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Join Tekedia Capital And Invest and Breed Great Startups in Africa

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We believe in Africa and are building the architecture of its future through entrepreneurial capitalism. Nations rise when pioneering entrepreneurs emerge; the problems in nations are opportunities in markets.

At Tekedia Capital, we’re fixing frictions across market sectors through category-king companies. As we plan for the next edition of Tekedia Capital Syndicate where you can invest in great companies operating in Africa. Citizens, companies, investment clubs, families, VCs, etc are invited.

Register here and become a unicorn breeder.

Come to The Temple – Register for Tekedia Startup Masterclass

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Builders, innovators, entrepreneurs, founders, project champions, etc – come to the temple where we master how to design, build and scale companies. Tekedia Startup Masterclass is on-demand which means you can enroll and begin anytime. Begin here today https://school.tekedia.com/course/masterclass/

Tekedia Startup Masterclass: from Start-Up to Unicorn is designed to help founders, entrepreneurs, and those generally working in the startup ecosystems, to master the mechanics of building category-king startups. The program runs for 8 weeks and it includes an hour-long one-on-one Zoom session every week, per participant, with Tekedia Institute’s Lead Faculty, Prof Ndubuisi Ekekwe.  

This program is on-demand which means you can enroll and begin anytime. In other words, there is no specific start date as it is customized for the learner via the one-on-one Zoom sessions. If you pay today, you will begin  immediately. 

The goal of the Masterclass is to help the participant master modern business mechanics which are used to scale and blitzscale ideas into unicorns (startups with a minimum of $1 billion in valuation). 

 

Is your Business, Company or NGO registered yet with the government?

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Every Business operating in Nigeria; be it a start up, a tech company, an agriculture business, a grocery store, a commercial business or a real estate company is expected and mandated to be registered with the Corporate Affairs Commission (CAC).

When we talk about businesses; sole proprietorships are inclusive, so also partnerships, and so also companies (be it private limited liability company or public company).

Also Non Governmental Organizations (NGOs) like Foundations, Charity Organizations, Social organizations etc are also expected to be registered with the Corporate Affairs commission.

Benefits of registering your businesses, Companies or NGOs with the Corporate Affairs Commission (CAC) can not be over emphasized; some of the enormous benefits include:

~Compliance with the law: You comply with the law when your business, company or NGO is registered with the corporate affairs commission hence you won’t be regarded as a law breaker.

~Legal Status: Your business or company or NGO acquires a legal status, legal personality in law when it’s registered with the CAC.

~Opening of Bank Account: It is only when your business or company is registered that you can open a bank account for the business as one of the requirements when opening a company account or business account is the provision of certificate of incorporation.

~Business Credibility: Customers or investors will be more comfortable and keen dealing with you when the business or company is registered.

~Contract Execution: It is only when your business or company is registered that you are permitted to bid for contracts and execute them.

~Access to Loans/ Grants: Having your business, company or NGO registered is one of the prerequisites for applying and getting loans and grants.

~Name Reservation: When you register your business, company or NGO with the name it’s already been known with you save the name from been used by other people.

Nigerian Government Lifts Twitter Suspension After 222 Days

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The Nigerian government has lifted the controversial Twitter ban, ending access restrictions it had imposed on the microblogging platform since early last year.

The decision was announced in a statement by the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, on Wednesday evening.

The statement said the order to lift the suspension came after the Minister of Communication and Digital Economy, Mr. Isa Ali Ibrahim, sent a memo recommending the lifting, from the Technical Committee Nigeria-Twitter Engagement, to the president.

“The Federal Government of Nigeria (FGN) directs me to inform the public that President Muhammadu Buhari, GCFR, has approved the lifting of the suspension of Twitter operation in Nigeria effective from 12am tonight, 13th January 2022.

“The approval was given following a memo written to the President by the Honourable Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim.

“In the Memo, the Minister updated and requested the President’s approval for the lifting based on the Technical Committee Nigeria-Twitter Engagement’s recommendation,” the NITDA statement said in full.

The Twitter ban has been one of the most controversial decisions president Muhammadu Buhari’s administration has taken. It drew wide condemnation and was described as an attack on free speech, which is the core foundation of democracy.

Despite the condemnation, Buhari’s administration stood by its decision, prolonging the ban for as long as 222 days, costing Nigerians millions of dollars.

Late last year, during his Independence Day speech, Buhari outlined terms and conditions that Twitter must meet for the ban to be lifted. They include: National Security and Cohesion, Registration, Physical presence and Representation, Fair Taxation, Dispute Resolution and Local Content. The government has repeatedly claimed that Twitter has agreed to the terms and conditions.

Twitter was banned in Nigeria after it removed Buhari’s tweet for violating its policy. The social media app, who had earlier chosen Ghana over Nigeria to open its headquarters in Africa, admitted it has been in talks with the Nigerian government, but didn’t say it has agreed to the terms.

Twitter suspension is one of the major bans that have taken place under Buhari’s administration. In August 2019, Buhari ordered the closure of Nigerian land borders, a decision he said was aimed at boosting rice production and stopping arms smuggling into Nigeria. The land border closure, which lasted for about 15 months, stoked Nigeria’s inflation rate to over 15% and failed to meet its objective.

The government said Twitter has agreed to comply with applicable tax obligations on its operations under Nigerian law among other things. 

However, It is believed that the decision to lift the suspension has been borne from the concern that it will impact the ruling party, All Progressive Congress (APC)’s chances in the 2023 presidential election.

The Little Blue Bird Is Free in Nigeria as Buhari Unbans Twitter

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Once again, the little blue bird is now free in Nigeria. Yes, Buhari has unbanned Twitter in Nigeria. If you are looking for where to start, begin with my feed here – https://twitter.com/ndekekwe . The bird has added seven months since you last visited the digital square.

FGN LIFTS SUSPENSION OF TWITTER OPERATIONS

The Federal Government of Nigeria (FGN) directs me to inform the public that President Muhammadu Buhari, GCFR, has approved the lifting of the suspension of Twitter operation in Nigeria effective from 12am tonight, 13th January 2022. The approval was given following a memo written to the President by the Honourable Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim. In the Memo, the Minister updates and requests the President’s approval for the lifting based on the Technical Committee Nigeria-Twitter Engagement’s recommendation.

  1. You may recall that on 5th June 2021, the FGN suspended the operation of Twitter through an announcement made by the Honourable Minister of Information and Culture, Alh Lai Mohammed. Thereafter, the President constituted a seven-man Presidential Committee to engage Twitter Inc. Subsequently, in its wisdom, the Presidential Committee set a 20-member Technical Committee comprising all relevant government agencies. The Technical Committee engaged and worked directly with the Twitter team.

  2. The immediate and remote cause of the suspension was the unceasing use of the platform by some unscrupulous elements for subversive purposes and criminal activities, propagating fake news, and polarising Nigerians along tribal and religious lines, among others. These issues bordering on National Security, Cohesion and the effects of the abuse of the Twitter platform forced the FGN to suspend the operation of Twitter to address the direct and collateral issues around its operations in Nigeria.

  3. The new global reality is that digital platforms and their operators wield enormous influence over the fabric of our society, social interaction and economic choices. These platforms can be used as either a tool or a weapon. Every nation is grappling with how to balance its usage efficiently. Without balancing, every citizen’s security, privacy, social well-being, and development are at stake. Therefore, our action is a deliberate attempt to recalibrate our relationship with Twitter to achieve the maximum mutual benefits for our nation without jeopardising the justified interests of the Company. Our engagement has been very respectful, cordial, and successful.

5. The process of resolving this impasse between the FGN and Twitter Inc. has helped lay a foundation for a mutually beneficial future with endless possibilities. Twitter is a platform of choice for many Nigerians ranging from young innovators to public sector officials who find it helpful to engage their audience. Therefore, our engagement will help Twitter improve and develop more business models to cover a broader area in Nigeria. Furthermore, the FGN looks forward to providing a conducive environment for Twitter and other global tech companies to achieve their potential and be sustainably profitable in Nigeria.
  1. While appreciating all Nigerians, especially the vibrant Nigerian youths who have borne with the long wait to resolve this impasse, the FGN is happy to say that the gains made from this shared national sacrifice are immeasurable. Some of the gains include:

a) Ongoing economic and training opportunities as the Company continues to consider expanding its presence in Nigeria;

b) Getting a better understanding of how to use the Twitter platform effectively to improve businesses;

c) Revenue generation from the operation of Twitter in Nigeria;

d) Smooth and coordinated relationship between Nigerian Government and Twitter leading to mutual trust;

e) Reduction of cybercriminal activities such as terrorism, cyberstalking, hate speech, etc.; and

f) Working with Twitter and other global companies to build an acceptable code of conduct following the global best practice.

  1. The FGN has asked Twitter to fulfil some conditions before restoring its services. These conditions addressed legal registration of operations, taxation, and managing prohibited publication in line with Nigerian laws. Twitter has agreed to meet all the conditions set by the FGN. Consequently, the FGN and Twitter have decided on an execution timeline, which has started this week. Our engagement with Twitter opens a new chapter in global digital diplomacy and sets a new operational template for Twitter to come back stronger for the benefit of Nigerians.

The following are the resolutions agreed with Twitter. Inc.:

i. Twitter has committed to establishing a legal entity in Nigeria during the first quarter of 2022. The legal entity will register with the Corporate Affairs Commission (CAC). The establishment of the entity is Twitter’s first step in demonstrating its long-term commitment to Nigeria.

ii. Twitter has agreed to appoint a designated country representative to interface with Nigerian authorities. The Global Public Policy team is also directly available through a dedicated communication channel.

iii. Twitter has agreed to comply with applicable tax obligations on its operations under Nigerian law.

iv. Twitter has agreed to enrol Nigeria in its Partner Support and Law Enforcement Portals. The Partner Support Portal provides a direct channel for government officials and Twitter staff to manage prohibited content that violates Twitter community rules. At the same time, the Law Enforcement Portal provides a channel for the law enforcement agencies to submit a report with a legal justification where it suspects that content violates Nigerian Laws. Taken together, these represent a comprehensive compliance apparatus.

v. Twitter has agreed to act with a respectful acknowledgement of Nigerian laws and the national culture and history on which such legislation has been built and work with the FGN and the broader industry to develop a Code of Conduct in line with global best practices, applicable in almost all developed countries.

  1. Therefore, the FGN lifts the suspension of the Twitter operations in Nigeria from midnight of 13th January 2022. We encourage all users of the Twitter platform to maintain ethical behaviour and refrain from promoting divisive, dangerous, and distasteful information on the platform. As patriotic citizens, we need to be mindful that anything illegal offline is also illegal online and that committing a crime using a Nigerian Internet Protocol (IP) is synonymous with committing a crime within our jurisdiction.

  2. Considering Twitter’s influence on our democracy, our economy, and the very fabric of our corporate existence as a Nation, our priority is to adapt, not ban, Twitter. The FGN is committed to working with Twitter to do anything possible to help Nigerians align and navigate Twitter algorithmic design to realise its potentials while avoiding its perils.

  3. In his approval, the President appreciates the Presidential Committee led by the Honourable Minister of Information and Culture, Alh Lai Mohammed, for the supervisory role and guidance given to the Technical Committee during the engagement. Similarly, the Presidential Committee commends the Technical Committee for a professional, robust and productive engagement with Twitter Inc. It also appreciates Government Regulatory Agencies and Internet Service Providers who implemented the FGN’s directives during the suspension.

Kashifu Inuwa Abdullahi, CCIE
Chairman Technical Committee Nigeria-Twitter Engagement and
Director-General
National Information Technology Development Agency (NITDA)