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Home Blog Page 5317

Marginal Cost and Pricing Efficiency [Video]

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In our Tekedia Mini-MBA journey, we will learn a lot about Cost, especially Marginal Cost and Pricing Efficiency. We have 3 Faculty members to drive that.  I am an old school teacher: you must take charge of your cost to find value in markets.

I studied cost and currency (thank you Diamond Bank which funded my doctoral program on banking and finance) and have written many working documents on the same.  I wrote the lead paper on single African currency for the African Union and co-authored many working papers for the World Bank.

I believe that you must experience the quality of Tekedia Mini-MBA. It goes for N90,000 or $170 and runs for 12 weeks. This is the best value in business education. Join https://school.tekedia.com/course/mmba7/

Classes begin tomorrow….

Rising Coup Attempts In Africa

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Recently, there has been a surge in coup attempts in Africa. According to report, the African continent has recorded 21 coup attempts by the military to overthrow the incumbent government in Eight years. Data sourced from the global instances of coups shows that 38 percent of such attempts have been successful since 2015. Lately, I began to wonder why there have been incessant coup attempts in Africa. One thing I know is that citizens of a lot of African nations are tired of being ruled without any positive/meaningful change occurring.

Some have summoned the courage to take laws into their hands to topple the current government without much concern of its consequences. A few others no longer have to wait for elections again to vote these leaders out of power because they know that the system will be rigged, which will see them continue to sit in power. Most of the coups have mostly been recorded in Western and Central Africa. From 2020 Africa recorded a drastic increase in coup attempts and successes with 11 attempts and 6 successes.

According to statistics from 1950 till date, there has been a record total of 494 coup attempts in the world, of which a total number of 222 took place in Africa. One can hardly go a day without seeing news of a coup attempt carried out in Africa. Most coup attempts have been as a result of a lack of good governance. Africa has been ravaged with power-hungry and sit-tight leaders like Robert Mugabe, Yoweri Museveni, Muammar Gaddafi, Gnassingbé Eyadéma, etc, who all refused to adhere to the Constitution where power has to rotate. They had no intentions of handing over power, some even went to the extent of amending the Constitution to suit their selfish interest.

I feel most African citizens have been pushed to the wall enough and they have deemed it fit to fight for what belongs to them. I won’t be surprised if a coup attempt in one African country, inspires another African country facing a similar challenge to take a cue from, which might probably be the reasons for the recent coup attempts. Just like the case of the Haitian leader Jovenel Moise who was murdered through a coup, although this never happened in Africa, but some African nations have been spurred to replicate such act.

I have the inkling that more coup attempts will rise because it seems like there is no change in view for most of these corrupt African leaders. Also on the other hand, if carrying out a coup was an ideal solution to fight corruption, Africa would have been better off today, but there seems to be no significant change evident.

Most of these uniform men who topple a sitting government, only go there to end up as dictators with not much difference from the past leaders. They often adopt an authoritarian system of government ruling the people with absolute control. A case study of Nigeria, where previous governments that were toppled by coups never did anything positive. Rather they went there for their selfish interest and also looted funds impoverishing the lives of its citizens.

Almost all military coups in Africa improved nothing. On the reason why coups are increasing in Africa. A former chairman of the National human rights commission Mr. Chidi Odinkalu attributed the coups in Africa to a lack of credibility in elections on the continent. He stated that “elections are becoming laughable processes, more like a necessary ritual done just to fulfill all righteousness by which authoritarian regimes and dictators procure their continuance.

I cannot but agree with his statement because most elections in Africa, don’t reflect the will of the people and the AU and Ecowas have been silent on these issues. Most coup attempts have been fuelled by the failure of Ecowas and AU to condemn rigging of elections and illegal constitution amendments. Most African citizens have felt that since these big bodies have lost their authority to influence decisions to punish erring officials, then they will have to step in and do things their way.

Reviewing Government Agencies In Nigeria Towards Greater Nationhood (II)

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The investigations carried out by agencies may include interviewing relevant witnesses and reviewing documents. Some investigation may include scientific testing.

In Nigeria, some regulatory agencies are usually partisan while conducting their investigations, thus such anomaly requires an urgent cross-examination by the apt authority.

Furthermore, after the investigation, the agency would make a decision, demand any corrective action if necessary as well as impose any appropriate penalty on the offender as authorized by the law.

It’s noteworthy that a firm or an individual possesses a right to appeal any decision made by an agency. Most times, an agency’s decision is appealed through the agency that rendered the decision, which is known as an administrative appeal. Sometimes, such appeals can be handled by the effort of a special court.

It was the late great philosopher Socrates that said “An unexamined life isn’t worth living”. Taking a painstaking study of the federal and state governments’ agencies in Nigeria, particularly the former, it’s needless to reiterate that most of these agencies or commissions, especially those established to exercise regulatory functions, are seriously crying for a compelling review or reexamination towards achieving a more effective and efficient productivity. This is where the prime essence of the above topic lies.

To this end, it’s high time the concerned authorities domiciled in Nigeria reviewed most of the laws guiding these agencies so they could make amends if need be.

Aside the conventional agencies, the regulatory ones such as, but not limited to, the National Drug law Enforcement Agency (NDLEA), Nigerian Communications Commission (NCC), and the National Agency for Food and Drug Administration and Control (NAFDAC) were set up to assist the government in the enforcement of severe laws that otherwise could not be properly enforced.

However, it’s appalling and pathetic to note that most of these agencies, rather than doing the needful, end up doing otherwise in the long run owing to corruption.

Nigeria could boast of an agency like the Nigerian Copyright Commission (NCC), still, plagiarism prevails in the country and is currently on the rampage. This sounds not unlike a paradox, but it’s real.

It’s not anymore news that most of these agencies have been characterized by several uncalled-for factors including partisanship, favouritism, mediocrity, and what have you.

These constituted bodies are meant to be independent in the discharge of their lawful duties, but on the contrary, in most cases you would observe they dance to the tune of most influential Nigerians or corporate organizations, thereby abusing the laws or principles on which they were founded.

Inter alia, some similar federal agencies like the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other related crimes Commission (ICPC) alongside the Consumer Protection Council (CPC) and the Standards Organization of Nigeria (SON) are meant to be merged headlong, respectively.

On the other hand, a few others currently incapacitated or no longer in vogue ought to be scrapped or better still, embedded in other related agencies, towards enabling space for creation of new ones presently needed by the country to function effectively.

Currently, Nigeria is arguably yearning for establishment of bodies to include commission as well as tribunal for electoral violence that would tremendously assist the Independent National Electoral Commission (INEC) in fighting crimes occasioned by political unrest.

In the same vein, agencies like the National Youth Service Corps (NYSC) ought to be strengthened or even scrapped. For instance, the Skill Acquisition and Entrepreneurship Development (SAED) programme currently taking place in the scheme should be made compulsory by the management, especially at this point the country is deeply concerned about uplifting entrepreneurship among her young ones or the citizenry at large.

It’s worthy to note that most of the corps members dodge the said programme in the process, thus the management of the agency needs to deploy a device toward ensuring every corps member participates actively in the programme.

Above all, there’s a need for the leaders of all the existing federal agencies in Nigeria to regularly read the riot act to their entire staff or personnel, so they would be conscious of the rules at all costs. The state owned ones should also follow suit.

More so, in their oversight functions, the legislatures of both the federal and state governments, as the case may be, are expected to from time to time, summon the leadership of any agency to their chambers whenever skepticism arises or if they sensed any foul play.

The time is conspicuously ripe to holistically review these existing agencies in Nigeria toward greater nationhood. 

Entrepreneurs, Project Champions, Welcome to Tekedia Mini-MBA

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Entrepreneurs and Project Champions, welcome to Tekedia Mini-MBA. Let’s innovate and advance. It is going to be magical. Everything is ready. And if you registered and yet to get your login or you’re having issues, inmail me. We continue to welcome more members to this academic excursion here .

(Apologies for that STEP 3 during setup which the lawyers asked us to add because of EU members, to comply with GDPR).

Invent, innovate and drive organizational transformation, performance, and growth. Capture emerging opportunities in changing markets while optimizing innovation and profitability. Digitally evolve your business or functional area, turning digital disruption into a competitive capability and advantage. Master the concepts of building category-king companies, and thrive.

Tekedia Mini-MBA Edition 7 Begins Tomorrow

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Greetings. The academic festival begins tomorrow at Tekedia Mini-MBA. If you want to join, now is the time to get the ticket. I will open it tomorrow with the Mission of Firms and Building Category-King Companies.

As we examine how to build great companies, an experience in the last 18 hours makes everything evident. We saw a startup investment opportunity which does not come all the time in Africa. We called an impromptu meeting for Tekedia Capital Syndicate members. Because this startup is exceptional and a clear -king, we raised 100% of the funds required by the time I woke up. Yes, 18 hours for hundreds of thousands of dollars – that is the test of opening a new basis of competition in markets.

What is your vision? What is your playbook? How is that leadership ascension coming? Etc. At Tekedia Mini-MBA, more than 200 eminent faculty will bring clarity to advance you professionally and accelerate progress in your firm, community and nation.

Join here. 


I understand that the first WhatsApp groups are full, Admin will keep creating new ones. We actually built an app hub.tekedia.com to avoid that problem in previous editions, but the adoption was suboptimal. Telegram does not help either; hopefully, WhatsApp will remove the group cap in future.