I deleted the generator piece because the TV station which posted the video has removed the video, editing out the contacts of the inventor from the new version I have seen. I do hope they do not charge the guy to repost the original video. With the video gone, there was no need of leaving the piece. So, I deleted it. More so, I will not post the new version where they have edited out the inventor’s contact.

We will continue to showcase inventors but as I have said, praising them online does nothing. The breakthrough will come when someone can bring them together, help them on IP processes and transform them from being inventors to innovators.

But do not think it is an easy thing: many Nigerian makers and inventors will NEVER sign a document because yes, they just like to be doing their garage thing forever. They want FREE money to help them. But ask them to give equity, they will refuse.

Think about it: why must you be begging when you have a great idea? It comes down to our basic education. In America, a kid in primary 4 already knows what copyright means and from there, they understand property rights.

But in Nigeria, men and women have great ideas, and yet they prefer to beg, instead of entering into partnerships. I do not get their “pity feel” because if you ask most to give equity for cash injection, they will refuse.

Yet, I hope we get it right soon!

Watch the video and order your generator; no petrol or diesel!

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Now that we have been preaching entrepreneurship and practical skills, our education system needs to reflect same too. For every successful enterprise, three key skills must be present: product knowledge, finance knowledge and marketing knowledge. For all the noise and confusion in our entrepreneurial space, all the focus still centre on product knowledge, which is still not optimal anyway, nothing meaningful has been done in the domains of finance and marketing; so the pity party continues.

We have to devote more time into building and organising the market systems, that you can craft or couple things doesn’t mean you can sell or you know anything about finance or contract and its role in an enterprise. We don’t really have a recognisable system in this land, just come as you are, only to scale poverty, as against wealth.

It’s a work in progress, we will see where we are in few years from now; in the meantime, support what you can.

Note: the whole idea of a fuel-less generator is debatable. No one knows what is being claimed until someone can see what was done. So, do not put so much excitement on this post. Personally, I like to support young people, but I do not believe in most of these technical claims.

He has worked in Sterling Bank Plc and ran the Power Sector business in Heritage Bank Plc. Then he became the Chief Investment Officer at Climate Finance Advisory. His expertise has been deployed in Deloitte, African Development Bank and United Nations where he worked to shape the climate finance domain.

Dr Jubril Adeojo is the Co-Founder/COO OneWattSolar which has raised $millions on green bonds to build the energy infrastructure of the future in Africa. The first class graduate of business administration of the University of Hertfordshire, master’s degree grad of Oxford Brookes University and PhD from The Da Vinci Institute, is a Tekedia Institute Mini-MBA Faculty on New Energy Business Model.

Dr Adeojo will be in the class tomorrow at Tekedia Live, to educate on the future of energy, climate finance and how we can prepare to capture value.

Tekedia Mini-MBA >> learn from the best.

This is the schedule for Tekedia Live for this week. We have moved into the final phase of our program which is Execution. People, it is ACTION time, and how to unlock that revenue, and engineer growth in that business. Over the last few weeks, more than 15 eminent business leaders have spoken at Tekedia Live, helping us to understand and master the mechanics of markets. I am hoping that the roadmap is evident now.

• -Tue, Aug 17 | New Energy Business Model (OneWattSolar Case Study) – Dr. Jubril Adeojo, COO, OneWattSolar
• -Thur, Aug 19 | Mastering ESG-Anchored Global Fundraising – Dr. Tiwalade Adeniyi, Sustainability Lead, Coronation Group
• -Sat, Aug 21 | 8 Options On The Most Important Decision in Business – Dr. Ndubuisi Ekekwe, Lead Faculty Tekedia Institute

Zoom links in the Board.

Registration for the next edition of Tekedia Mini-MBA continues here 

Corporate tax collection in Nigeria continues to improve: “The Nigerian government through the Federal Inland Revenue Service (FIRS) generated the sum of N864.72 billion as company income taxes in the first half of the year (H1 2021), representing a 57.8% achievement rate compared to the annual CIT projected revenue of N1.49 trillion. This is contained in the recently released company income tax report, by the National Bureau of Statistics (NBS).”

Now, the most important part – let us spend that money wisely. We cannot just innovate on tax collection. Yes, we also have to deepen our capacity to grow the economy with the same efforts we have used to accelerate tax collection.

This is the report Executive Summary

Data on Company Income Tax breakdown by sectors for Q2 2021 reflected that the sum of N472.07bn was generated as CIT as against N392.64bn generated in Q1 2021 and N402.03bn generated in Q2 2020 representing 20.23% increase Quarter-on-Quarter and 17.42% increase Year-on-Year.

Professional Services generated the highest amount of CIT with N130.09bn generated and closely followed by Other Manufacturing which generated N87.27bn, Banks & Financial Institutions generated N60.01bn while Textile and Garment Industry generated the least and closely followed by Automobiles and Assemblies and Pioneering with N27.23m, N62.15m and N64.30m generated respectively.

Out of the total amounted generated in Q2 2021, N412.74bn was generated as CIT locally while N51.61bn was generated as foreign CIT payment. The balance of N2.72bn was generated as CIT from other payments.

Tekedia Institute is launching a new program – Tekedia Practice of Automotive Business. This business will support mechanics, making sure they are qualified, technically and business-wise, to deliver consistent, dependable and quality services to Nigerian customers, using the National Automotive Design and Development Council (NADDC) protocols.

Our corporate partner and technical courseware developer is Mecho Autotech, Nigeria’s category-king on vehicle maintenance, repair and services. Mecho is a YCombinator company. From inspection to repairs, Mecho has 7,000 mechanics across Nigeria who work with truck owners, fleet owners, governments fleet, etc to keep their vehicles at their best states.

Through our program, Tekedia will work with these mechanics and more to ensure the quality you all expect from Mecho are delivered. Our courseware is built on NADDC protocols even though we are using the United States Motor Safety Standards as benchmarks. All Mecho mechanics will be recertified annually to make sure they are ready.

Because Mecho works with all mechanics who meet its standards, this is open to any mechanic in Nigeria to apply. Automotive care is a big business, we hope to deepen the knowledge with the industry best, Mecho.