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ASUU Strike To Continue As Meeting With Nigerian Government Ends In Deadlock

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The academic staff union of universities ASUU has rejected the plea of the government for the union to call off its ongoing strike action. It was disclosed that the union met with the federal government and maintained its stance on its industrial strike action.

The chief of staff to President Muhammadu Buhari, Prof. Ibrahim Gambari, was said to have invited the union to a dialogue at the Aso Rock villa. The meeting had in attendance, the minister of labor Sen. Chris Ngige and the chairman of the union Prof. Emmanuel Osodeke.

The meeting was co-chaired by the sultan of Sokoto, Sa’ad Abubakar, and the Christian Association of Nigeria’s president, Dr. Supo Ayokunle. It also had in attendance other registered trade unions in universities, as well as identified interest groups and civil society groups. According to information gathered, the federal government persuaded the union to call off its ongoing industrial strike actions, with a promise that their demands will be met.

However, the chairman of ASUU Prof. Osodeke was hell-bent on maintaining his stance on the strike action. He told the federal government to meet part of their demands which they could use in convincing their members to call off the ongoing strike.

The minister of labor Sen. Chris Ngige during the meeting disclosed that the federal government had reached an agreement with ASUU in order to meet its demands. He further disclosed that there have been certain timelines set, and some specific parts of the agreement would be implemented from next week.

Recall that ASUU has on several occasions complained of its wage renegotiation of 2009 which the government has failed to pay for a long time now, which is also one of its reasons for embarking on strike. However, Sen. Chris Ngige revealed that the issues of wage review and renegotiation of 2009 would be addressed by the government.

In his words, “we have reached some agreements and we hope that by next week, those agreements will be maturing and the different unions will have something to tell their members so that they can call off the strike. We have put some timelines for some aspects like the renegotiation of the 2009 agreement in terms of the condition of service and wage review. So we are hopeful that by next weekend the unions will see a conclusion in that area”

The chief of staff to the presidency, Prof. Ibrahim Gambari however pleaded with the union to consider the plight of the students so that they can return to the classrooms. The meeting ended in a deadlock as ASUU was not convinced enough by the federal government to call off its strike action.

It is not just enough for the government to plead with ASUU to call off its strike action, the union has told the government to meet part of the demands in other for them to convince their other members to call off the strike. The reasonable thing for the government to do at this moment is to meet part of the union’s demands, that way they will show their seriousness to convince the union to call off the strike.

ASUU is in dire need of resources as it stands now, and they won’t call off the strike by just mere pleas from the government, they need to be encouraged at least with a certain amount of money. The government has on several occasions pleaded with the union to return to the classroom while they sort their demands, but has always defaulted. ASUU seem to understand their usual gimmick as they are not taking any chances this time around.

The government must come to the understanding that the only language ASUU will understand at this juncture, is money and not unnecessary dialogue.

Interswitch Seals $110m Joint Investment Deal to Scale Payment Services Across Africa.

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Interswitch, a Nigerian-based African payment company, has sealed a $110 million joint investment deal from LeapFrog Investments and Tana Africa Capital, according to a statement from the investment companies.

The investment will be used to scale growth across the African continent, the firms said. With the new investment, Interswitch, which crossed the unicorn threshold in 2019 after receiving $200 million for a 20% stake from Visa, has further upped its valuation even though it didn’t confirm how much it got from the firms per TechCrunch.

“The exact terms of the transaction haven’t been disclosed. We can’t comment on that for now,” a spokesperson for the company told TechCrunch when asked about the investment and Interswitch’s new valuation.

However, both Interswitch Group and LeapFrog Investments have expressed optimism that the investment will help the payment firm to expand its services.

“This investment by LeapFrog affirms the formidable talent at Interswitch, and how well-placed it is to seize the significant opportunity in Africa’s evolving digital payments landscape. LeapFrog is proud to be partnering with Interswitch to further enhance their innovative, digital capabilities to deliver sustainable scale, whilst positively impacting the lives of millions of people and businesses across the region,” Karima Ola, Partner, Head of Africa Financial Services, LeapFrog Investments said.

“We are excited to welcome LeapFrog and Tana on board, as we continue our work to advance the future of the African payments landscape. The evolution of fintech in Nigeria and the broader sub-Saharan region has been driven by the need to solve challenges and barriers that exist within the traditional financial system. Interswitch was born from the need to develop solutions that match the unique needs of local customers and merchants,” Mitchell Elegbe, Founder and Group Chief Executive of Interswitch said.

However, the 20-year old company has been mute on its expected IPO debut which has been on its to-do-list since 2016, but that has not limited its growth. Interswitch powers seamless payment in Africa across online payments, POS terminals, Quickteller and Verve, which is 100% accepted for payment in Nigeria and 185 other countries globally, the company said.

With a 948 full-time employees across Africa, the fintech powers much of the rails for Nigeria’s online banking system and is well known for its point-of-sale terminals, online consumer payment platforms, Quickteller and Verve, the biggest domestic debit card scheme in Africa that has issued over 35 million active cards since launch.

Can Flutterwave Go Public Via Reverse Merger with Jumia?

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On Dec 2, 2017, I wrote “Konga should sell itself” to Jumia. And within days, the company was sold to Zinox Group which kept its brand, folding Yudala under it. Today, I am making a hard call on Jumia:  this company may need to look at options. From the high of $63, the share traded less than $6 yesterday in New York.

Jumia is a great company and has one of the most important leverageable factors in the African modern business climate. Its market cap is around $520 million as I write. There are two things I will do in six months that will bump its market cap in 6 months. It is severely underperforming; we will fix it and it will compound.

Can Flutterwave do a reverse merger via Jumia on its way to IPO? Since it is worth $3 billion, it can give Jumia shareholders 30% of its value. After the process has been completed, it will change the name from Jumia to Flutterwave in the stock exchange.

A reverse merger is when a private company becomes a public company by purchasing control of the public company. The shareholders of the private company usually receive large amounts of ownership in the public company and control of its board of directors.(investopedia)

Understand that opening many support channels you cannot monitor will hurt you

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“Ahia oma na ere onwe ya” [good products sell themselves], the Igbo Nation will say. A big part of those good products is customer service. In short, the ability to respond to online consumer customers on time solves a high percentage of frictions. In other words, even if you do not have an immediate solution, just telling them you are on it, is key, especially when you have a clear plan to provide that solution.

At Tekedia Institute, we run a 24/7 support cycle. It makes sense when you have people from 44 countries. If you have ever sent an email to Tekedia Institute and got no support, let me know.

Understand that opening many support channels you cannot monitor will hurt you. It is better to reduce the number of channels to avoid confusing users. Yes, you do not want them to think that you have received the messages, and are acting on when, when in reality, you are yet to cycle to them. 

It seems like a great idea having 5 emails for users to contact Support, HR, customer service, etc when you can efficiently have just one channel. Complexity does not bring clarity! You may think you are helping the users but in the real sense, you are making things harder.

The most difficult job in startups is making things simplest because only the most brilliant accomplish that. Bring clarity, and simplify your channels and thrive.

Simple things – the numbers will keep improving.

Never promise clients what you cannot deliver. If people know you for that, they will NEVER recommend you to others. Simply, you cannot grow. When you communicate with clients, be nuanced, under-promising but over-delivering. Clients remember those who over-deliver. Business is about ADDITION – keep everyone coming back, including your “enemies”.

Do all to keep clients. Do not do business with that man or woman who tells a paying customer that “he can go”. Tekedia Institute admits more students than any university in Nigeria. And there is no way we will not respond to your email within 6 hours because our customer service operates 24/7 as we serve people from 44 countries. The Singaporean students in our program do not care if people are sleeping in the US or Nigeria.

Service wins markets!  Make it back of your playbook

 

The Death of Deborah Yakubu; the call for religious tolerance

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The worst happened yesterday. A female student by the name of Deborah Yakubu, a student of Shehu Shagari College of Education, Sokoto was mobbed to death and later set on fire by her colleagues around the school premises. What was her offense; her killers claimed that she blasphemed against their dear Prophet, MUHAMMED; she insulted the prophet and the punishment was instant death.

According to the voice note that she sent to the class WhatsApp group that led to her death which she spoke in Hausa, the loose translation of it was; “Holy Ghost fire! nothing will happen to us. The group was not created for sending nonsense stuff. It was rather created to send past questions, if there is a test, or if we are given assignments not all these nonsense things. Which kind prophet, nonsense Prophet”.

Background: She was reacting to her colleagues always posting religious content in the WhatsApp group which was created solely for academic reasons. The colleagues being mostly Muslims didn’t take her reaction likely and decided to track her down, beat her to death then set her ablaze.

Although her utterances were utterly derogatory and insulting, that should not be what will make her classmates track her down and attack her to death.

Before you panic, save your breath, this is not the first time that a person or people are mobbed to death and then set ablaze for blasphemy against prophet MUHAMMED in Northern Nigeria in recent times, it happened in Kano in 2016. What is more shocking is that the place where this took place is a higher institution of learning, the least place religious intolerance is expected to be in existence in 2022.

How can we still be struggling to save our heads and be cautious not to be hacked to death for blasphemy in Northern Nigeria in 2022? The most surprising thing is that most Northern Muslims saw nothing wrong with that, some are defending the act and quoting Quran to back it up that when you insult the prophet MUHAMMED you deserve to die.

Even those that occupy a high ranking position in society are openly defending the act even on social media. The excitement of the mobs while carrying out the act is dreadful; acts like these are barbaric and are only churned out of religious extremism or fanaticism and sheer ignorance.

We should learn to coexist in peace amongst one another despite the religion, tribe, state or skin pigmentation. It is humanity over religion, humanity over the tribe, humanity over race.

Religious leaders should educate their followers that we are not in the jungle where jungle justice is the order of the day, most of them are clearly ignorant and are always eager to take the law into their hands with the excitement that they are fighting the holy war or fighting for their god. There are institutions that have been put in place to address grievances and anybody who is aggrieved should approach those institutions to address their grievances, that is how it ought to be in a civilized society like Nigeria.

This should not be one of the mob actions that the law enforcement agencies will sweep under the carpet, they should do the needful and bring everybody who is part of this dastard act to justice, every single one of them. The punishment for murder in Nigeria is a death sentence, so nothing less is expected of the law enforcement and the judiciary; examples must be set to deter others from committing this kind of act in the future and be forced to learn religious tolerance and peaceful coexistence in Nigeria.