the 11 is good news to their families and offers hope for the return of several others, the question remains; how long will the government continue to act vulnerable in the face of insecurity in the country?

As of early last year, the Buhari’s administration has spent N8 trillion on security, budgeting an average of N1.3 trillion since 2015. The huge security funding has done little to quell the situation of insecurity in Nigeria that has kept rising year on year, giving birth to new groups of terrorists that have succeeded in turning terrorism into a lucrative enterprise.

Young People in Nigeria Have Taken Over This Election [video]

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This video touched me: young people in Nigeria fighting to get their voting cards. I commend them for this uncommon commitment, and I am hoping that by 2023, they will get a president that will provide leadership. Young People, continue to fight for that future. The future belongs to you and you can take it back. Many of these leaders cannot steal it, even though they paused it, but with energies like this, there will be victory.

I call on INEC to deploy those billions of naira to make this process seamless. They need to ship more registration machines to the east, west, north and south.  Young People have taken over. Do not mess with them.

As that happens, I ask the Police to watch the registration intimidations happening in some cities. Those must be immediately addressed. You cannot prevent people from registering. Young People: this is your nation. Remember: vote for a leader that will save the future, forget the sound of his name, how he prays or those marginals. Focus on competence, decency, honour and service. I have already VOTED for all of you. May God bless the youth of Nigeria.

Multichoice To Focus More On Content Produced In Africa From 2024

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Africa’s leading entertainment company, Multichoice has disclosed its plans to focus more attention on content produced in Africa in the coming year. The company further revealed that it will be allocating 50% of its total general entertainment spend on the African continent, starting from 2024.

The company also seeks to select some local content, coupled with sporting events such as the English Premier League, UEFA Champions League, and the FIFA World Cup to drive its growth in streaming services.

Multichoice revealed that at the end of its financial results which ended in March 2022, the linear pay tax subscribers base increased by 0.9 million to reach 21.8 million households, comprising 9 million in South Africa and 12.8 million in the rest of Africa, which is led by Nigeria.

According to Multichoice Chief Executive officer, Calvin Mawela, he has this to say “As a platform of choice, our group will look to further expand our entertainment ecosystem by identifying growth opportunities that leverage our scale and local capabilities. We will continue to strive to be a trusted partner for our customers’ ever-evolving needs, enriching their lives by delivering entertainment and relevant consumer services underpinned by technology.”

“The group will continue to focus on and drive the penetration of its video entertainment services across the African continent, offering customers an array of unique and rich media content conveniently and cost-effectively. More specifically, the year ahead will see the group increasing its investment in local content, targeting an allocation of 50% of total general entertainment spend by FY24,” he added.

The company further revealed that the rest of Africa’s business greatly benefited from the reality TV show (Big Brother Naija) and Live sporting events.

This is a step taken in the right direction by Multichoice, with the company’s operation in 50 countries across Africa, it is ideal that more African content is magnified, with such content committed to telling African stories.

There is a large percentage of negative perceptions about the African region, which needs to be addressed. With more rich African content circulated by Multichoice, it will no doubt change these weird perceptions about the continent, which will change the narrative of people to begin to see Africa in a positive light.

Africa is uniquely blessed with rich culture and it is ideal that Multichoice invests significantly in local content with the commitment to telling African stories. This can also increase the number of tourist visitors to the African region to behold the beautiful culture, tradition and lifestyle.

Truth is, the African continent is richly blessed and as a leading credible source of the African narrative, Multichoice has no doubt been doing exceptionally well in not only showcasing and advancing filmmaking in Africa, but in also showcasing African talent on the global stage.

No doubt the African continent is taking its place in the world, by asserting its right to be heard and represented through their rich entertainment content. This new African presence is finding expression in numerous fields, such as creative arts, reality tv shows, soap operas, etc.

The Grand Equations of Business

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At Tekedia Mini-MBA which begins the Live Zoom session today, I will explain these two equations. Until the market has validated that idea, it remains “inventive”. We believe in the  construct that fixing market frictions must bring growth, and growth can only come when ideas become products to fix frictions customers have.

As that happens, those products must be awesome. There is never going to be a great company without awesome products or services. And to do that, a group of people must have efficiently organized factors of production with tools and processes, and executed at a superior level.

  • 1. Innovation = Invention + Commercialization
  • 2. Great Companies = Awesome Products + Superior Execution

Have a bigger momentum [Impact] in markets; grow your size [mass] and have direction at fast pace [velocity]. Check well, we have solved the analogous physics in markets (Momentum = mass x velocity).

We’re Tekedia Institute. We explain the foundational construct of Africa’s entrepreneurial capitalism in this business cambrian moment. Discover the physics in business. Discover the wealth in nations. Join us here