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Skills Acquisition Among Nigerian Youth

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A skill can simply be defined as the ability to do something well. It can equally be referred to as the ability and capacity acquired through deliberate, systematic, and sustained effort in order to smoothly and adaptively carry out complex activities or job functions involving ideas, things, and/or people.

Similarly, skill acquisition is the process of acquiring a certain skill by an individual through a thorough intensive training over a given period of time. Skill acquisition involves both theoretical and practical training regardless of its duration.

Skill can be classified into three major parts including cognitive, technical and interpersonal skills. A cognitive skill deals with ideas; technical skill is the ability to handle things or a certain human endeavour effectively and efficiently; whilst, interpersonal skill is the ability to relate with people around you usually in business or work places.

It’s noteworthy that there are hundreds of thousands of skills in existence across the globe such as sporting skill, cultural skill, installation skill, maintenance skill, manufacturing skill, management skill and what have you.

Skill is required in every area of human endeavour and it enables the entrepreneurship drive of any nation to be actualized. The most important aspect of skill acquisition is that it benefits all classes in any society involved, especially the masses.

A small or medium scale entrepreneur is expected to hire many skilled people to take on tasks that are outside of his/her skill set. However, every individual either a prospective leader or business personnel, must relentlessly strive to acquire the skills that will make him or her a great leader or a successful businessperson, as the case may be.

Someone who has commenced a business or trade venture owing to his specialized skills and knowledge related to a particular service or product is required to expand his skills to be a successful entrepreneur. Such a measure is referred to as ‘skill enhancement’.

No doubt, improving skills related to acquiring money or raising capital for a business boost represents the difference between success and failure of the venture in question. It suffices to assert that the degree of skills acquired by an entrepreneur determines how far the venture goes in the future.

Unequivocally, being good at starting a business does not automatically make one good at planning for growth. He or she must acquire planning skills that tie his/her vision to practical steps, which the business can take to realize that vision. The acquisition of the aforementioned skill is important because without it, your firm or business venture can stagnate and lose out to the competition.

One may have envisioned a smooth rise to the top when he commenced his business, but the truth is that he will surely encounter crises or challenging situations. Whether it has to do with shortage of money or the loss of his facilities to a fire disaster, he must acquire the skills or technicalities that would enable him to remain calm in times of turmoil and maintain his ability to make adequate decisions.

The above step is very vital because the affected person can learn to triumph when it looks like he could be defeated. Needless to say that skill acquisition in decision making remains an inevitable tool while carrying out a business strategy.

On the other hand, the importance of acquiring strong communication skills will be evident in all of one’s entrepreneurial activities. From networking to leadership, one needs to constantly and consistently update his communication skills to enable him form alliances and encourage consensus.

Taking Nigeria as a case study, you would notice that most of our young ones, or the youth, are potentially preoccupied with variety of skills in various areas of human endeavour ranging from culture to sports, engineering/sciences, art works, and leadership, that need to be develop with a view to strengthening their respective entrepreneurship prowess towards nation-building.

To this end, there is a need to encourage the young ones to be acquainted as well as acquire proficiency in one skill or the other within their reach. The schools can help in this regard by ensuring that the pupils or students regularly create time for guidance and counselling during their school hours.

On their part, the schools that have already jettisoned the idea of counselling ought to equally do well by reviving such a lofty initiative. It’s not anymore news that such educational measures have unceremoniously gone into extinction in most existing primary and secondary citadels of learning in countries like Nigeria.

A good counselling would enable each of them to discover their potential skills or abilities, thereby making them develop an interest in that area. The parents and guardians on their part should not hesitate to boost the morale of their children or wards in any skill they are fit in by providing all the needed materials or facilities for them to excel.

Inter alia, there is an urgent need to revive the various technical colleges and commercial schools, situated across the Nigerian federation, that are currently moribund. At the tertiary level, the ‘Entrepreneurship Studies’ usually done by the undergraduates as a general course, ought to be taken more seriously by the various school managements.

In the same vein, the ongoing Industrial Training (IT) and Teaching Practice (TP) schemes being observed by the Universities/Polytechnics and Colleges of Education, respectively must be intensified by the concerned authorities towards boosting their effectiveness.

Above all, the various cultural heritages across Nigeria need to be revisited by the apt authorities with a view to harnessing the required ones. This will go a long way to discover and reawaken thousands of skills among the numerous youths domiciled in the country.

Intensification of skills acquisition among the youth via implementation of viable tech-driven measures and formidable policies is the fundamental way Nigeria can record a society imbued with self-reliant individuals, thereby drastically reducing youth restiveness in every facet of the country.

There could not be a better time for such consignment than now. Hence, it’s high time the concerned authorities fully embraced the needful. 

Nigerians And The Awaited Polls

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It’s popularly cited that ‘It’s better late than never’. Believe me, most of us are yet to know the prime essence of that citation.

For some of us who know the essence or significance of the famous quotation, how would you throw more light on it if you were asked to do so?

As for me; ‘it’s better late than never’ simply means that it is better one comes late to an event than being marked absent. In other words, it means, it’s better you’re being known by your colleagues as a latecomer than being recognized as a regular absentee.

Please, pardon my preamble. I just decided to commence with such analysis. But as we proceed, you will acknowledge its relevance.

Barely three nights ago, at exactly eleven O’clock, I was faced with a serious and thorough meditation as regards the present state of the Nigerian society in respect of her socio-political sector.

At the end of the said meditation, I concluded that one thing was missing in Nigeria’s polity in its entirety, and that had been the root of her people’s collective plight. Till date, that thing is still missing.

Without mincing words, that “thing” remains sincerity coupled with transparency. Please, I’m just thinking aloud. Therefore, I’m humbly letting out my opinion which can be countered by any interested person.

For crying out loud, Nigeria is of age. Sixty one years is neither sixty-one days nor sixty-one weeks. It beats my psyche to realize that most Nigerians are yet to know that Nigeria is truly of age, going by the manner they treat the country in question.

Most pathetically, they’ve turned the ‘giant of Africa’ to a thing of mockery. Isn’t it wickedness? Well, still thinking aloud; though sooner or later, I would be communicating loudly.

The fancy fact remains that Nigeria has been abused greatly by her subjects. How can we be repeating just one issue, which is corruption, on a daily basis; does it imply we don’t know the actual remedy to stop such cankerworms? As far as I’m concerned, this is simply insincerity. Let’s ride on!

The polity has been filled with enormous uproar in regard to the forthcoming elections. The funniest part is that, lately, even the ‘touts’ have been speaking as if they own this country.

The aforementioned pandemonium has abruptly become ubiquitous, which implies that no one is safe if we decide to remain mere onlookers as the days unfold.

It’s no longer news that the Independent National Electoral Commission (INEC) has announced to the public the dates for the awaited elections. This signifies that Nigerians are presently damn prepared to once again walk to the polls come 2023.

But for the impending national ritual to be successful as expected by all well-meaning individuals both home and diaspora, the electorate must acknowledge that the country is seriously in need of cleansing as regards elections and allied matters.

Ceaselessly, the teeming electors in Nigeria are being reminded of the same thing, as if their memories aren’t longer functional. This is to say the collective plight of Nigerians is self-inflicted. This is the reason the citizenry must go back to the drawing board for holistic review towards making amends where need be.

For crying out loud, we can’t continue to repeat exactly the same thing on a daily basis. The good news is that time has come for every Nigerian to get it right.

At this juncture, everyone is urged to search their respective consciences because, I’m of the view that we’ve all derailed tremendously. Mind you, ‘it’s better late than never’.

I can’t see how someone born with a silver spoon could be dining with a rotten one even as a grown-up. Isn’t it absurd? 

Bitcoin, Ethereum Surges As Russia Considers Accepting Bitcoin As Payment For Its Oil And Gas

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Following the invasion of Russia on Ukraine, the country has been faced with strict sanctions being pelted at them by Western countries. These sanctions have kept Russia’s economy in shambles as the country now finds itself increasingly isolated from global trade. Despite being one of the largest exporters of gas, accounting for about 45% of the European Union’s imports, the country has been facing difficulty in finding buyers for its oil.

According to information gotten, due to the difficulty Russia is facing with selling its oil, the country is now considering accepting Bitcoin as a means of payment for its oil and gas exports. According to Russia’s chair of the Duma committee on energy, Pavel Zavalny, he disclosed that when it comes to their allies such as China or Turkey, Russia is willing to be more flexible with payment options as alternative ways to pay for Russia’s energy exports and also accept Bitcoin as a means of payment. After Russia made the statement of accepting Bitcoin as a means of payment, there was a rise in Bitcoin of about 4%, which saw the price move up to $44,000.

Not only did Bitcoin rise, but the price of other cryptocurrencies also spiked around that time. The president of Russia Vladimir Putin disclosed earlier that he would require “unfriendly” countries to pay for oil and gas in rubles. Although his demand was frowned at by European leaders, especially those who are still purchasing the Russian oil and gas stating that such a requirement would breach existing contracts, which typically specify the currency should be in Euros or Dollars.

When sanctions were being pelted out at Russia by the Western countries, for their forceful invasion of Ukraine, I pondered if Russia could survive all of it. I also imagined if they could thrive as a pariah state, knowing full well that most European countries have cut ties with them. Well, I guess they are gradually feeling the heat, which is why they are seeking alternative payment options to the purchase of their oil and gas. Each of these sanctions bears a weight of devastating impact on its economy. Recall that President Joe Biden and the European Union earlier announced the expulsion of Russian banks from the society for worldwide interbank financial telecommunication.

The expulsion ensured that Russian banks were disconnected from the International Financial system as well as harmed their ability to operate globally. Russia’s switch to payment through Bitcoin would be a strategic move deployed by them to bypass sanctions since cryptocurrency doesn’t flow through the International banking system. Although this alternative route might look like they have found a solution, albeit it is complicated due to how volatile cryptocurrency can be.

With its value swinging by 50 percent or more over the past year, it could be favorable to Kremlin, yet it may further undermine Russia’s economy. This period seems to be an unfavorable one for Russia because despite considering accepting Bitcoin as a means of payment, one of its strong allies and trade partners China, has for long banned the use of cryptocurrency in their country. Another challenge that potential buyers of Russia’s oil and gas might likely face after purchasing the oil, would be how to get it out from Russia. One of the constraints would be getting a ship to carry the barrels of oil from Russia as not many shipowners will be willing to take the risk to avoid their ship from getting impounded.

Tekedia Capital Q1 2022 Investment Cycle

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Update: This is to update that the video sessions of all Tekedia Capital Demo Day pitches are now available in the Board. Login here and watch the presentations.


Greetings. We are very happy to update that the deal flow is live in Tekedia Capital Q1 2022 board. We made a special video for each startup and also attached their respective pitch decks. The Demo Day Zoom link is also included. The startups will come and pitch live to members as indicated. To join this dealflow, join our Syndicate here

Join our syndicate, and co-build the foundations of the next African economy. Tekedia Capital charges $1,000 annual fee to include an investor in Tekedia Capital deal flows for 12 months or 4 investment cycles.

Here are the key dates and deadlines for Q1 2022 investment cycle:

  • Publication of the startups: March 16
  • Demo Day: Demo Day is scheduled for March 26 at 4pm-6.30pm WAT (Zoom link will be provided later)
  • Tell us how much and startup you’re investing: April 6
  • Fund Transfer: Between April 8 and April 20. Transfer could be in US Dollars or local currency; bank details will be provided.
  • Master Agreement Signing: upon payment

 

Do not make the path to success to become The Success

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He was paralyzed for 38 years. He expected healing at a pool in Bethesda. Typically, an angel would arrive at the pool, stir the water, and the first to get in would be made whole. That has been the method for years; nothing else matters for many.

Then one day, a Messiah came. He asked the man, “Do you want to get well?” “Sir,” the man replied, “I have no one to help me into the pool when the water is stirred. While I am trying to get in, someone else goes down ahead of me.”

Notice his answer: he had no one to get him into the water. Simply, he had no connection to Aso Rock, White House or the U.S. Embassy for visa. Apparently, his healing must come via the same way – stirring water and jumping in, and the process must wait until the next angel arrives. Too bad, he did not know the grand commander of angels was before him.

We have the same problem. Someone asks you “Do you need a job?” Then you quickly remind him that “Sir, I made a 2.2 …, read “Typing”, etc”. It is natural; I desired to be a Naval officer because my kinsman, Rear Admiral Ndubuisi Kanu (RIP), was a great one. But one day, he came to the community school and told us “you must be educated and pass exams with great grades”. We got the message; the only path was not military.

People, do not make the path to success to become The Success. There are many routes. Not many would be as lucky as the man who despite his way-off answer received healing from Christ. Communicate better on the big picture.

Happy Sunday.