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Don’t be a stupid person!

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An Italian economic historian called Calo M Cippola wrote an article in the late 1970s titled – the five laws of stupidity, a theory of how stupid people reason, operate and how stupid people are the most dangerous people on the planet earth. According to him, stupid people destroy and mess up things for other people without benefiting anything from it and how people pay less attention to the dangers and huge negative impact the stupid people have on everyone else around them.  

It was a quite hilarious and humorous piece of work but you can definitely tell that even in the humor the writer was making a serious point and a lot of sense. 

He asserted that educational or professional status does not excuse stupidity or uplift someone from stupidity. There are stupid people in all walks of life. There are stupid professors, stupid lawyers, stupid doctors, stupid politicians. Every profession can atleast boast of some stupid people.

According to him, one of the top quality of a stupid person is that they mess up things without benefiting anything from it. A stupid person is a person who will make a colleague lose a job without him getting the job. A person that attacks another without no intrinsic benefit accruing to him is a stupid person.

Having laid down the foundation of who and who a stupid person is according to Calo M Cippola and some of the qualities of a stupid person, you can see that there are a lot of stupid people roaming around the society. Stupid professionals, stupid politicians, stupid house builders and estate developers, stupid religious leaders, stupid freedom fighters, stupid suicide bombers, etc. 

Those that are foisting old and ready to retire politicians in Nigeria; politicians who everyone is sure that they have nothing to offer again to the development of the nation are stupid people, those that always plan to hit up the polity with no benefits accruing to them from the act according to Calo M Cippola are all stupid people. The list goes on, It doesn’t matter the person’s educational qualifications or professional status, a stupid person is a stupid person. 

Whenever you engage in an act, first ask yourself if the act is a stupid one and take an objective view of it; if other people lose and you gain nothing from that act then you are totally stupid; not my word by the words of Calo M Cippola.

Try not to be included or be found amongst the circle of stupid people, they are very dangerous, stupidly dangerous and it is more dangerous that they have no idea how dangerous them being stupid is and people ignore their stupidity without knowing that their stupidity have a huge negative impact in everyone around them. 

Biggest Raises in African Startup Ecosystem – January 2022

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India wants the citizens to pay 30% tax on crypto and NFTs; do not share this post with the Federal Inland Revenue Service of Nigeria. And Saudi Aramco has souped up a $1billion Venture Capital fund to invest in emerging technologies. Hello NNPC, can you budget  $10 million for early stage startups in Nigeria?

That may be the oil and gas of the future because African startups are raising tons of money and some do not even have time for the pressmen. Tekedia Capital continues to provide paths for people to own a piece of these future empires here 

Be inspired because the future looks promising; the innovators are at work.

Comment on LinkedIn Feed

Comment 1: The dollars are raining, the future is not gloomy but exciting, you just need wash your eyes very well, so that you can see.

As for NNPC, it would be a great idea for it to have tech focused venture funds, since it’s great at loss making, with zero innovation anyway; this could open a new vista, making the hopeless state entity relevant in future discussions. As long as it doesn’t introduce quota system in funding the startups, else it will become another wasteful adventure.

For India and new tax regime for crypto and NFTs, our case is quite different, we haven’t even admitted or denied how useful or harmful the new tech is to our economy, so contemplating taxation would be an aberration.

Read Tekedia Mini-MBA Testimonials Here

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Mr. Adebayo Adeleke served the U.S. Army for more than 20 years. He rose to the positions of the Director of Contracting Operations and Chief of Contracting. Bayo, a seasoned combat veteran of the United States Army, CEO of Adebayo Adeleke LLC and a Tekedia Institute Faculty, sent this unsolicited video testimonial mainly from feedback from dozens of his staff who have attended our programs.

Read Tekedia Mini-MBA testimonials here.

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Registration for the 6th edition of Tekedia Mini-MBA (Feb 7 – May 7, 2022) opens. Tekedia Mini-MBA, from Tekedia Institute, is an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Our programs are designed for ALL sectors, from fintech to construction, healthcare to manufacturing, agriculture to real estate, etc.

Facebook’s Meta Drops 22%, Wiping $200 billion; Apple, TikTok At Play

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When Facebook changed its algorithm a few years ago after the paralysis of the Cambridge Analytica scandal, many companies which built on Facebook went bankrupt. Today, Apple’s privacy changes in its products are hitting Facebook hard. Yes, Meta (parent company of Facebook, Instagram and WhatsApp) is off by more than 22% in after hours after the company missed earnings targets. 

Simply, privacy changes by Apple have allowed users to opt out of having much of their online activity tracked, and that has made it harder for Meta to soup them with ads. With less efficiency, clicks drop and Facebook sees more than $200 billion wiped out in its market value.

You can see why modern digital infrastructure companies in the mobile internet era own the future. Apple’s iOS and Google Android for mobile while Windows rules everything else. 

As that happens, TikTok provides another asymmetric attack from the flanks. TikTok is a key reason the growth on active users has stalled.

Meta’s companies are just visitors in those ecosystems,  and that is why Mark Zuckerberg is hoping he can create a new dawn in metaverse with an amalgam of Oculus VR and other things to control one. Possibly, Meta will build the operating system for metaverse so that this risk of changes in Google and Apple will become better managed.

Meta’s stock slumped more than 20% after the Facebook parent company posted disappointing earnings and reported that its number of active users had stalled. Profits dropped 8 percent in the fourth quarter, to $10.3 billion, from a year earlier and the company’s number of monthly users remained static at 2.91 billion, compared with analyst projections of 2.95 billion. Meta said it was being hit by a combination of “headwinds,” including the negative effects of inflation and supply chain problems on advertising spending, and increased competition for users’ time. (LinkedIn News)

People, it is just a click away and the digital animal fades; TikTok ticking!

A Wake Up Call To Tackle Money Ritual Among Youth In Nigeria

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Recently, there has been a surge in ritual killings carried out by youths in the country. Surprisingly some of them are carried out by teenagers. The get rich quick syndrome has engulfed the mind of so many youths that they no longer see dignity in labor. They now seek shortcuts to succeed even without trying. If this issue is handled with levity and not nipped in the bud, I am not a harbinger of bad news, but it will definitely escalate into something worse. What is prevalent among them is internet fraud which is called “Yahoo Yahoo”.

With the high rate of ritual killings, from information gathered, these youths while engaging in online fraud now perform rituals to be able to ensure that they amass so much money from their online scam. Just recently a video went viral where a group of boys, 3 in number with ages ranging from 15-16 stated that they left their base to come and learn internet fraud in another state. Also, some group of teenage boys in their quest for quick wealth beheaded a teenage girl on the instructions of a herbalist which they were eventually caught.

Seeing these things, I begin to ask myself where did things go wrong. Giving a thorough thought to it, I concluded that so many things are actually behind the get rich quick syndrome among youths. Government, parents, Entertainment industries, society, etc all contribute to it. They have failed to play their role well.

Starting with the government, with Nigeria being one of the headquarters of poverty coupled with a high rate of unemployment that has ravaged the whole country, anything is expected from the youths. The government has failed in keeping them engaged with jobs and also giving meager pay to most government workers. The youths have no option but to seek routes that they believe will better their lives. Although some engage in decent jobs, while some others engage in online fraud coupled with ritual practices.

Not in any way justifying their actions, but once the issue of unemployment is tackled by the government, I believe there will be a decrease in these dastardly acts carried out by the youths. The government is treating the issue of unemployment with levity, and with the rate at which these rituals are happening, if nothing is done the streets might not be a safe place again especially females who are their prime target.

Most Parents on the other hand have failed in their duties. There seems to be an increase in bad parenting. I don’t see any reason why a responsible mother would rejoice and thank God after her teenage son suddenly comes home with an expensive car without any legit traceable source of income. What happened to parents questioning their wards about their sudden wealth instead of encouraging them and praying for them. If parents can wake up with their parenting roles, the issue of fraud will be reduced. Parents need to properly warn their wards about the repercussions of engaging in such illicit acts. Instead what we have today are parents who go as far as buying laptops for their children to start online fraud.

The entertainment industry has also contributed greatly to this. There needs to be a reform in the contents they put out for public consumption. For instance, in the film industry, “Nollywood”. They should stop displaying content that glorifies fraud and ritual, instead, they should produce content that teaches about the danger of engaging in such acts. They should be intentional about putting out content that teaches great lessons to make people, especially youths, desist from engaging in fraud, rituals, and other vices in the society. They should depict sad endings of fraudsters/ritualists and people who chose a negative path in life to pass a message across.

Also, musicians can play a vital role in curbing these acts. They should produce songs with lyrics that talk about the dangers of fraud and ritual and also condemn all other illegal acts. Instead, what do we hear these days “if you no get money, hide your face”. Lyrics like this encourage people, especially the youths to go the extra mile just to make money legit or not. This is not the way to go. Although there are few exceptions of musicians who give out great music that pass great messages, a collaborative effort would be ideal. Society can also play a big role in this, by ensuring that they do not give chieftaincy titles or any other titles to people with questionable sources of wealth and also, society shouldn’t glorify such people.

With the high rate of fraud and ritual killings, going on in the country. It is indeed a wake-up call to the government, society, entertainment industries, etc to join efforts to help curb this menace before it ravages the whole nation.