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What is Nigeria’s “Timber from the King’s Forest”?

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Timber from the King’s Forest
Timber from the King’s Forest

His ancestors had dedicated a Temple around 10th century BC to Yahweh. But Nebuchadnezzar II destroyed it around 587 BC during the siege of Jerusalem. He grew up, and rose to become one of the most important men in Persia (in modern Iran): a cup-bearer to Artaxerxes, king of Persia, and later, the king made him a governor of Persian Judea. 

To rebuild the Jerusalem wall, the king gave his permission to use timber from his forest. In the imperial Persia, which had conquered Babylon, commanding the territories with military and economic powers, the king’s timber went with the king’s builders and security.  The wall was rebuilt within 52 days.

Yes, Nehemiah rebuilt the city wall circa 408 BC – the very one that stood in Jerusalem during the time of Christ. Later, Roman Generals Titus and Vespasian destroyed it. I am yet to read of any man that understands foreign policy, diplomacy and large project management better than Nehemiah

If Nehemiah had used any timber that was different from timber from the king’s forest, he would have failed. Understanding the situation in the region, and asking for the king’s timber was the reason he succeeded. You must have the capabilities to decipher the most important component to have a successful project. And you must make sure you have that component.

Simply, any project that received timber supplies from the king’s forest was as good as done. And only the most important projects qualified. As the aides shipped the timber, the guards would follow, making sure that none was wasted. Another set of guards would monitor compliance.

It is the big picture thinking in project management: understand what matters. In Nigeria, what is the “timber from the king’s forest” for us to advance as a people? Yes, what is the most catalytic thing for success? If Nehemiah had asked for money, he could have gotten tons and still failed. But he asked for one thing that no human would ever waste: timber from the king’s forest.  Today, in Nigeria, what is our timber?

China Stops Didi from Registering New Customers Two Days After IPO

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China has ordered ride-hailing company, Didi, to stop registering new riders a few days after it went public in the US. Didi raised $4.4 billion from its initial public offering.

The order came after the Cyberspace Administration of China (CAC) launched an investigation into Didi’s use of data that they said it is “in order to prevent national data security risks, maintain national security and protect the public interest.” The company shares fell as much as 10%Friday morning.

Chinese internet regulators have reined in on cybersecurity guidelines violators recently, warning tech companies to collect, store and handle key data properly.

But the move is also in line with China’s recent crackdown on its tech sector that has seen many big names in the industry hit by fines and targeted regulatory orders.

China’s fintech giant, Ant, was preparing the biggest IPO in history late last year when regulators ordered the postponement. The stunning development kicked off a new array of regulatory mechanism, designed to keep players and individuals in the Chinese tech industry in check. Didi is the latest victim of the new regulatory framework.

In 2021, China’s market regulators fined Didi multiple times for not reporting details of merger and acquisitions to government agencies. Sources told Reuters the company is also facing an antitrust investigation over whether Didi used anti-competitive behaviors to drive out smaller rivals.

While Didi has been caught and fined for misconducts, antimonopoly and abuse of market dominance were rarely the issues. That suggests that the order stopping Didi from registering new customers for “national interest” has more to do with the company’s IPO debut in the US.

In the past four years, the US, under former president Donald Trump, intensified efforts to curb the freedom with which Chinese companies operate in American soil. Trump announced series of executive orders targeting Chinese tech companies, led by Huawei. Others include TikTok and Wechat. The executive orders which aimed to stop the companies from doing business in the US were based on national security concerns.

Trump had alleged that most of the companies have ties with China’s military and would not hesitate to share private data of Americans in their possession upon request. Though the affected Chinese companies repeatedly denied involvement with the Chinese military, it didn’t change much. Huawei’s leadership in the global 5G deployment has been severely impacted by US sanctions, irking China, prompting it to formulate retaliatory policies aimed to counter future sanctions and protect its business entities abroad. And at the same time, China is working to see that its companies don’t give the US access to Chinese data.

The CAC did not give details on its probe, but its mention of cybersecurity suggests China is wary of how Didi manages private data of its citizens overseas, especially in the United States. Didi offers a wide range of services in China and over 15 international markets, gathering vast amounts of real-time mobility data everyday.

Adam Segal, a cybersecurity expert at the Council on Foreign Relations in New York, said without details, it’s difficult to know exactly what is going on, but “CAC has been looking at security of all large firms’ data as part of a crackdown on big tech”.

Nigeria – Where Everyone Is A Victim!

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Do we assume that Buhari has lost Nigeria or that Nigeria has moved ahead of him. I have never seen anything like this. I mean, the Attorney General of the FEDERATION, the other day, addressed press men in Hausa language. But that briefing was not a casual snake swallowing naira, or one man holding 50 debit cards, but this was the arrest of Nnamdi Kanu.  In other words, he knew the briefing would be massively distributed. But he decided to speak in a tribal language which is not a lingua franca.

As everyone remains flummoxed how Nigeria was able to arrest Kanu when we have not challenged bandits, killer herdsmen, unknown gunmen, etc with the same alacrity, the rally today in Lagos adds a new dimension. Then, I ask: what is going on with Nigeria?

Who can redirect Nigeria? I had expected Prof Osinbajo to be the voice of reason but he seems totally disintermediated. Fractures are building that EVERYONE is claiming to be a victim. Whenever that happens, bad things usually follow. Why is Nigeria offending everyone at the same time?

As they say, if you sin against God, you have a chance. But if you sin against Satan, you are gone.  Mr. Buhari, you need to rise up and do your job. You must Sir with all due respect.

Beat Tekedia Mini-MBA Early Registration Deadline And Unlock Many Benefits

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Registration for the 6th edition of Tekedia Mini-MBA (Sept 13 – Dec 6, 2021) 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.

For this edition, beat the early bird registration deadline and unlock many goodies. Register and get our books, cybersecurity courses, etc for free here.

 

The Ghana’s Great Disintermediation Playbook of Nigeria

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As Nigeria’s secret police and politicians celebrated attacking Sunday Igboho’s home and arresting Nnamdi Kanu, Toyota was commissioning an assembly plant to sell more cars in Nigeria. Left and right, you can see a massive disintermediation playbook from Ghana as companies position themselves there to serve Nigeria.

Like I noted the other day, if Twitter suspension in Nigeria becomes permanent, Twitter will suspend its voyage of opening an office in Ghana because that office which listed some jobs requiring local Nigerian languages was designed for the Nigerian market.

As Ghana rises, which is good, I call on the Nigerian government to pay more attention to AfCFTA. My position during the debate of joining AfCFTA remains: ‘Nigeria should SIGN but must make sure the “rule of origin” clause is strong. We cannot afford goods produced outside Africa to be repackaged in a treaty member state and then shipped to Nigeria at a low tariff that is exclusive to member states.’ Yes, once AfCFTA takes off, expect revenue from Customs to drop which could be a double whammy for Nigeria: you used to make money from the duties, but today, you get nothing.

We need to do to Toyota Ghana what America did to Toyota Canada – expressly remove any North American Free Trade Agreement (NAFTA) benefits on the cars. That is why a Toyota car costs more than $6,000 in United States to what you get it in Canada where most are made for the US market.

Nigeria needs visionaries because in this age, we are being faced with asymmetric challenges, and to overcome, we need our leaders to be proactive with the fierce urgency of now.

Our President Should Sign AfCFTA Free Trade after Strengthening “Rule of Origin” Clause