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Osun Voters Need Targeted Issue-Based Campaign as 2022 Election Draws Nearer

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Sample of political parties in Nigeria (Source: Punch)

As political parties, media handlers, and supporters continue to promote more than ten candidates for the governorship election in Osun in 2022, the Positive Agenda Nigeria, a non-governmental organization, stated that voters in the state must be familiar with messages that focus on policy and program issues or needs. After four weeks of analyzing messages expressed by stakeholders on social media (Facebook and Twitter), in newspapers, in radio jingles, and during campaign events in some cities and towns across the state, the organization made this submission.

The organization, which is made up of academics and independent researchers, discovered that the ruling party, the All Progressives Congress, and the main opposition party, the People’s Democratic Party, engaged the public more during the four weeks of monitoring than other political parties who expressed interest in the election.

According to the policy brief released at the end of the first week and made available to our analyst, “media handlers and supporters of the ruling party informed potential electorate on programmes it would focus on if re-elected more than other political parties did. However, the leading opposition party (PDP) slightly engaged people on its planned programmes if elected.

Political parties (APC, PDP, LP, Accord) and their supporters slightly and highly engaged potential electorate while discussing infrastructure, economy, workers’ welfare, salary and employment and health. But the ruling party (APC) engaged the public more on health, workers’ welfare, salary and employment, social programmes, and infrastructure.

Personality issues of the candidates, competence or lack of it, assassination attempts or threats to life, violence and vote buying dominated the monitoring periods at the expense of informing potential voters the need to vote candidates based on their abilities and capabilities to address existing practical problems or needs in health, education, security, agriculture, economy, social programmes, infrastructure, workers’ salary, welfare and employment.”

Based on the emerged outcomes, the group notes that political parties need to train their social media handlers and media team on media literacy skills so that issue-based campaigns become their focus instead of attacking the personality of other parties and opponents.

Download the policy brief here

The Facts on Petroleum Technology Development Fund Nigeria with Southeast scholars

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Good People, we must stop peddling fake news just to score cheap political points in Nigeria. I have received more than 20 messages and tweets indicating that students from Southeast were excluded from the Petroleum Technology Development Fund (PTDF) selection process due to the Fund’s decision not to travel to Enugu. Honestly, I was stunned to read those messages.

To check things, I called a director in the Fund to explain what was going on. According to him, they were unable to visit Enugu due to some security related issues (not a strong point I mentioned to him). Yet, the Fund did offer all Southeast candidates to interview virtually or to choose from one of Port-Harcourt, Abuja, Bauchi, Kaduna and Ibadan centers for the selection process.

And he sent me this link  which has many guys from Southeast – https://lnkd.in/ed-N2xX8 . I have people I call whenever I want things in Nigeria; this man cannot do fake news to me.

People, share this note with those peddling this fake news. Southeast scholars are still in the process. This is not to defend Nigeria. But rather, to defend facts and objectivity. To the national scholars, I wish all of you good luck.

GTBank’s Parent Company Launches HabariPay with SquadCo

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GTBank’s parent company, GTCO, has unveiled a new product called SquadCo within its HabariPay subsidiary.  The Central Bank of Nigeria gave the approval according to Premium Times: “Payments are central to the development of financial services globally and represent a key growth area for the group. With HabariPay, we have successfully created another pathway towards enhancing the service experience for our customers and creating more value for our stakeholders,”” said CEO Segun Agbaje. 

As I noted in Feb 2022, GTBank is going through a 3rd metamorphosis, and unification of everything is going to be part of this future.  It needs to get it right because MTN Nigeria has disintermediated many domains of financial services and has positioned itself to capture significant value. That explains why the market cap of MTN Nigeria is larger than all banks, insurers and other financial institutions combined in Nigeria.

The banks of the future will be pure play technology companies which offer banking services. Telecom firms and fintechs have positioned themselves already for that future. GTBank and other banks are working hard to insert themselves at scale. Simply, they want to play at the edges of the smiling curve.

In November 2018 when I wrote ‘GTBank’s Everything “Habari” Banking – Raps, Sings, Styles, Shops, Pays and More’, I saw a grand unification but also cautioned that “It may make the local banking giant lose an identity”. GTBank was playing the duality element where products are also platforms; that plan did not work out well. But with HabariPay’s SquadCo injection, GTBank has a chance to capture value using the one oasis and double play strategies

The banking main subsidiary is the one oasis and HabariPay can be part of a play. Great strategy; it comes down to execution on the powers of (native) digital entrepreneurs. And call it an irony: when a bank goes fintech, it says bye bye to “nice” fees because fintech is nothing but disintermediation of banking services with optimized services.

This week, GTCO, Nigeria’s second biggest lender by market value, launched a fintech unit named SquadCo, which eases the path for it to offer services and products including, e-commerce, payment gateway and Soft POS. SquadCo is a product of HabariPay.

Rival Access Holdings completed its evolution to a holding company in April, a move that will enable it to branch out into payments and other financial services while Sterling Bank is on track to adopt a similar structure.

“Our vision is an Africa where every payment is digital, and we hope to achieve this by increasingly leveraging technology to improve access to financial services for individuals and empower businesses across Africa with the right digital tools to thrive,” Mr Agbaje said.

Early in February, GTCO announced purchase of Investment One Funds Management Limited and Investment One Pension Managers Limited as the group diversified into pension and asset management at a time earnings from its core banking business were becoming inadequate to sustain profit growth.

Join Tekedia Capital And Co-invest in Africa’s Great Startups

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Tekedia Capital invests in technology-anchored early stage startups and companies. Our opportunity antenna and grassroot connections with innovators enable us to see patterns as they develop.  We invite you to partner with us as we nurture and build category-king companies in Africa and beyond, and in the process advance citizens, communities and nations. At Tekedia Capital, we fund the foundations of the NEXT African economy. Click here and learn more.

 

Rising Cost Of Food Prices In Nigeria – Nigeria Food Council Set To Meet

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Due to the rising cost of food prices in the country, the National food security council is set to meet to address the issue. The council which was set up in 2018 by the President Buhari-led administration with the objective of responding to climate change, farmers/Fulani herdsmen clash, and desertification and its impacts on farmlands.

The council is also charged with the responsibility to address issues of grazing areas, rivers and other water bodies, oil spillage and its impact on the aquatic life in the Niger Delta region, piracy and banditry, agricultural research institutions and extension services and the problem of smuggling.

The high price of food has therefore prompted the federal executive council to hold a meeting, urging the Nigerian food council to meet immediately and address the issue affecting the high price of foodstuffs in the country. They also urged the council to provide a plan and some methods in which the nation can implement, to reduce the cost of food to support improved food prices for the citizens.

This inflation has also forced the Central Bank Of Nigeria (CBN), to adjust the MPR to 13 percent in the last MPC which is an attempt to manage the cost of inflation. According to analysts, they disclosed that Nigeria’s inflation is not caused by having too much money in the system, but by a short supply of food and other items.

They further disclosed that increasing the interest rates may not solve the high price of food in the country. Last year, President Buhari disclosed that the spike in the price of food was caused by middlemen who were buying and holding essential commodities.

How ironic it is that a large percentage of Nigerians are contending with high prices of food items, meanwhile the government has been celebrating its acclaimed interventions and investment in the agricultural sector.

One question that is likely on everyone’s lip is this. Since the government claims to constantly fund the agricultural sector, why is the country not feeling the impact of these interventions? It’s either the government is not being honest, or the middlemen in charge of the disbursement of loans, farm tools, fertilizers, etc, are siphoning these funds and selling off these equipment without giving it to the farmers.

There is no disputing the fact that the agricultural sector has been ravaged with widespread corruption, from these so called middlemen. It is disheartening to know that most of these farmers never get to receive what is being supplied to them by private institutions and the government.

This was the reason why the president of African Development Bank (AFDB), Mr. Akinwunmi Adesina suggested the introduction of the wallet system because it will cut off these middlemen ensuring that farmers are the ones directly receiving the funds and the links.

If one is observant enough, he or she will notice that a large percentage of Nigerians are becoming increasingly aggrieved due to the unabating rise in the prices of foodstuff. It’s high time the government declared war on hunger and put in measures to mitigate hunger in the country.

They should properly fund the sector, since they claim to properly fund the sector, they should go ahead to investigate why the sector continues to underperform and prosecute whoever is behind such menace. There is a strong need to also produce foods in the country to stop the importation of food commodities. Inflation in food prices can only be curbed when the country produces a large percentage of its food products.