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The Moment for Vice President Osinbajo and Time for Fiscal Federalism

By
Ndubuisi Ekekwe
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I am tipping Vice President Osinbajo to win the APC presidential primaries. Practically, this race is really between him and Senator Bola Tinubu. If that happens, we will revert to the old formation – West, East and North with Osinbajo/Tinubu, Peter Obi, and Atiku respectively. Then, the outcome becomes predictable. Welcome 2027 contest as 2023 is yet unborn but already concluded, permutatively.

The good news in everything is that these 3 aspirants have committed to fiscal federalism if they win (sure, APC promised it but did not deliver). If we do have fiscal federalism, this agitation will fade.

Nigeria will be a country with many nations operating within it. In Europe, there are dozens of “countries” with some of them having a population less than 10 million people. But with the EU, they are all integrated. You can say the same for America.

Nigeria under fiscal federalism will drive competitiveness and unlock our comparative advantages. Some of our states are bigger than countries in EU (hello Iceland with 400k people). People, when this primary phase has passed, everyone, from North to South, East to West, should push for fiscal federalism from them. If we do that, that is the best outcome for 2023. Under the same structure we have now, nothing will change, irrespective of who the president is. Nigeria is structurally deficient and when a DPC is not solid, any building on top of it will collapse. 

I wish all the contenders great campaigns and I hope they will deliver whatever they promise. Fiscal federalism – that is the 7-point agenda.

Comment on LinkedIn

Comment: Stick on tech

My Response: Everything in business/tech life is politics because the most important business is Political Economy. That shapes technology, business, etc. It is a fool who thinks there is day and night between tech and politics. Of course, it is not your fault, it is Nigeria’s misfit education for a professional to think that not getting involved in national policy is a smart move. 

If you do not want to be here, ban yourself. Here, policy is more important than tech because policy drives tech. And politics creates politics. You can print this and frame on your home door for remembrance. We do not need your myopic suggestion – Young People, be involved in politics and show energy on it. That is how great policies come.

Innovation, Growth and Missions of Firms

By
Ndubuisi Ekekwe
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0

Good People, the Live session will begin on Saturday, June 11 (not today). From next week, the Tue, Thur and Sat live session schedules will kick off.  On Saturday, I will anchor a session to explain the very reason why we work, have jobs or run companies and why that reason is critical in the innovation and growth of firms. The Zoom link is in the Board.

Again, Tekedia Institute welcomes everyone to the 8th edition of Tekedia Mini-MBA.  I also want to welcome specifically our Corporate Partners; thank you.

Registration continues till June 13 

Tekedia Institute >> home for the mastery of Africa’s entrepreneurial capitalism

Live Session on “Satellite Internet In Nigeria: Business and Career Opportunities” Course scheduled July 16

By
Ndubuisi Ekekwe
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0

Many questions – the live session of this course will run on July 16. The pre-recorded video and courseware are scheduled for Week 3. More information will be provided in the Board. Welcome everyone to the 8th edition of Tekedia Mini-MBA. US-based Northern Sky Research and US-based Beeptool will lead the business and technical elements respectively. An Africa-based leader in broadband business  will also provide insights on the market. We expect this course to be impactful.

In the Tekedia Mini-MBA starting June 6th, we are adding a new course titled “Satellite Internet In Nigeria: Business and Career Opportunities”. Our faculty will be Joseph Ibeh of Northern Sky Research, USA. He is a respected satellite internet business analyst. Texas-based Beeptool which has a SpaceX license will also teach another segment, focusing on the value chain.

Registration for the 8th edition of Tekedia Mini-MBA continues here.

Nigeria Approves Elon Musk’s Starlink for Satellite-Based Internet Services

 

Interswitch Discloses Plan To Pay Allowances To Spouses Of Its Employees

By
Ojukwu Emmanuel
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Leading African integrated payments and digital commerce platform company, Interswitch with its last valuation at $1billion has reviewed its plans to begin paying allowances directly to the spouses of its employees.

Announcing this development in a social media post, the tech company stated that their employees can draw on this allowance quarterly. The tech company further stated that they will include other benefits including home country mobile status, child education support, spousal support, enhanced maternity benefits, and acting/ step-up capacity.

Interswitch via its social media post disclosed that this recent development is part of its effort to assure the utmost productivity and satisfaction of its most essential assets which are the employees.

According to the company post on social media, it reads “from early on in our journey as a business it has never been lost on us that the satisfaction enjoyed by our members and partners directly impacts their loyalty to our offerings and their affinity to our business.

This satisfaction results from the value the customer receives from our satisfied, productive, and loyal employees- our phenomenal. Based on the workings of the service profit chain, this would invariably impact our revenue and profit as an enterprise. We are not in doubt as to the reality that when our employers are engaged, productive, and highly satisfied, only does the brand itself stand the chance of succeeding”.

This is a very commendable initiative from Interswitch, no wonder they continue to record so many groundbreaking achievements. One who is observant enough will know that Interswitch just shared the secret to one of the reasons why the company continues to thrive.

They recognize the fact that the greatest asset they have is their employees, which has seen them offer to pay allowances to spouses of their employees because it definitely leads to employees satisfaction and high productivity.

Once employees are satisfied, they will give their all in a job by putting their best foot forward and even going out of their way to ensure that they effectively carry out their  duties and even exceed expectations. It is often said that a business is only “as good as its employees”.

It’s quite pathetic to note that many companies still offer their employees meager pay and expect them to give their best on the job. It is impossible, because employees are not motivated in any way, and it is unfair for employers to demand quality work from their team members, meanwhile they continue to be underpaid.

It is only when an organization pays its employees well, that they can expect to get more input from the team members. There are so many top talents out there who are good at their job and will not hesitate to leave where they are undervalued.

There is no disputing the fact that employees are assets to a company, and to retain top talents, employers must ensure to pay them well. Proper pay retains the best talents and also attracts more top talents to an organization.

A higher salary, as well as allowances, is a way to show employees that they are valued. There is the belief that some employers have that with low salaries, the organization will be able to save more money.

I beg to disagree! Low salaries do not save more money for the organization, in fact, it poses a very big challenge to the organization, because apart from the fact that it causes employee turnover, it will stifle the growth of the company and also affect its revenue, because team members will always deliver low quality work.

Once again, I commend inter switch for this lovely gesture towards its employees, and I implore other organizations to take a cue from this, because it is one of the top-secret to a company’s growth.

Get Your Facyber Cybersecurity Bonus for Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

Welcome to Tekedia Mini-MBA which began yesterday. Remember that we have a bonus course at First Atlantic Cybersecurity Institute. There are four tracks in Facyber for you to select from, and each module takes 12 weeks. All programs are self-paced with a brilliant portal designed for geeks.  The course syllabus and Table of Contents are provided in Facyber. Here are the tracks:  bonus.

  • Certificate in Cybersecurity Policy (CCYP)
  • Certificate in Cybersecurity Technology (CCYT)
  • Certificate in Cybersecurity Management (CCYM)
  • Certificate in Cybersecurity Intelligence & Digital Forensics (CCDF)

Follow the steps here to get the bonus.

Registration continues for Tekedia Institute Mini-MBA; do it today and get into the path of a great career.

https://www.tekedia.com/remember-tekedia-mini-mba-registration-gives-a-free-course-at-facyber-cybersecurity/

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